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Poll

What do do with your stimulus package?
Spend it
40%
 40%  [ 8 ]
Save it
10%
 10%  [ 2 ]
Pay off Debt
50%
 50%  [ 10 ]
Total Votes : 20

Author Message
Alphi
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Joined: 05 Apr 2002
Age: 36
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Post Posted: Mon Mar 24, 2008 10:32 am   Post subject: Reply with quote Back to top  

crewsr wrote:
I think the idea behind this rebate is for people to spend it. Putting it into a savings account, paying down debt or some other responsible purpose nullifies the impact on our economy that this is supposed to have. You are supposed to spend it irresponsibly on goods or services. So go be good little consumer and plonk it down on a new HDTV, computer, video game, camera, materials for home improvement etc. How about some chrome wheels for your ride, a new roof for your house or maybe some plane tickets to East Freepingham to visit your inlaws? GW says that this will fix our economy and prevent terrorism, so by golly go out and buy that new Louis Vuitton handbag or that deluxe George Foreman Mean Lean Fat Grillin' Machine. But for god's sake don't blow it on your credit card bills, debt or (heaven forbid) your savings account!



I beg to differ - you have to bear in mind that if I decide to use my "rebate" to pay down debt, that money doesn't just vanish. It doesn't disappear from the system (unless your idea of "savings" is putting it under your mattress at home). The money goes to someone else. If you're paying down your debt to someone (or a company), then that's more money that someone (or company) can then turn around and spend on something else.


Same goes for putting it into a bank savings - the more money put into savings, the more available for the bank to (ultimately) loan our to people, to put back into the economy.

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AngelzRealm
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Joined: 21 Oct 2002
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Location: Palm Bay, FL

Post Posted: Mon Mar 24, 2008 5:19 pm   Post subject: Reply with quote Back to top  

ThunderDawg wrote:
And once you pay off this debt, you won't ever borrow on a casual basis anymore? hmm? That's like waking up with a hangover and swearing you will never drink again.


I have and i haven't. I never want to go through that again.

I'm using mine to pay off some credit cards so I can finally take the income from my job & save it or invest it. Instead of paying interest on the money I spend, which can end up being double the original price. If I do need to use a credit card for an emergency, I have it. But paying down that debt is more important that saving right now. Because I'll end up spending in the end.

No one can tell me what being "patriotic" is. Thats so hypocritical. I have the freedom not to spend it. I've already spent it. The credit card company CEO's can take that petty cash & pump it into the economy.

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Rahhstah
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Joined: 24 Apr 2002
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Post Posted: Mon Mar 24, 2008 5:32 pm   Post subject: Reply with quote Back to top  

I wonder how many jobs would be destroyed if everyone paid off all their revolving credit card debts...

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ThunderDawg
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Post Posted: Mon Mar 24, 2008 10:30 pm   Post subject: Reply with quote Back to top  

Rahhstah wrote:
I wonder how many jobs would be destroyed if everyone paid off all their revolving credit card debts...


Not a single one.

They use that money to mail out new credit offers, with low introductory APRs.

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Pakiii
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Joined: 22 Jul 2002
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Location: KS, USA

Post Posted: Tue Mar 25, 2008 3:40 am   Post subject: Reply with quote Back to top  

Rahhstah wrote:
I wonder how many jobs would be destroyed if everyone paid off all their revolving credit card debts...


In the US, or India?

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thriftyjack
Butt Sniffer
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Joined: 13 Feb 2007
Posts: 1057
Location: split between personalities

Post Posted: Tue Mar 25, 2008 4:52 am   Post subject: Reply with quote Back to top  

Since I have to pay taxes quarterly, I will use mine to pay taxes.
How fucqed is that? Does that mean I don't get one?

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OhioArt2
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Post Posted: Tue Mar 25, 2008 1:13 pm   Post subject: Reply with quote Back to top  

CMTG wrote:
OhioArt2 wrote:
... and 2 crappy cars.


And an awesome van.


yesssss....


I'm going to take my rebate and buy one giant butt-plug and stick it up the world's collective ass.

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ThunderDawg
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Post Posted: Tue Mar 25, 2008 2:33 pm   Post subject: Reply with quote Back to top  

Ms:O, isn't The World anal retentive enough?

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OhioArt2
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Joined: 20 Oct 2000
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Post Posted: Tue Mar 25, 2008 2:39 pm   Post subject: Reply with quote Back to top  

ThunderDawg wrote:
Ms:O, isn't The World anal retentive enough?


Yes.
But it's about tyme I get a turn at the helm.

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OhioArt2
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ThunderDawg
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Post Posted: Tue Mar 25, 2008 6:13 pm   Post subject: Reply with quote Back to top  

I don't know how much this is, but it looks like a good investment Razz


Link


(P.S., watch the whole thing. The 2nd half is twice as fun with two balls)

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T
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Post Posted: Wed Mar 26, 2008 12:12 am   Post subject: Reply with quote Back to top  

ThunderDawg wrote:
I don't know how much this is, but it looks like a good investment Razz


Link


(P.S., watch the whole thing. The 2nd half is twice as fun with two balls)

Was I the only one who wanted to see the dog get pitched down the hall?

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thriftyjack
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Post Posted: Wed Mar 26, 2008 12:13 am   Post subject: Reply with quote Back to top  

I loooooooooooooovvvvvvvvve that! My dogs would love it!

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