Constitutional Law

Summary of economic stimulus package

This Q & A, from reader Spiker, is the best I have seen. It sums up the economics concisely:

This year, taxpayers will receive an Economic Stimulus Payment. Here is a brief explanation:

Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.

Q. Where will the government get this money?
A. From taxpayers.

Q. So the government is giving me back my own money?
A. Only part of it.

Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.

Q. But isn't that stimulating the economy of China ?
A. Shut up.

Full post as published by Of Arms and the Law on January 28, 2009 (boomark / email).