2008 Woodie Awards
Free Money? I'll take some
Ashley Gilmer
Issue date: 4/4/08 Section: Forum
A recession occurs when Gross Domestic Product (GDP) growth is negative for two or more consecutive quarters in a year. Economists note that employment rates fall, housing prices decrease, and business growth stops or slows dramatically during a recession. Sounds like everyday news to me. Nevertheless, the Commerce Department, which keeps track of the GDP reported small but positive growth for the last quarter of 2007.
The Treasury Department is unsure how much the stimulus package will cost. This is surprising and a little scary, since the country already has a huge national debt.
On March 31, the department reported that debt as $9,437,594,138,091.39. If that amount was equally divided amongst the population of Greensboro (237,316), everyone in the city would be a millionaire to the tune of about $ 40 million each.
But why count the money now?
The government has invested huge amounts of money in things that haven't helped the average American see relief (e.g. the War in Iraq and the Bear Stearns bailout). When it decides that helping those who really need it can actually stimulate the economy, I say go for it.
The checks will begin to reach mailboxes sometime in May. All that taxpayers must do is file their tax returns, and the government will automatically review them to determine eligibility. As I mentioned before, dependent students are not able to benefit directly, but keep in mind that your parents will likely have some extra mad money (so give mom a call).
Happy spending! (If you are eligible.)
The Treasury Department is unsure how much the stimulus package will cost. This is surprising and a little scary, since the country already has a huge national debt.
On March 31, the department reported that debt as $9,437,594,138,091.39. If that amount was equally divided amongst the population of Greensboro (237,316), everyone in the city would be a millionaire to the tune of about $ 40 million each.
But why count the money now?
The government has invested huge amounts of money in things that haven't helped the average American see relief (e.g. the War in Iraq and the Bear Stearns bailout). When it decides that helping those who really need it can actually stimulate the economy, I say go for it.
The checks will begin to reach mailboxes sometime in May. All that taxpayers must do is file their tax returns, and the government will automatically review them to determine eligibility. As I mentioned before, dependent students are not able to benefit directly, but keep in mind that your parents will likely have some extra mad money (so give mom a call).
Happy spending! (If you are eligible.)
Viewing Comments 1 - 1 of 1
Chamika
posted 4/15/08 @ 2:22 AM EST
I'm making good money with mining and skinning. For a stack of 20 copper bars i can make 1g easy. And copper veins are plentiful, so the money rolls in nicely. (Continued…)
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