Puerto Ricos Stimulus Plan aka Recovery Rebates gets Approved

The US Treasury approved the stimulus plan for Puerto Rico yesterday.  It won’t be called stimulus payments; they are going to call the payments “Recovery Rebates”.

I didn’t really pay that much federal tax this year anyway as most Puerto Ricans don’t pay the IRS.  So when they say free money, they mean it!  I would be interested to hear from people in the States who just paid a lot of cash to the IRS on what you think about PR getting this free money.

Can someone also explain to me how the government plans to help the economy by temporarily flooding the consumer market with a little cash…