Let's Stimulate Kentucky's Economy

[bluesbassdad]

Today my wife announced that she has plans for "her" half of the rebate we expect to receive in a few months. I confessed that I want for nothing right now -- at least nothing I could buy for such a trifling amount of money.

However, it occurred to me that some members here might use their rebates to buy one or more top-shelf bottlings that don't normally fit the budget.

How about it guys and gals? Do any of you have plans to add the BTAC to your collection? Or to bunker a case of Van Winkle 15 y/o or the like?

Yours truly,
Dave Morefield

[OscarV]

Four times a year I pre-pay my estimated income tax so I'll just be sending it back where it came from.

[bluesbassdad]

But won't that leave an embarrassing surplus in your cash account?

(I admit it; I'm gullible in regard to macro economics. I still have my WIN button from the Ford administration.)

Yours truly,
Dave Morefield

[dcb]

I think our refunds are going towards the principal of our car loan and mortgage. so much for saving the economy..

[bluesbassdad]

In a macro sense your action will contribute in a tiny way to the alleged purpose of the rebate.

All else being equal (or ceteris paribus, as the ecomomists like to say), people with less debt will consume more.

Paraphrasing what the Chairman of GM once told the U.S. Senate, "What's good for dcb is good for the country."

I think I'll have a tiny drink and see whether it helps me make sense of what I just wrote.

Yours truly,
Dave Morefield

[TNbourbon]

Well, my bottom line regarding the rebates: if we leave the money in Washington, it'll get spent anyway. I figure I can spend it better than they can. As for the general economy, I don't think it'll have much effect. Better to quit 'printing money', which has been going on in overdrive for about 15 years now.

[bluesbassdad]

Tim,

What worries me is that it will get spent anyway; there will be no dollar-for-dollar reduction in federal spending, IOW.

I guess that's what you mean by "printing money", eh?

I'm afraid conditions are right for another Carter-style stagflation. Right now the Fed is lowering interest rates like madmen, but many financial institutions are too scared to loan money at any interest rate 'cause they don't know how to value housing loans and the derivative securities based on them. In short they don't know whether their assets, valued at today's market, exceed liabilities. If not, they are technically insolvent.

Yours truly,
Dave Morefield

[Special Reserve]

I'm always willing to bunker a couple of PVW15s, but I'd much sooner see the government do something else such as invest in the failing infrastructure of this country.

[shyster512]

What if the Feds bought all of us whiskey instead of rebates? Sounds like that may be the answer.

[dcb]

What if the Feds bought all of us whiskey instead of rebates?

good idea, that would certainly help with the "depression", right? (well it would for me )
-dave