The federal stimulus money given to almost every American this tax season is proven to be very beneficial in boosting our economy. As federal stimulus money is given to boost profits in our economy, there is mounting evidence that proves it is beneficial. Although the times for business are at an all-time quarterly negative GDP, these stimulus acts are shown to crucially benefit our struggling economy. Now that Obama is in office, Americans are worried that where the money is going is not as helpful as it could be. Yet in the last six months, a boost of $88 billion dollars has been spread throughout our economy in hopes to boost the economic slump. Of the $88 billion, the majority has gone to low-income residents. Nearly $28 billion has flowed to Medicaid; $19 billion to unemployment; $10 billion to state educational programs which primarily target the poor; $4 billion to student financial assistance, and $1 billion to rental assistance. And these are only among the big ticket items.
The biggest factor in debt relief programs, such as the "American Recovery and Reconstruction Act" and "Making Work Pay Program", is where the consumer will be investing the federal stimulus money. Optimally people in need of debt relief will use their federal stimulus money to help pay off outstanding debt. This in turn will lower the outstanding debt that many people are struggling with. So, If in fact the consumer will pay off at least some of their pre-existing debt, that in turn will help to inspire more debt relief programs to be set in place.
If you have credit card debt or other unsecured debt over $10,000 you should really consider a debt settlement. There are hundreds of debt settlement companies that will help you eliminate up to 70% of your unsecured debt but to find the best companies you should use a debt relief network that helps consumers find legitimate companies in their state. Check out the following link for a legitimate debt relief network:
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