CNN

CNN reported on March 24 that a clear majority of citizens are going to use their tax rebates to pay off debt or put in savings. The so-called economic stimulus bill will give $170 billion back to taxpayers, or about $600 per individual and $1,200 per married couple. The professed purpose of this scheme is to help the faltering U.S. economy come out of recession. But economist Jared Bernstein is concerned about this news from CNN: “While [saving the rebate] is a valiant thing to do, what you want them to do is spen