Last night after attending a book reading by Salman Rushdie, we got back home to find a nice surprise in the mail: A stimulus check from the US Government for $1200. For those that have been living under a rock for the past six months, the stimulus check was approved by Congress earlier this year in response to the sub-prime mortgage debacle. It is being paid to U.S. taxpayers in 2008 to stimulate "purchasing", and thus improve the economy that is heading towards recession. Here is what Wikipedia says about it:
Most taxpayers below the income limit will receive a rebate of at least $300 per person ($600 for married couples filing jointly). Eligible taxpayers will receive, along with their individual payment, $300 per dependent child under the age of 17. The payment will be equal to the payer’s net income tax liability, but will not exceed $600 (for a single person) or $1200 (married couple filing jointly).
We have been waiting for this check for months and it is finally here. Part of me did not want to believe it. The idea of a government paying you that much money in exchange for nothing seemed, well, too good to be true. This was definitely a first for me and I loved it. So, what are we going to do with the money now? Spend it wisely!