economics

On the New Economic “Incentive” Program

The new economic ‘incentive’ program comes mostly in the form of checks for all but a few people. These checks are rebates on your income taxes. What this means is, due to receiving these checks, you will either receive a smaller rebate next year or you will owe more money to the federal government come tax time. Based on this, here are my suggestions on what to do with the money:

  1. Stick it in a savings account – This will ensure that you have the money come tax time next year. It will also help the economy by giving banks more money to make loans with. What, you don’t think the money in savings accounts just sits there and magically makes more money do you? The banks use their savings programs to provide money for loans. The difference between the interest you earn and they charge is what they use to run the bank and pay profits to their investors.
  2. Pay off bills – This will put you in a better financial position and give lending institutions more money to loan others. Again, this will stimulate the economy while helping yourself.
  3. Buy firearms and/or ammo – The vast majority of firearms and ammunition sold in the usa are made here. Try to make sure that anything buy is actually made here. An example of a firearm not made in the USA is the Springfield Armory line of XD pistols. They are actually made in Croatia. AR15s would be a good investment. As far as I know, there are no AR15s sold in the USA that are not made in the USA. This option allows you to celebrate your Second Amendment rights and help keep manufacturing jobs in the USA.