Showing posts with label Stimulus package. Show all posts
Showing posts with label Stimulus package. Show all posts

Monday, June 02, 2008

No SSN , No Stimulus



I had a brief conversation with an IRS rep. on Friday ( after being on hold for 20 minutes ) about the Stimulus payment for my younger daughter who did not have a SSN.

I've been paying taxes using her Tax Identification Number, which was issued by IRS in-lieu of the SSN ( The last few years SSN's are not issued for spouses / kids ). The IRS took my taxes the last 8 years with my daughter's TIN but now, they can't pay the stimulus check since she doesn't have a valid SSN.

Prabhu
sent me a link yesterday which explains this pathetic situation. This is plain nonsense. I wish the AILA or some other organization here in the US takes this case up.

Personally, I am writing a letter to the Senators from the Bay Area explaining the situation. Let's see what happens.

Saturday, February 23, 2008

The Stimulus package - Advantage China

Photo courtesy: www.glennbeck.com

My family with two kids and with our level of income will be getting 1800 USD sometime around May 2008. This would be thanks to the stimulus package approved recently by President Bush.

I already have plans...Yeah..I would be able to payoff some of my credit card debts !

I am not sure how it would help in the long run! I am not an Economist so I don't want to go deeper into this, but I as a common man feel that this is only a 'Band Aid'.

I found this discussion funny. This was in CNN Headline News where Glenn Beck was talking about it.

This is what he said:

  • The money for the package is being borrowed from China.
  • US has to pay interest for it.
  • People will be using it to buy products mostly manufactured in China.
  • So the money again goes back to China.
  • Who gains ? - China
  • China gets back the money + Interest on the money + money made by the increased sales of Chinese made products.

So, this is a Great Economic Simulus package for China!