Where should citizens spend money to help the stimulus work, based on differening levels of income?
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M$2 Answers
The best place to get information about the Stimulus would be Recovery.gov
http://www.recovery.gov/ the government website.
My suggestion would be to pay off any bills you have, then with what you have left over purchase something that helps out people in your community.
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M$
The person who sells their shares to you can go spend it at the grocery. We are only as strong together, as the people individually. Your son makes little more than a bulldozer operator. Let him live his own life.
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M$
Interesting.. I see where your coming from, but I think what is often forgotten when paying bills is that money goes back in the pockets of companies that could potentially be having trouble during the crisis. If you make some car payments or bank loan payments that is money that goes towards institutions that are having huge problems right now. Imagine if every American paid off any debt they had with the banks, I think they wouldn't need as much money from the government?
Either way, I think the any money received from the gov. should be spent and not stuffed under a mattress somewhere
Thank you for your answer, the components of which I agree with , but not the order.
I would think that helping to recirculate money in the economy by spending it to "help people out" in your community FIRST would help the broader stimulus succeed.
Personal bills then could be paid with what is left over, the logic here being that the sum of money you have to expend on bills will not be enough anyway.
Paying bills and saving money, as admirable as that may be, is still an 'inward' action that does not stimulate the general economy to any large degree. This crisis calls for aggregate actions of 'outward' stimulus to be really successful.