Congress and the president announced that they will be giving us back $150 billion of our money in $600 increments, though it may take a little longer to get the money than you think. The pols are hailing the move as a sign that they can work together and will do what it takes to avoid a recession.
Where's are the $150 billion in cuts in government spending to help pay for this? What, there aren't any? Hm...so, we're giving ourselves this money that we'll have to borrow at least part of (assuming that some finds its way back to the treasury in the form of income taxes) to pay back. Yet, paying the interest on this loan takes even more money out of our economy, hence making another recession (or prolonging this one) more likely. Sheesh.
Both parties love to increase the size of the government. Sometimes the democrats want additional taxes to pay for it and the republicans never do. In this case they are keeping the size of government the same, but allocating less money to pay for it. If you were behind in your bills, would you give your kids more money even though you didn't get a raise? Probably not because if you did the interest on your credit cards would make it impossible for you to ever get your bills paid. Obviously, people in D.C. don't have this problem.
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