The economic stimulus checks are coming to you and to me. In fact to everyone that filed a tax return. This is not a tax break. You get it even if you didn't actually pay any taxes. In fact I get more because I have three kids. Now more money is hard to say no to and I don't plan on sending it back.
But, how is this supposed to stimulate the economy? The economic woes we have are because we spend more money than we have. That is the core of the problem, not that we are short a thousand bucks. It is too easy to get credit. I get credit card applications that are preapproved every day and when we bought our house they told us that we could get a loan for over 200,000 with only pennies on the dollar down.
If I ran my personal finances this way it would be equivalent to taking out extra credit cards every time that my car broke down. I guess under a consumption economic model it is best if we all drive new cars, buy new houses, eat off of paper plates, drink bottled water, soda, and eat out every meal. Gee fun, but really expensive.
I think that the answer to our economic troubles is to change the consumer economy to a sustainable economy where consumption is balanced by production. I think we should be discussing how to get America out of debt and how to get consumers saving money not spending it. I think that increased federal debt is a bad idea by the same logic. Tax cuts during a time of war seemed just as bad of an idea. We need to live more frugally, spend less, use less, and produce more.
We are so rich, yet we don't ever have enough. We are consumption addicts and we need to stop. There is enough and to spare, but only if we are not resource gluttons.