So a few of us were joking around while chatting about our Titanic Economy, and the subject of the Stimulus came up. It was pointed out that one of the main 'plans' for that money was for us consumers to go out and buy a big screen TV or a new washer and dryer or something, and thereby boost the economy through retail spending.
What really happened though is most of the American people put the money towards existing debt, or paying their taxes, or they just put it in the bank. Not such a big help for the 'plan' of boosting consumer spending.
So we were joking that perhaps the government should just buy everyone a big screen TV for the next stimulus package. That led me to write a letter to my senator. Here's what it said...
To my Government Representative,
Here's a thought for the next economic stimulus. It is my understanding that the stimulus checks were supposed to boost consumer spending amongst other things. The last stimulus package didn't work out so well since most of us used the money to pay down debt or, in my case, pay my taxes.
What if this stimulus package was given out in the form of something akin to a gift card or gift certificate? Redeemable at any retail store, the stimulus recipient could 'pay' with the card and the retailer would then submit the bill to the treasury. This way the money goes to actually boosting spending instead of being tucked away for the economic hurricane to come. The cards would only go to the taxpayers who pay in anyway, much like the last stimulus. So the Republicans shouldn't have any "spread the wealth" issues. And the consumers would be literally forced to buy something retail, thus boosting the local economy and such.
Best of all, if someone fails to use their stimulus card within, say, six months, the money reverts to the treasury thereby saving taxpayers the cost of paying it out in the first place.
Just a thought.
Thanks for your work and your service to our state.
John the Paramedic
So, whaddya think? I almost threw in as an aside something like "Or you could just buy everyone in the country round trip tickets to Hawaii." But thought better of it.
How will you 'spend' your next stimulus check?