2009 Stimulus Check & 2010 Stimulus Check

...Information about the 2010 Stimulus Check

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President Obama lowered expectations in 2010

Tuesday, January 5th, 2010

In 2009, President Obama set some mighty high goals for his first year in office.  To his credit, he hit most of them.  The big winners were the multi billion dollar stimulus package, making progress for financial reform, lowering unemployment rates and dealing with terrorist threats.

Since this is a blog about the Stimulus Check, I won’t go over the points from the other achievements President Obama has made.   The Stimulus Package that he signed into law shortly after coming into office created many opportunities and hope for businesses and individuals.

Not everyone can agree on how they see eye to eye on if what Obama did was the best, but it did work.  He got money into the hands of most of the people who needed it most.

Most of the plans from the stimulus package about helping those that are currently employed remain in effect through 2010.  For those currently not working and retired, there will more then likely be a 2010 stimulus check coming your way this spring/summer.

Posted in 2009 Stimulus Check, 2010 stimulus check, Obama, Second Stimulus Check, Stimulus, Stimulus Check, Stimulus Package | No Responses »

President Obama proposes new stimulus check and stimulus funding

Tuesday, December 8th, 2009

Today in Washington President Obama has called for a new round of stimulus spending for our country to help with the staggering economy.  This new stimulus funding could total over $150 Billion Dollars to jolt the economy back on track.

These funds are primarily going to go be used for more road construction, new bridges, tax breaks for small businesses, tax breaks for energy efficient home upgrades and a 2010 stimulus check.  All of these are aimed at getting money flowing, getting people employed and getting money in the hands of those that need it.

President Obama wants to give an additional $250 to seniors and veterans, similar to the 2009 stimulus check.  This check would be handed out in a similar manner to those that received one this year, plus those that weren’t eligible this year that would be for next year’s stimulus check would also receive one.

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Posted in 2009 Stimulus Check, 2010 stimulus check, Obama, Second Stimulus Check, Stimulus, Stimulus Check | 4 Responses »

Obama Seeks $250 Check For Retirees And Veterans

Friday, November 13th, 2009

Earlier this month President Obama in front of congress suggested that they put together a plan that would send a second stimulus check to retirees and veterans.  This check would be sent early next year in the form of a 2010 stimulus check.

This stimulus check would be sent out instead of a cost of living increase for retirees and veterans alike.   Also a factor in the decision is that inflation has been negative as current recession that we’re in has been driving down prices of all goods in every market.

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Posted in 2010 stimulus check, Obama, Second Stimulus Check, Stimulus, Stimulus Check | No Responses »

Veterans may get a second stimulus check in 2010

Thursday, October 15th, 2009

An estimated 2 million veterans may be eligible to receive a 2nd $250 stimulus check in 2010.

President Obama thinks that a second stimulus check in 2010 would help both the economy and the veterans that received theses new checks. The plan would very similar to how stimulus checks were sent out in 2009 to those senior citizens, retired and disabled workers and the other groups that qualified.

This plan for a 2nd stimulus check would just need to get lawmakers approval and reasoning on why it would be beneficial for those that would receive it. This only applies to those veterans that are living in the United States, Puerto Rico or Guam.

This round of stimulus would cost the US Government about 13 billion dollars.

Posted in Obama, Second Stimulus Check, Stimulus, Stimulus Check | 6 Responses »

2009 Stimulus Check

Saturday, May 30th, 2009

In the recent stimulus package passed by President Obama earlier this year, otherwise known as the American Recovery and Reinvestment Act of 2009, Obama provided many forms of stimulus and stimulus checks to provide the economy.  The only mentions of a 2009 stimulus check for the American public were in two places in the recently passed Stimulus bill.

The first is a 2009 stimulus check for those on social security incomes, military pensions and railroad pensions.  This is a $250 2009 stimulus check that is a one time payment similar to the 2008 stimulus check that President Bush issued last year.  To qualify for the 2009 stimulus check you had to have already been on social security by the end of 2008 to receive your 2009 stimulus check in May 2009.  If you started your social security income January 1, 2009 or later you do not qualify for this years stimulus check.  However if there is a 2010 stimulus check similar to how the 2009 stimulus check worked you would qualify next year for that stimulus check.

The second part of the 2009 stimulus check is a tax rebate that amounts to $400 if you are single or $800 if you are married over the course of 2009.  Starting in April 2009 the government is lowering the taxes withheld from your paychecks to the amount of about about $20/week so that over the course of the year it would amount to $400 (or $800).  This is the only 2009 stimulus check that is available to those that are working.  The 2009 stimulus check is essentially a $400 check paid over the course of the year.

This 2009 stimulus check that is being paid out weekly via a tax rebate will be in effect for 2010 as well.  The amount of the money making up the 2010 stimulus check on a weekly basis is less then this years $20/week because it is spread out over the course of the entire year instead of 8 months.

There is not a singular 2009 stimulus check for those on employment, it is split up into several incentives.  President Obama provided the following ways to help those on unemployment through the 2009 stimulus package.
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Posted in 2009 Stimulus Check, Obama, Stimulus Check, Stimulus Package, Unemployment | 59 Responses »

Stimulus Check

Saturday, May 30th, 2009

Stimulus Check is a term that first used during the 2008 year when President Bush sent out $600 Stimulus Checks to every man and women in American in hopes of stimulating the ailing economy.  The 2008 stimulus check was sent out over the course of several months based on the recipients last 2 digits of their SSN.  The stimulus check became popular because it was free money that the government was handing out to everyone.  At this point the economy was showing signs of slowing down as the lay offs were continuing to mount.  People were looking forward to their stimulus check that was supposed to be used to spend in retail stores to stimulate the economy, but many people used this stimulus check money to pay their bills.

In early 2009 people were wondering when there 2009 stimulus check was going to come and if they were going to get one and when.  The stimulus check was once again being eyed as free money that was to be handed out to everyone to help cover their  bills and expenses, not so much as the original purpose of the stimulus check in 2008 when President Bush designed the original stimulus check to stimulate the economy.

During late 2008 into 2009 what started with President Bush and later President Obama began to bail out many of the large corporations right and left.  It was several billion here for this company then another similar amount for another.  In Feb 2009 President Obama signed the $800 billion American Recovery and Reinvestment Act of 2009 into effect that provided stimulus funds for companies for bailouts and stimulus checks for retried and other tax benefits for those working.  The large out cry from the American people about where is my stimulus check.  Had the government taken that bailout money and given a single stimulus check to everyone, it could have amounted to several grand each.  Instead President Obama sent out the 2009 stimulus check and other stimulus initiatives outlined by the 2009 stimulus act.

Posted in 2009 Stimulus Check, Obama, Stimulus Check | 24 Responses »

Will the american taxpayers receive a stimulus check for 2009?

Thursday, May 28th, 2009

Will the American taxpayers receive a stimulus check for 2009?  How will the mortgage modification program outlined work if and when some lenders refuse to cooperate with the stimulus package?  Will there be any other sort of 2009 stimulus check given out this year? Will there be a 2010 stimulus check?

Only a small percentage of Americans will be eligible and benefit from the 2009 stimulus package for a stimulus check in 2009.  Americans that are on social security and other retirement incomes will receive the 2009 stimulus check.  All other Americans that are working will receive an increase on their paycheck in the form of of a tax credit totaling $400 for 2009, about $13 per paycheck.  Those on unemployment benefits have a few benefits as well from the stimulus package.

The mortgage modification program does not apply to everyone nor is everyone qualified for the program.  Those that do meet the requirements for buying their first house and in the certain time period that it is bought will get the benefits of the mortgage program.

This is the only stimulus check sent out in 2009  for those on retirement incomes.  If you didn’t get one yet and you weren’t eligible to receive the one sent out you will not be receiving one.

As of this time there is no information on if there is a 2010 stimulus check or how it would work.

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Posted in 2009 Stimulus Check, Obama, Stimulus Check, Stimulus Package | 20 Responses »

When will I recieve my stimulus check

Sunday, May 24th, 2009

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.

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Posted in 2009 Stimulus Check, Obama, Stimulus | 6 Responses »

Vice President Joe Biden Receiving $250 2009 Stimulus Check

Thursday, May 21st, 2009

In a almost ironic twist to the 2009 stimulus check situation going on right now, Vice President Joseph Biden who is eligible for social security will be receiving a $250 Stimulus Check in the mail this month.   Joe turned 66 last November making him eligible to receive social security thus, able to receive the 2009 stimulus check going out to those on retirement incomes.

Besides the fact he made $169,000 last year and will earn $227,000 this year as Vice President of the United States behind President Obama, he is still able to receive a 2009 stimulus check.

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Posted in 2009 Stimulus Check, Obama | 5 Responses »

Great Smoky Mountains National Park

Sunday, May 17th, 2009

The Great Smoky Mountains National Park will receive $64 million in stimulus money from this year’s 2009 Stimulus Package.   The national park will use this money for upgrading roadwork, restrooms and trail maintenance.  These upgrades will be split between Tennessee and North Carolina.

A majority of this $64 million stimulus money will go towards building a bridging extension off the Foothills Parkway in Tennessee.

These updates are going to create up to 1,500 jobs to perform these updates.  Which will help out the ailing economy.

The Great Smokies National Park is one of the most popular parks in the nation attracting up to 9 million people a year.  The annual budget that the park has is just under $20 million and has a backlog of upgrades that total over $200 million.  These stimulus funds that they received for the $64 million upgrade will go a great way towards updating the park and it’s infrastructure.

$1.2 million of the stimulus funds from the stimulus package is to improve 22 miles of horse trails in Tennessee and 10.4 miles into North Carolina.

Posted in Obama, Stimulus | 1 Response »

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