The Stimulus Check Scam
-
- June
- 12
I recently received my $1,200 economic stimulus check from Uncle Sam—and boy I can hardly wait to pay my bills with it.
George Bush wants Americans to plow the federal rebate money back into the economy by buying junk at the mall, but most working people are more likely to pay down their debt, and the rich—well, they’ll put in their savings accounts.
We’re going to talk about this and other topics today on “High Noon,” my WVOX radio program, which airs at 12 noon, of course. QUESTION OF THE DAY: What do you plan to do with your rebate check.
Join the conversation by tuning in at 1460 AM or listen on line at wvox.com. Calls will be taken at 914-636-0110.
UPDATE: Here, a few days late, is the podcast recording:
This entry was posted
on Thursday, June 12th, 2008 at 10:39 am by Phil Reisman.
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Phil Reisman is a veteran journalist and native of Westchester County. He began his career in 1977 as the head copy boy of a startup New York City newspaper that quickly went belly up. Reisman was not to blame for the newspaper's failure, or so he claims.
The rich can't put their stimulus checks in their bank accounts because they're not getting stimulus checks.
In any case, paying down bills now leads to a better foundation for greater prosperity later. This whole craze of using debt to feed our need for instant gratification has to come to an end.