Stimulus measures that may help your wallet

[Buckalew11]

I think the car and home credit is for people who aren't that badly effected by the economy, to encourage their purchase of a car or home to help those industries. We may take advantage of the car credit this year -- we will need a new car within the next few years so this may be the time to get one.

I agree that the 300.00 for elderly is wasteful. I know my dh's parents and grandparents don't need it.

Thanks for answering me. At this point, we are ones who could also afford to purchase a new car. However, I don't have a car payment right now and would like to stay that way. I've sadly had my share of car payment books through the years. Right now, I'm scared of spending $$. I spoke to an older lady who wants a new car but is afraid to go out and buy one. She's in great shape financially but she's old enough to remember hard times and I think that is what is scaring her.

I'm supposed to be selling my house and building this year. That has me very scared even though I know I know it will put a lot of people to work. Not a good time to sell a house either...

 

[MarkBarbieri]

I'm not opposed to measures targeted at the truly needy and structured to help them transition back to the economic mainstream. A lot of what I see in the bill doesn't fall into that category. A lot of this is just borrowing from the future to pay ourselves extra today.

Every dollar that we spend on this stimulus package is a dollar that we'll have to pay back with interest. Every dollar that we borrow will drive up interest rates, making houses and cars less affordable and credit card debt more burdensome. This will increase our foreign debt, making us more vulnerable to economic choices of our lenders (particularly the Chinese and Japanese).

I don't want to see anyone go hungry or live on the streets. I also don't want to spend the rest of my life paying for the profligate spending of a congress that seems unconcerned about our future debt burden.

For an example of what can happen, look at Japan in the 1990's. They tried to "stimulate" their economy with massive public borrowing and spending. There economy didn't grow very quickly but their debt sure did. The US debt is about 75% of our national income. The Japanese now owe almost double their national income. If we continue down the path of throwing money at every vaguely reasonable sounding idea that every congressman has and calling it "stimulus", we'll all pay for it in the long run with a much lower standard of living.

 

[NYDisGuy]

College students have been screwed over hard since Bush. Not only do we have Army recuriters in our college every second trying to get us to drop out and go to Iraq, but we have thousands apon thousands of debt held by Citibank because colleges are like business and are raising their prices 10% a year. Citibank is raising the interest on those loans since they are losing money with housing. Not only that, since no company will take someone without experience, we are forced to work two dead end retail jobs just to keep up with the interest payments. Then when we get out of college we are looked at like mcdonalds workers because we have no professional experience, so we are forced to do admin work or re-intern just to have a shot. And to top it off we were passed over for Bush's stimulus checks. Oh, but we must be freeloaders!

 

[minnie61650]

It sounds like this is mainly a huge welfare package.


<SNIP>
Temporary credit for car buyers: The bill would let those who buy a car in 2009 deduct the interest they pay on their car loan as well as the sales tax charged in the purchase. The full deduction would be available to those earning less than $125,000 ($250,000 for joint filers). Estimated cost: $11 billion.HUH? You're broke but go out and buy a car and we'll give you a tax credit?

Temporary credit for home buyers: The bill doubles the size of an existing temporary home buyer credit to $15,000. It also would allow all home buyers to claim it. And it removes the requirement under current law that the credit be paid back. Estimated cost: $39 billion. See the car response<SNIP>

Why would you say people are broke if they are earning just under $125,000 for a single person or just under $250,00o for a couple?

I guess your idea of broke and my idea of broke are different.


Also there are a lot of good deals on homes right now for those who are in the market.

A $15,000 tax credit may be a good incentive to sell off some of those excess homes before they go into forcloser.

Oneof my DS's is thinking about trading up and one of DD's may be in the marketfor a first home.

 

[DisneyBamaFan]

I guess you and I just have a fundamental moral disagreement then.

I find it morally reprehensible that in a country with such an abundant amount of wealth anyone is forced to live under a piece of newspaper and the government *can* help them, but *won't*. ..

Then you just do not understand this world that we live in, or the conditions that our soldiers face when they willingly go into combat for you. If they can do that, by the millions, for you, how is it so "morally reprehensible"?

People who think that the government owes them a comfortable life disgust me. I fought in conditions that you cannot imagine, and our soldiers fight today in conditions that you cannot imagine, and all you can think of is creature comforts? Is there a puke emoticon?

 

[DisneyBamaFan]

College students have been screwed over hard since Bush. Not only do we have Army recuriters in our college every second trying to get us to drop out and go to Iraq, but we have thousands apon thousands of debt held by Citibank because colleges are like business and are raising their prices 10% a year. Citibank is raising the interest on those loans since they are losing money with housing. Not only that, since no company will take someone without experience, we are forced to work two dead end retail jobs just to keep up with the interest payments. Then when we get out of college we are looked at like mcdonalds workers because we have no professional experience, so we are forced to do admin work or re-intern just to have a shot. And to top it off we were passed over for Bush's stimulus checks. Oh, but we must be freeloaders!

Welcome to the real world. I bled for my country so I could afford to go to college. It also provided that experience that you cry about...

 

[wvjules]

Why would you say people are broke if they are earning just under $125,000 for a single person or just under $250,00o for a couple?

I guess your idea of broke and my idea of broke are different.


Also there are a lot of good deals on homes right now for those who are in the market.

A $15,000 tax credit may be a good incentive to sell off some of those excess homes before they go into forcloser.

Oneof my DS's is thinking about trading up and one of DD's may be in the marketfor a first home.

I don't think those making that much money are broke. I'm suggesting that those that can't afford a new car will do so now b/c of that tax credit. Those less likely to afford will buy.

 

[minnie61650]

Isn't that normal for a young married couple?

It was for us.

 

[xoprincessmomxo]

Then you just do not understand this world that we live in, or the conditions that our soldiers face when they willingly go into combat for you. If they can do that, by the millions, for you, how is it so "morally reprehensible"?

People who think that the government owes them a comfortable life disgust me. I fought in conditions that you cannot imagine, and our soldiers fight today in conditions that you cannot imagine, and all you can think of is creature comforts? Is there a puke emoticon?

Creature comforts? Shelter, food, clothing??? Creature comforts?

What were you fighting for if it was not the people your country is made from?

 

[NYDisGuy]

Welcome to the real world. I bled for my country so I could afford to go to college. It also provided that experience that you cry about...

That was YOUR choice. No one put a gun in your hands. Don't come here and try to rub that in my face, because it sure won't work.

 

[Hoodie]

College students have been screwed over hard since Bush. Not only do we have Army recuriters in our college every second trying to get us to drop out and go to Iraq, but we have thousands apon thousands of debt held by Citibank because colleges are like business and are raising their prices 10% a year. Citibank is raising the interest on those loans since they are losing money with housing. Not only that, since no company will take someone without experience, we are forced to work two dead end retail jobs just to keep up with the interest payments. Then when we get out of college we are looked at like mcdonalds workers because we have no professional experience, so we are forced to do admin work or re-intern just to have a shot. And to top it off we were passed over for Bush's stimulus checks. Oh, but we must be freeloaders!

Hate to break it to you, but stuff like that has been happening for much longer than that. It's called graduation. It took me well over a year to find a professional job after I graduated and that was during Clinton.

 

[DisneyBamaFan]

That was YOUR choice. No one put a gun in your hands. Don't come here and try to rub that in my face, because it sure won't work.

And your struggles are a result of YOUR choices. No one is screwing you. There are options out there. Even with my college fund, I still owe over $10k in student loans, and I haven't taken a class in over 12 years...

 

[DisneyBamaFan]

Creature comforts? Shelter, food, clothing??? Creature comforts?

What were you fighting for if it was not the people your country is made from?

Freedom - Certainly not the right for Americans to suck from the government...

 

[NYDisGuy]

Hate to break it to you, but stuff like that has been happening for much longer than that. It's called graduation. It took me well over a year to find a professional job after I graduated and that was during Clinton.

Good for you, theres many others who are on three years and can't find a stable job, and when they do their department is laid off. And my point was how we are considered free loaders by some people in this thread if we god forbid got a tax break on a house. Do you know how many college grads are moving out of their state because they can't afford to live? This issue is huge in the New York/New Jersey metro area.

 

[ROIE01581]

All I can say is "thank you" All the programs will help me and my adult children. Its about time! We can use all of these packages and I will make sure everyone in my family is in line to get them.

Thanks again.

 

[Mr Man]

Welcome to the real world. I bled for my country so I could afford to go to college. It also provided that experience that you cry about...

Hear Hear! & Thanks for your service too.

....and to the previous poster......in the real world, Govt will always pick your pocket......and take your money to fund all kinds of nonsense...... this current group of jokers is trying to steal our pants too!

Just remember, the harder you work & the more you make, the more govt. will take away from you. Welcome. to. the. real. world


I am effectively done debating this stimulus. It is a done deal.....and an albatross hanging around Democrat necks.

They own it.

I am just here to remind them of their "prize".

 

[Hoodie]

Good for you, theres many others who are on three years and can't find a stable job, and when they do their department is laid off. And my point was how we are considered free loaders by some people in this thread if we god forbid got a tax break on a house. Do you know how many college grads are moving out of their state because they can't afford to live? This issue is huge in the New York/New Jersey metro area.

It's a problem in all Northeast Metro Areas. Boston, New York, DC - none can keep their graduates due to cost of living. However, the federal gov't won't fix that and this bill won't fix that. You have to go where the jobs are, whether that's where you want to be or not. I graduated from a school in Philly and really wanted to stay there, but the area was going through it's own recession in the mid-90's. I had to move back in with my parents in Boston and find a job there. It took me almost a decade to go back to the mid-Atlantic where I actually wanted to be, in a job that was actually a decent one.

Life isn't handed to you on a silver platter.

btw - if you can't find a job, how can you afford the house?

 

[wvjules]

All I can say is "thank you" All the programs will help me and my adult children. Its about time! We can use all of these packages and I will make sure everyone in my family is in line to get them.

Thanks again.

ALL of them will help you?

If you are unemployed and have no health insurance are you seriously going to be going out ot buy a new car and house b/c of the associated tax break you won't get until NEXT year?

 

[DisneyBamaFan]

Good for you, theres many others who are on three years and can't find a stable job, and when they do their department is laid off. And my point was how we are considered free loaders by some people in this thread if we god forbid got a tax break on a house.

To be clear, I consider very few people to be "free loaders". If you are going to college, you will get your chance to pay back Uncle Sam for this pittance - in spades. Just wait and see.

Do you know how many college grads are moving out of their state because they can't afford to live? This issue is huge in the New York/New Jersey metro area.

We left LI almost 5 years ago. We moved all the way out here (by the PA border) to escape that lifestyle. I still pay over $12k/yr in property taxes though, and I don't live in a McMansion.

 

[TooBoyz4us]

Hmmmm, the only thing that will help us is the first topic listed.
And the $300 payment will help my aging mother and in-laws.
Thats it.