All Posts Tagged With: "Economic Stimulus Checks"
Stimulus Checks Boost US Retail Sales
US retail sales grew by 1% in May, following the distribution of $57 billion in economic stimulus checks, reports CNN.
“The economic stimulus package is flawed policy in the first place”, says MoneyWeek magazine’s Richard Benson.
The US government hopes to revive its ailing economy with tax rebates. But with the cost of living soaring and consumers deep in debt, this will have little effect.
Biggest Government Ever… ‘Stimulus’ Checks Take Their Toll
US Government spending is at record highs, fueled in part by the costs of President Bush’s so-called economic ’stimulus’ package.
Reuters reports that US Treasury spending and revenue reached fresh highs in April.
US government posted a $US159.3 billion surplus in April, helped by the mid-month deadline for individuals meeting 2007 tax obligations, but it was down from the prior year’s surplus, the Treasury Department reported on Monday.
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