by patience » Tue 11 Nov 2008, 18:42:05
Not being an accountant myself, I can't understand labels on money, so if the govt took money from me in taxes (thievery), then it is MY money if they decide to give some back, albeit, somewhat devalued.
You can bet I will spend any forthcoming stimulus check just like I spent the last one--on preps. The sooner the better, too, before they can dilute the currency any worse than it is now. I didn't make this mess, I know TPTB are doing all the wrong things, and I have no say in the matter, not even having a real choice in elections. (Dumb and Dumber.) Therefore, what comes to me legally, I will use to my best advantage, which is usually the opposite of what official "policies", like govt fiscal and monetary policies, try to motivate me to do, that is, save or spend. My personal best interest is always not what they want the herd to do.
In the case of a stimulus check, they want you to spend it to spark the economy, so the best use would be to SAVE the money for future use. Saving cash, in this case, in the face of powerful inflation just ahead, would be foolish due to the lost buying power. Therefore, by spending it on future NEEDS, I am actually saving those GOODS for a rainy day, against future need for cash.
Local fix-it guy..