The Economic Stimulus Act of 2008

Marguerite DaisyI just received a letter from the IRS, and I must confess that I dread receiving mail of any kind from the IRS, if you know what I mean. So, this time it turned out to be a special message from the IRS about the Economic Stimulus Act of 2008 in which Americans will receive a check for a certain amount, depending on whether you’re married or not, and whether or not you have children.

The Economic Stimulus Act of 2008

Starting in May, the Treasury will begin sending economic stimulus payments to more than 130 million households. To receive a payment, taxpayers must have a valid Social Security number, $3,000 of income and file a 2007 federal tax return. IRS will take care of the rest. Eligible people will receive up to $600 ($1,200 for married couples), and parents will receive an additional $300 for each eligible child younger than 17.

Okay, I think this is a fine idea. Though, it’s a bit of a shame that our government has to send Americans checks so that they can spend them and help boost the floundering economy.

People are losing their homes because of the mortgage crisis. The price of gasoline continues to rise toward $4.00 a gallon. And everyone I know is striving to live more frugally, and trying to save money. Well, if you’re fortunate enough to be rich, and vacations and world travel are not a problem… they yes, consider yourself fortunate, and spend more so that you can help boost the floundering economy.

But for those of us who are struggling… the current economic problems are a harsh reality. I’m not afraid to say that I’ve always been struggling my whole life.

Yet, I’m an optimist. Somehow, I’ve always gotten by. And the economy always bounces back. But, as I grow older and wiser, I DO embrace living more frugally, and not get caught up in all that consumerist activity. I mean, I don’t need the latest car or the latest gadget or the newest computer… if money weren’t an issue then sure, no problem. But, as I get older, I’m learning to get by on less…

…less is more.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and Amazon.com.

3 thoughts on “The Economic Stimulus Act of 2008

  • Wednesday March 26, 2008 at 7:15 pm
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    We too received an ominous looking letter from the IRS and it also said we’d be getting a check in May. With gas prices so high, I am trying to work one day a week from home. I am about 50 miles from home and my car gets about 23 MPG so that is close to $14.50 per day. OUCH! Then there is the daily toll charge of about $6.00 so, it is true, it takes money to make money! 😉 I am very fortunate to have a great job now, with benefits!!

  • Wednesday March 26, 2008 at 11:15 am
    Permalink

    We too received an ominous looking letter from the IRS and it also said we’d be getting a check in May. With gas prices so high, I am trying to work one day a week from home. I am about 50 miles from home and my car gets about 23 MPG so that is close to $14.50 per day. OUCH! Then there is the daily toll charge of about $6.00 so, it is true, it takes money to make money! 😉 I am very fortunate to have a great job now, with benefits!!

  • Pingback:In My Mind’s Zen Garden | Soaring Gas Prices

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