Make $87,000. and need $600 to stimulate the economy????????

Or Combined $174,000.~ Do you think someone making that amount of money needs $600 and will they rush right out and spend it?

:shrug:

It's twice that for a married couple, i think. So, if one spouse made $90k and the other made $55k, they'd be eligible. That's what i think i read in the Washington Post on CSPAN this morning.
The Professor

This is the latest figure and it may even go up..

nt

A lot of people in that boat are still overextended. Making that much can mean living above one's means no differently than if one made $30k. Until one is making HUGE money, there seems to be no prevention against living too highly.

Let me give you one example: A cousin of mine is married to a guy in his late 30's. Good job. Probably makes about $90k per year. She does part time work for a travel company. (She'll probably be asked to back full time when the kids get older.)

Anyway, they bought a house about 40 miles north of here for $650,000. Now, i'll admit they don't drive a Mercedes and a Hummer, or anything, just two modest cars, one about 9 years old. So, they haven't gone around the bend there.

But, if they got that $600, i'd bet there's something they've been putting off or a bill that needs to be paid.
The Professor

unemployed. (Hopefully they would have savings with that level of income.)

But if they are unemployed, I'll bet they spend that $600.

Look, i'm eligible, because my wife is retired and no longer has an income. I don't know exactly what i'll do, but i might pay down the loan amount on my wife's car. It's not that big a loan (we paid half down), but still, the faster a loan is repaid, the better.
The Professor

about * and his tax cuts. People were not convinced at all that this would really stimulate the economy. One woman was very skeptical and asked how did politicians think this would help? Then they cut back to the studio where the News-Whore on the air smirked and gave some crack about people getting that money, running out and spending it thus giving the economy a shot in the arm. Standard gop talking points. Naturally no one called her on it.

on NPR, some analyst said that the $300 will give people the help they need to PULL THEMSELVES UP BY THEIR BOOTSTRAPS!

:rofl:

And yes, I would rush right out and spend it on frivolous things like rent and groceries.

$600 is about 25% of my mortgage payment, so it is certainly not going to stimulate my economy.

Want to stimulate the economy? Give people enough money to make their houses energy-efficient or buy a new high-mileage car.

who need all of it to pay for their kids in college, etc.

75k in Los Angeles is NOT a lot of money.

I live in LA and 87 K is pretty good but not super duper.

Personally making over that amount I feel a little screwed. Oh well not getting it makes my taxes easier to figure out come next year.

bu$hco can keep their advance scam check!

it's about bush running out the clock before the diarrhea hits the ventilation system