The checks are ALMOST in the mail

If you have not heard, the House approved Bush’s stimulus package. So, we just need to wait for the Senate to approve the bill and then the Government will say "your check is in the mail." They are saying couples could get as much as $1200 in the form of a rebate check. The intention, of course is that everyone will go out and spend it, thus boosting our economy and help eliminate that nasty "R" word (recession).

This is the news clip, if you want a bit more detail… 

The U.S. House approved a $146 billion economic stimulus plan aimed at averting an election-year recession in part by sending tax-rebate checks to about 111 million Americans. Lawmakers voted to approve legislation that would also expand investment tax breaks for business and add capital to the slumping mortgage market by allowing federally chartered companies Fannie Mae and Freddie Mac to buy mortgages above the current federal limit. The House vote sends the bill to the Senate, where some senators said they would try to alter the House version, potentially delaying passage. Lawmakers have said they want to get the bill to Bush by Feb. 15 so the government can begin distributing checks before June. Under the House measure, individuals would receive up to $600 and couples would get up to $1,200. Families would get $300 for each child.

If the Senate passes the Bill and you get a check, what will you do with it? Save it, pay off some debt, use it as a good chance to start investing, or spend it all!!