The New York Times has a very interesting article about stimulus checks being handed out all over the U.S. The house in Washington is deciding on how much money they should 'give' to everyone depending on their situation. There have been many decisions already made, but still yet have many more to come. The senate has most of this on his shoulders. The senate has cut $40 billion of that aid from its bill which is expected to be approved on Tuesday. A situation has arose between democrats and republicans. From the article I received information on the democrats strongly for this bill, and republicans straying away from the stimulus plan. Although most republicans are against the stimulus plan, the senate has stated that they don't have enough votes to count and the voting will take place on Saturday.
This stimulus plan is suppose to be helping families in the low, middle and upper classes become familar with their money situtations. Though alot of people are in debt and have declared bankruptcy's, this stimulus plan from President Obama, is suppose to HELP the ones get out of debt and to help pay off personal belongings to help them live a much happier life and to become debt free.
In my opinion, money is always a good thing. But when you have to pay taxes on it--you are going to look at the situation in a whole nother perspective. But for me, I feel that if Obama is willing, at least I should try. I dont have any debt but I will use this money wisely and help my family have what they need.
Link:
http://www.nytimes.com/2009/02/08/us/politics/08stimulus.html?_r=1&hp
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I am still not competly decided, (even though the bill has already passed) if the passing out more money will really help out the situation. The idea of passing out the money was for people to spend money to help out business. In all reality, I believe when people are going to get the money, it will go pay their bills. Not spending on extravagance items or invest the money.
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