Ramsey: How to use your tax rebate

Check out Dave Ramsey's latest about tax rebates and home mortgages.

I don't like the idea that my money could be going to help someone else buy a big-screen television or whatever toy they've got in mind. I understand that the "rebate" is designed to stimulate the economy and pull us away from a possible recession, but it sounds a little like socialism to me – and that's just the opposite of capitalism.

The whole idea – increased consumer spending giving the economy a boost – sounds good in theory, but I think a much better idea would be to encourage freedom from debt. That would increase consumer spending and in turn cause the economy to flourish.

How to use your tax rebate