Show Me The Money... But Will It Help The Economy?

I read an article in LA Times called, "Congress OK's $168-Billion Stimulus Package". It reports that Congress has approved a two year, $168 billion stimulus package. I have been personally following this story because of the effect it will have on my household. This article is worth reading because you’ll be able to see if you too may be expecting a rebate check but, also to see how Congress deals with the economy. The stimulus package will send millions of rebate checks to low- and middle-income Americans. And the best part is the checks should arrive in taxpayers mailboxes beginning in May.

The stimulus package came about as Congress was faced with evidence of an impending recession. Democrats fought for a larger more expansive package but, ultimately ended up with this bipartisan compromise. Under the terms of the package, single filers will get a maximum $600 rebate while married couples will get a maximum $1200 rebate. In addition, parents will get $300 for each child.

Along with rebate checks the stimulus package includes other benefits. It allows for tax breaks for businesses designed to help them invest in new equipment. And it also includes a one-year increase in the size of mortgages that can be backed by the government.

Now will this package help "stimulate" the economy that remains to be seen, however, I do know for a fact my portion will serve its purpose.