A MODEST PROPOSAL
Max Keiser: Your ’stimulus’ check will cost you more than it’s worth
By Max Keiser
Huffington Post
Sunday, April 27, 2008
http://www.huffingtonpost.com/max-keiser/why-you-shouldnt-spend-yo_b_988…
I’ll explain two reasons why you Americans should not spend your economic stimulus check: the first applies to people who work regular jobs for wages, the second applies to people who work in investment banks for bonuses.
If you work for wages (or live on a pension), consider this: If every American said “No, thank you” to President Bush’s stimulus check and refused to cash them, the value of the dollars in your pocket right now, in terms of their purchasing power would go up by a factor greater than the face value ($600) of the stimulus check. In other words, if you didn’t spend these checks, you’d be the richer for it.
