More refunds: Are they going to help the economy?

The president signed a bill, giving all those who draw a paycheck, a $300 refund at the least.

The real question is: will this help or harm the recession of the economy.

Most people tend to think, if you have more money, then you'll spend more. But if you save it and get a good interest rate on it, then it'll be more beneficial in the future, right?

With interest rates not being so good, that's a hard thing to answer. For the economy, it's not going to get any better since we're already owning ourselves about 30 grand a piece from a recent commentary I read today.

With all this money, we're not helping the economy by getting all of our paid in taxes back, are we? The national debt will more than likely go up several billion dollars in order for every working person in the United States to get back more money.

Personally, I think this is a great thing for Americans. If most of them are like me, they work in a low paying job that barely pays the rent, let alone all the bills that pile up. But with the economy and the national debt, it's not such a great thing, is it? Our generation will be the ones who are having to fix all of the problems that we started with the Baby Boom of the 1980s. We're workers now and we're going to have to take care of our parents in another 20 years or so when they retire.

What kind of world will we have then? It takes years to come back from an economic depression. The world has seen it before...but could we come out of another one? Would we be stronger for it? Or just more naive?