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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bart13 who wrote (71429)10/8/2006 6:43:44 PM
From: benwood  Read Replies (1) of 110194
 
I already received one check from the Treasury -- $600 I think it was, two or three years ago. It was a future "refund" from my taxes, and I think it only went to families with dependent children.

Here's a tidbit about those checks that many probably did not know -- my brother also got a $600 check (two kids), but his family income was too high for the check, as the amount he was entitled to should have been phased out partially. However, the rules for the check "forgave" the excess he received, which was a couple hundred dollars. So in effect, he, and many other higher income families, simply got free money from the treasury.

There are millions of people who truly believe that getting "free" checks is a brilliant idea (and they all support our increased spending/lower taxation delusional gov't), and so there would be significant support for such desperation measures.
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