House leaders and Treasury Secretary Henry Paulson are meeting today to discuss a stimulus package with a one time rebate at the center of the package. They're estimating that the rebate would be equal to 1% of the nations gross domestic product. A total close to $150 billion dollars.
The rebate would be similar to the $300-$600 rebates handed out in 2001. However this time the rebates would be much larger, in the range of $800-$1600. The main sticking point in the negotiations is who the rebate checks should target. President Bush has said he wants rebates for those who pay income taxes.
Do you think this "shot in the arm" will really help the economy? Or do you think it will just delay the inevitable? If the rebates are approved, what will you do with your money?
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