Friday, December 5, 2008

10k rebate to everyone

seems like a good idea until you realize that if the government decides to a huge "fiscal stimulus" plan that gives each taxpayer ten thousand dollar checks they have just signaled how dire the situation really is and how little of an amount 10k really is as well.  if your pension plan loses 10k a week, how is a relatively small check helping the average worker, never mind how much of a difference it makes to those who have not paid taxes for years because they have not had jobs so will not get the check even though they need it most. then, some do not have pension funds saved, some have lost it all this year.  what is 10k going to do for you?

i have to stop watching bloomberg and cnbc. 

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