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Equally important, it is not clear how much of an effect a one-off rebate will have on consumption, or how quickly that effect will come through.
The impact could probably be larger now, partly because more households are strapped for cash, but also because a permanent boost to income is more likely to be spent than a one-off rebate.Even so, such rebates will raise the deficit sharply relative to how much they boost growth.
His $200 billion package included a one-off tax rebate for poorer Americans, a higher minimum wage and more money for schools, anti-terrorist infrastructure and health.
Personal incomes fell 1.3% in June, because the May figures were boosted by a one-off tax rebate to retirees and the disabled.
First, $38 billion of it is the cost of the one-off tax rebates being mailed to everyone who paid income tax last year.
Critics argue that the spending program should be temporary -- one-time tax rebates, or one-off investments that involve no long term commitments, and can be ended when the economy starts to grow.
Mr Thaler has one suggestion: give people tax rebates in increments, rather than one-off payments, and they are more likely to spend them than save them.
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