Stimulated? Its rebate time! I haven’t talked much about our economic stimulus package and won’t here either. There are plenty of arguments why its a terrible idea and why its a good idea. Its not worth debating, its coming and there’s nothing you can do about it. To be perfectly honest, the best thing for the economy would be to cash your check and burn the money. The net effect is an increase in the value of the dollar. But you’re not going to do and I sure as hell ain’t.

I say this because of inflation. That $600 is worthless. Inflation is likely going to be the big concern for the second half of 2008. My advice, spend it all now because savings rates are lower than inflation right now. Pay down some debt, buy something. I don’t care. Just do it now.

But who gets a rebate? If you read personal finance blogs you likely qualify for a rebate. What I’m saying is you aren’t rich, and you make your own money. You read PF blogs because you want to know more about how to handle those precious pennies you get every paycheck.

What is the rebate expected to be spent on? Likely many people will pay down a bit of debt. But be realistic, we were the retards that had out of control spending problems in the past. Are we really going to be responsible with this new money? Its going to be spent on gas, groceries, cigarettes and beer. Its the American way. Sorry Canadians, no loonies for you.

Good details about the rebate and when you can expect yours can be found here. I grabbed the official page on the rebate from the IRS page as well.

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