Monday, May 5, 2008

Rebate Checks Arriving

Though technically it's not a rebate check since the money is coming from the government's borrowing approximately $117 billion over the next two years. Yesterday's story in the Southern refers to the rebate as "essentially free money", which of course it isn't, since the money will have to eventually be repaid, with interest which accounts for about 9% of government expenditures.

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