How come I don't feel stimulated?
So, I'm sure by now you have heard about the latest in Economic Stimulus plans but I can't help but outline a recent quote.
"Poor people just spend money faster, because they're really living at the edge,"
Call me callous but I'm ready for the Age old Eskimo tradition.
Granted, my outlook would probably be vastly different if I were on the other side of the fence but I like to think my decisions have allowed me the advantages of staying with the herd.
Did Eskimos really put their elderly out on the ice to die during tough times?
Yes, in the past some Eskimos did kill old people when circumstances were sufficiently desperate.
Where it was practiced, senilicide was rare except during famines. As long as there was enough food to go around, everyone got their share, including the relatively unproductive. Given that the usual diet consisted of fairly dependable catches of caribou, fish, and sea mammals, many years could pass between episodes of scarcity.
On the other hand, when food did run short, the old and sick were looked upon as drains on the community's resources. Sometimes they were killed - thrown into the sea, buried alive, locked out in the cold, or starved to death. Far more commonly they were simply abandoned to die. The victim might be taken out in the wilderness and left there, or the whole village might pick up and move away while the old person slept. If the villagers were unexpectedly restored to prosperity, they might go back to rescue those left behind. An abandoned person would also be welcomed back as a full member of the community if he could manage to make his way back to the village on his own. But usually he couldn't.
Ok, I can fully support that last sentence but please stop the bleeding.
Food stamps, tax breaks for poor in stimulus bill
More than 37 million Americans live in poverty, and the vast majority of them are in line for extra help under the giant stimulus package coming out of Congress. Millions more could be kept from slipping into poverty by the economic lifeline.
People who get food stamps — 30 million and growing — will get more. People drawing unemployment checks — 4.8 million and growing — would get an extra $25, and keep those checks coming longer. People who get Supplemental Security Income — 7 million poor Americans who are elderly, blind or disabled — would get one-time extra payments of $250.
Many low-income Americans also are likely to benefit from a trifecta of tax credits: expansions to the existing Child Tax Credit and Earned Income Tax Credit, and a new refundable tax credit for workers. Taken together, the three credits are expected to keep more than 2 million Americans from falling into poverty, including more than 800,000 children, according to the private Center on Budget and Policy Priorities.
The package also includes $3 billion emergency fund to provide temporary assistance to needy families.
There are other, more indirect ways that the stimulus package is likely to benefit poor people.
For example, cash-strapped states will get an infusion of $87 billion for Medicaid, the government health program for poor people, and that should help them avoid cutting off benefits to the needy. In addition, more federal dollars will flow to high-poverty areas for education programs and preventing homelessness.
Advocates for the poor say that directing stimulus money to the neediest Americans makes sense because they're the most likely to put cash back into the economy quickly.
"Poor people just spend money faster, because they're really living at the edge," said Elizabeth Lower-Basch, a senior policy analyst at the private Center for Law and Social Policy.


