Consumers Now Required To Seek Treasury Department Approval On All Purchases Over $50
August 10, 2011 | ISSUE 47•32

WASHINGTON—Disappointed with the way the nation has been managing its money, the Treasury Department announced Wednesday it had begun requiring citizens to seek government approval on all purchases over $50. "It's not that we don't trust people, but right now we're not seeing a lot of evidence suggesting they're capable of making these decisions on their own," Treasury Secretary Timothy Geithner said of the law requiring consumers to fill out a form at the point-of-sale listing the desired item, the total estimated cost, and the reason why they need it and why they need it now. "If, for example, you are a 32-year-old woman deep in credit card debt, we are going to need a compelling reason as to why you need a vintage rotary phone from Anthropologie." At press time, the department had denied Cleveland resident Jim Barnes' purchase of a Buffalo Springfield box set that he already had on cassette.






BRILLIANT!!

Denying someone of their Buffalo Springfield is unMerican......damn that Timothy all the heck and back.......

Sounds reasonable to me..........the NERVE of some taxpayers, spending the gubment's $$ on themselves.

[-(

I heard the next round of stimulus money will be sent out in the form of a gift card of your choosing from a select list of approved vendors...GM will be on the approved vendors list.

Chrysler too...with a free block of gubiment cheez![frypan]

Of course. The gubment cheese is what they'll use to stick the gift card to the brochure.

still no gubment cheese for X.... 😞

http://www.youtube.com/watch?feature=player_embedded&v=1muBnH8Zhuw

The majority of employees that are on our group plan are on the "cheaper" option...if you consider $334.78/mth for "employee only" cheap. That rate will go up almost 31% on Sept 1. Actually, it has gone up about 30% the past 3 or so years. I think when I drop that on the employees many will drop it and get an individual plan elsewhere, which will probably only cost ~$150/mth, and offer better coverage. The more expensive plan in our group went up ~12%, and has done so the past few years, sometimes considerably more. 😣

it's a good thing that most 1/8ths are under $50.00. The needy will not be impacted by this.