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This years 2009 stimulus check are now starting to go out. I’m not sure of the method they are using to send them out so it is different then last years stimulus check that was based on the last two digits of your Social Security Number or SSN. The process the government is using is sending out letters to those that are eligible saying that they will be receiving a stimulus check, then a few weeks later they will receive a check or transfer into their account.
Why they didn’t just send the checks directly instead of a letter, I’m not sure. It would have been much easier on everyone had they just done that.
For those of you that are working you should see your ~$20/week extra showing up in your weekly paychecks from the tax adjustment that Obama started. Over the course of the entire year, you’ll get about what you got last year as a stimulus check.
This year’s stimulus check is going to before the same amount as last years, just given out differently. Because it is the same spread out, people won’t be so inclined to go out and buy a new shiny toy or pay off a bill right away. But instead just have that little bit extra each week to pay the bills and buy food.
I can see the pros and cons of each way of giving out stimulus money.
Which method do you prefer? Checks for a one time amount or $20/week?
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