Crescent City Times

Stimulus Checks: Whether you want then or not will effect you, short term or in the end.

C
Crescent City Times
February 2, 2021 at 10:31 AM
6 years ago
By Samuel Strait, Report at Large – February 2, 2021 I have been asked the…
By Samuel Strait, Report at Large – February 2, 2021 I have been asked the question, "Can the stimulus check be rejected?" People who think this way want to be thought of as personally responsible folks, because they have sufficient income to live, and it is a way for those people to say, "I'm better off than you are", without being obvious. They often continue with, "Give it to the folks who REALLY need it, because I'm in good enough financial shape not to need it." Refusing the stimulus check, gives that person a sense of moral superiority, because they believe the government's apparent generosity does not affect them, and it may not in any consequential way, but it does affect them in ways that they clearly do not understand. No government truly produces anything that earns it an income. Services rendered by government are constructed by government. Money collected that way is not actually income. The government receives money from its citizens through taxes, fees, fines, and sundry other mechanisms. In the Federal Government's case, if it spends more money than it receives, there are ways for it to make up the difference, not all is necessarily beneficial to its citizens. None of the money currently being handed out willy nilly is budgeted. The Feds can either borrow the money to cover the expense, or as in many cases such as this, print more money. It sounds like such a simple thing. So how does it effect us, even those that have refused the stimulus in the first place. These simple bits of knowledge that were once part of America's educational system, now long gone, and are a big reason why our leadership at all levels of government can even talk about such irresponsible expenditures such as stimulus checks and the like. Whether you accept one or not, everyone will pay a far bigger price in the near future than the momentary thrill you got from getting that check. By government printing more money to allow for the checks in the first place, the dollar will correspondingly be devalued. In simple terms, dollars will become less valuable. The loaf of bread you bought last week will cost a few more cents to make and a few more cents for you to buy. Nearly everything will cost more, and for big ticket items, substantially more. That twelve hundred dollar check you got last summer and the six hundred dollar check recently will be a pittance when compared to costs going forward. It will be difficult for those who are just making ends meet, and impossible for those not making it at all. Those that think they currently are well enough off without that check, may be thinking something different in the months and years ahead. It is hard for many in this country to wrap our minds around the kind of thought patterns that do not understand such a very basic financial consequence. Nothing is free. At some point in the future all things must be paid for by the person receiving the item, or in some cases those that don't. So, do you still wish to refuse that Check? I doubt that the powers in DC are going to change their minds

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Article Details

Published February 2, 2021 at 10:31 AM
Reading Time 0 min
Category general