Income Tax Refunds and Rebates

In order to "rescue" the economy from a possible recession, congress is working on including tax rebates of at least $300 a person - and maybe as much as $800 for individuals and $1,600 for married couples. Federal Reserve Chairman Ben Bernanke endorsed the idea of putting money into the hands of those who would spend it quickly and boost the flagging economy.

The rush to swing behind a stimulus plan underscored the political imperative of responding to a growing concern about the possibility of recession. The concept to make the economy to work is making sure a plan can put cash into the hands of poor people and the middle class so that they can either spent on what they need or reduce their debts so that they can shop without fear. While other people who already have money, can use the rebates to buy stocks and make sure the stock market is healthy. Any economic stimulus plan also should aid people who've lost their homes or are fighting to avoid foreclosure and help states facing shortfalls.

Economic freedom fosters the spirit of entrepreneurship and innovation that creates new products and jobs. It sustains America’s strength and the creation of wealth. True believers in free markets hold that government, in President Reagan’s words, “can and must provide opportunity, not smother it ... foster productivity, not stifle it.” The Republican Party is not what it used to be. As I said in my post yesterday, "Economic's chief purpose is to discover and refine just and loving means of creating, distributing, and consuming wealth to overcome poverty and to increase the material and spiritual prosperity of all citizens." Our attitudes towards money should be in our conviction that money is for a greater social good, not a private possession (like getting CEOs TOO rich when average employees are struggling). The economic main purpose is the welfare of everyone in society, not the personal pleasure of the person who happens to have control over it.