reply to post by Odessy
The article is saying that because the emergency stimulus package was not passed in time.. it missed the chance to fix the economy..
Essentially what this fellow is saying is that the President should have thought up the idea -190 billion and then passed it in ONE day..
And then within a month have ALL of the checks mailed out so that before the 1st Q ended everyone would have spent the money and the market would have
gone up, not down....
Congress had to debate.. of course.. and took two weeks longer then expected..
Then it was passed..
But now the IRS cannot find everyone to mail the checks to.. they are still missing a few million names.. going through the VA and social security to
find people to give the money to..
So they have to mail out letters to everyone..
Then they have to get a list of all of those names, decide how much they get, then mail out milions of checks..
This supposed intelligent economist apparently believed the IRS had super human capabilities..
The fact that they are projecting May as DDay for the checks is amazing, it was supposed to be June or July.
I think it cost the IRS 40 million dollars just to mail the letters and the checks.. not to mention all of this is happening during the IRS's busiest
season.. Tax time..
And on top of all of this, the IRS is "over looking" several tax exemptions, but then got flooded with people abusing the system so now they have to
go back and re-look at everything..
THEN on top of that, because the law was passed after millions of people already paid taxes, they don't get a check because the system won't see
They are advising people to send in another form with "rebate check" written at the top to get approved..
The whole system is F'd up.. not the administrations fault..
It was just a stupid idea to begin with.