Spend

Spending is OK. If people took a stimulus check and bought a sound system, went on vacation, a spa treatment, a camera, whatever they spent it on with out going into debt would be good for the economy. Stupid spending, maxing out 5+ credit cards at 25% interest is part of the problem. 1 someone stupid enough to do it and 2 credit card companies being allowed to charge that interest and give out that many cards to people who they know can't afford them. Again greed how much is decent profit. Another thing is giving $500000 mortgages to people making $10-$20 an hour. Variable rate mortgages should be illegal for home owners. You get your mortgage when the interest is say 8% it costs you $1000 OK, 2 years later it's 20% costing you over $2000 and you haven't gotten a raise so they foreclose or you keep your house and starve. Again no one is protecting the consumer, they're fed high pressure sales tactics and have sold their soul. The government needs to put limits on interest rates, on how things can be sold to protect the consumer. I don't want to hear they can't, they can tell us the taxpaying voters, how fast we can drive, we need permission to add on to a house we own, to put up a building on property we own, how many hours a week we have to work to get OT, they tell us how to dress can't walk around naked or topless at a beach or anywhere yet they claim they can't put into place laws to protect us from predatory lending. Find out who's paying off what politicians to keep that from happening. Our government is the best lobbyist money can buy, they care nothing for Americans.So yes people need to spend buying something new with cash and paying down part of their debt. When you are stimulating something you are doing something, taking your stimulus check and putting it in the bank, burying it in the backyard or using all of it to payoff old debts doesn't create new jobs or keep old ones. Let the government lower taxes and become lean it is way to big and does very little for the money it gets.