My friend Shaffer stood up from the stool and slid a $5 bill toward the clerk who had just served him a tall cup of coffee to go.
“It’s about time the president and Congress found something they can work on together,” I said.
“How’s that?”
“This economic stimulus thing. Things are a bit rough, and folks will cheer up a bit if they have a few dollars for a night out. And maybe after a night at Ruby Tuesday, they’ll have some money left for other things.”
“Sure,” Shaffer said. “Some of them might have enough left over to buy an mp3 player for the kid.”
“You don’t sound like you approve of the plan,” I said.
He paused a few seconds.
“Suppose you’re up to your eyeballs in payments to the credit card company,” he said. “Along comes your favorite uncle, and he borrows your credit card, takes it down to the ATM for a cash advance, and gives you a couple thousand dollars.”
“That’s silly,” I replied. “I’d have to make even bigger payments than I can’t afford already.”
Shaffer, smiled, picked up his coffee and left the café.
— T. Samuel Emery, MBS