President Bush and Congress seem to think that throwing money at Americans is the best way to avoid a recession. This might work for the short term, but in the long run it is no solution. This idea was tried in 2001 with mixed results. Yes, it seemed to stop an upcoming recession, but did it was also attached to a future tax cut. Americans believed that this would be just one step in increasing their income and they were right.

This new plan will not have the same effect. There is no promise of future relief only a quick payout, which, by the way, will only be given to those Americans making under $150,000. Unfortunately, the Federal Government does not take into account WHERE you live in America. For instance, I live in New Jersey. If my salary is $150,000 here, I would only need to make $112,000 in Huntsville, Alabama and maintain my style of living. If you live in one of the high cost of living metropolitan areas, you are just out of luck.

If I did get a tax rebate, I certainly am not going to go hog wild and spend it. Most Americans will probably use some to pay down existing debt. We have certainly not learned to live within our means (look at the mortgage crisis) and giving a tax rebate will not solve that problem.

A few Americans will save the money, which is the best idea of all, but does not help the economy in the least. A wise American will put the tax rebate in a interest bearing account and save it for their or their children’s future or for when times really start to get hard.

Both the Federal Government and the American people need to learn to start spending wisely. The huge screen TV and stereo system will do you no good if you can’t afford basic necessities. And if the Federal Government can’t get their house in order, we will see such a de-valued dollar that our money will be worthless any way.