Remember the check with the big eagle on it, the one the federal government sent you in 2008? It was a tax rebate, cash in your pocket. Remember how you spent it? Me, neither.
It was supposed to be economically stimulating. You were supposed to run out and buy something, and send the money rolling along. In practice, most of us paid bills or otherwise put the cash against money we’d already spent. The economy went on its way, that is, down. The federal deficit rose. Someone will have to pay for the great rebate when we get around to it.