Stimulus check

[JC Viper]

Despite paying a lot in taxes for my income last year I do not get a refund or stimulus check.

That is because since I'm a college student and my tuition is coming out of a state savings account I am still a dependent on the stupid tax forms. This means my parents do not get extra money and I don't see a dime of the stimulus plan. I feel like the government just stole a lot from a hard working student and most likely not the only one.

The sad thing is that college students tend to use money on domestic goods which should be good for the economy since that's what the checks are for right? Plus many students who have jobs are struggling just as much as the working class adults so it makes no sense. Meanwhile we are bailing out the people who cannot afford their mortgages who knew they couldn't afford a new home outright. And health insurance is getting too expensive.

And don't tell me if I don't like it leave because I cannot afford to leave yet but I will when I can if it makes sense economically. Voting doesn't work all that well either.

[koji52]

Despite paying a lot in taxes for my income last year I do not get a refund or stimulus check.

That is because since I'm a college student and my tuition is coming out of a state savings account I am still a dependent on the stupid tax forms. This means my parents do not get extra money and I don't see a dime of the stimulus plan. I feel like the government just stole a lot from a hard working student and most likely not the only one.

The sad thing is that college students tend to use money on domestic goods which should be good for the economy since that's what the checks are for right? Plus many students who have jobs are struggling just as much as the working class adults so it makes no sense. Meanwhile we are bailing out the people who cannot afford their mortgages who knew they couldn't afford a new home outright. And health insurance is getting too expensive.

And don't tell me if I don't like it leave because I cannot afford to leave yet but I will when I can if it makes sense economically. Voting doesn't work all that well either.

If you're claimed as a dependent under your parents and you're a college student, they are gaining a much larger deduction than your $600 stimulus check. Believe me, i was in the same boat last year and am not getting that check. If you did not recieve a refund on your tax return, then you paid the correct amount of taxes in 2007 which is a good thing.

My stance on the entire mortgage crisis faults two groups of people: the consumers who took out mortgages that they wouldn't be able to afford and the lending practices of the banks that wrote those mortgages. However, I think there should be much more fault put on the banks rather than on the individual consumers. Everyone who took out an ARM thought that, when the rate adjusted higher, they'd refinance to a lower fixed rate. It was a means to owning a home rather than renting. Who would not rather own than rent? With the way the economy had been before 2007, money was plentiful, so loans could be obtained easily. The reasoning was all well and good, but no one saw the subsequent credit crunch and now they're screwed. On the other hand, when you're a bank, you don't make loans assuming that they'll be paid back early via a refinancing action. The loans they issue are investments. Each subprime borrower being approved had his/her credit score entered into a complex computer program which spit out the required rate of return for the bank. These subprime loans are high-risk, higher-yield forms of debt. It's just plain bad investment practice to hold such a high amount of high-risk investments, especially when the greatest losses have been incurred by the giant publicly traded banks. Almost everyone loses in that scenario: the borrowers, the investors in the banks, the investors in securitized sub-prime loans and the banks. I feel that the bread crumb trail leads all the way back to the bank though. So before the government goes and bails out all these financial institutions after billions and billions in write-offs, which it has, it should be helping those borrowers drowning in their high interest mortgages.

The whole stimulus plan is a ridiculous idea. The economy will stall: it's cyclical. Whether the public spends $10 billion today won't change what it spends after it uses that $600. That's my .02

[ofblong]

just about everyone I know has used most of their stimuli checks to pay down debt. I still havent got mine and I was supposed to have had it friday.

[Shorts]

...back to the OP...


Stimulation deposited! Hmm, I can see how that phrase will be misused...

The check was deposited.

[Brackstone]

Just got my check yesterday.

[ofblong]

Got mine today. spent just shy of half on my sw tank and the rest went to pay down debt.

[matthew5656]

still haven't found mine in the mail. i've been waiting for what seems like forever now.

excuse me a minute while i exit the room to spit random profanity and further disgrace the government.

[pigsbladder]

I bought the Garmin Zumo 550 motorcycle GPS ^_^ thanks government.