A 42 Million Dollar Announcement - Your Tax Dollars Hard at Work

So what is a few million between friends? Well a few million must not mean much to the Federal Government because our politicians instructed the IRS to send out notices to tell you, the taxpayer, that you are about to receive a rebate check. Yes, the check from the Federal Government is nearly in the mail. I would suspect that most people know about the rebate check that the Federal Government is sending out.

So why is necessary to send out notices to everyone in the free world and spend 42 million dollars? Yes, we have over 9.4 trillion dollars of debt in this country and the government wants to spend 42 million to just let you know the check is going to be in the mail. I guess we don’t have to wonder how the country got into this mess in the first place.

Well the story even gets better. This is going to cost the government $117 billion to fund these rebate checks. Where do you think that the government gets that money? They do it the good old American way. They borrow the amount and add to our national debt.

Now think about this for a minute. First, the Bush Administration wants to make sure that you know they are thinking of you by making sure that you know you are getting a check. Second, the Bush Administration is so desperate to pump up the economy that they would borrow and spend over 117 billion to do it. Finally, the Bush administration is in hopes that you take that rebate check and spend it. The better option is that you will buy something that costs much more than the rebate check and put the balance of the purchase on plastic. You have to know the retail marketing machine will be in overdrive trying to get you to spend that money and more.

Well this is no surprise that Washington is financially irresponsible with our tax payer dollars. Incidentally, it will be your kids and my kids that end up getting stuck with this tab. It is the next generation that will be picking up the bill.

You do have a chance here to do something prudent with that rebate check. So, what are some of your options?

1) Tithe on that money – that is a given
2) Pay off debt – that should definitely be on the agenda
3) Fund your emergency account – this is so important.
4) If you are out of debt and have an emergency account, why not give it away to a ministry that really needs it?

This is your chance to be prudent over an IOU from the Government. Just because they want you to be irresponsible with the money doesn’t mean that you should be irresponsible. Make your decision count with this rebate check.

Copyright © 2008 Prudent Money and Bob Brooks. All rights reserved.