Given the continued shock of the US economy the government is working on passing quickly and economic stimulus package. They really want you to go out and buy something with it is quick, to stimulate the economy.
The plan runs from a GOP led effort to be $800/$1600 for singles and couples respectively or the current Dem thinking of $500 per tax paying person. There are also cuts to business taxes as well as increases in welfare, Medicaid and unemployment benefits. This is being fast-track to pass within the next three week, with checks to follow fairly soon afterward.
For us, it would be nice! Although we will disappoint the government in their effort to glue our credit cards back together. Ours is going right to debt, if it happens. It would get us close to paying off Snowball debt #6!
On top of that I can see the prime lending rate continue to fall for awhile. The housing issue is big with a ton of inventory on the market, and what buyers there are, looking for the bottom before buying.
What about you? Any plans for you potential rebate check? It would go a long way towards an Emergency Fund if you haven't established one yet!
