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Observations - by Tom Sheridan, Editor
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07/08/01

‘Chump change’?

It was Everett McKinley Dirksen who said it. The Illinois senator had the look and the sound of an elder statesman, even before he became one. He was always eminently quotable, but never more than when he rumbled, “A billion here and a billion there…pretty soon you’re talking about real money.”

That’s not hard to understand. For the federal government, a billion dollars (that’s a one with nine zeroes), is chump change. Petty cash. Sofa-cushion stuff. You and I? Big money is anything with more than one zero.

Big money—the government’s, and ours—and what to do with it is news these days.

Printing presses in Washington are getting ready to churn out those tax rebate checks we’ve all been lusting after (some of us, anyway).

What are you gonna do with yours? Vacation, new car, college fund? Hardly.

There’s no “big money” or windfall here. The families who will see a $600 check fall out of their rebate envelope are those whom it will impact the least.

Those who could really use it—the working poor, single parents and the like—will see less. Much less.

Still, what to do with the money? After all, it’s something we didn’t expect.

Before you plan on a couple of extra fill-ups at the gas station, or lower the thermostat a few degrees on a hot day, consider what Tom Gull has to say.

Gull, business manager of Ascension Parish in Oak Park, tells of being in rural Wisconsin with a couple of retired folk. What were they going to do with their money, Gull asked. The woman harrumphed and offered this bit of wisdom: since it was “just a drop in the bucket,” she said the feds might as well keep it for some under-funded program.

Gull has an under-funded program in mind: his parish, or any other parish. If you’re able, he suggests, don’t cash the check, but sign it over to a local church or school and mark it as a donation to be used solely for school purposes.

“It’s amazing to see,” he said, “how a drop in the bucket, generously donated, can create a flood of improvements.

Now, that’s how small money does big things.

Tom Sheridan
Editor and General Manager

Send your comments to Tom

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