There are an awful lot of goodies in the $900 billion government stimulus package now facing the Senate. I'm still not clear on everything that's in there. I'm guessing at least a few legislators feel that way too. I read somewhere the bill is running in excess of 400 pages long. That's a lot of speed reading.
One thing I have heard about, though, which seems to make very good sense, is a plan to put money back into taxpayers' pockets, not through another one-time payment, but by decreasing payroll taxes. The idea is that people will be more inclined to spend the money - perhaps not even realizing they're doing so - when it's realized gradually, and over time. Compare that to those big checks we got last year. I'll admit, I simply put mine into savings.
The worst thing about the stimulus package, from my perspective, is the degree to which it'll bury us in debt even deeper than ever. Our national debt (the total amount of money the U.S. government owes) now stands at $10.6 trillion. While I'm finding it hard to wrap my head around that number, it does equate to $34,807 for every adult U.S. citizen. Imagine the chaos that would ensue if you allowed your personal household budget to grow to similar proportions.
What do you say we give every American citizen a good strong cup of hot coffee instead? That's a stimulus that works every time.
Do you support the government stimulus package as a necessary spending bill to get our economy rolling again?
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