Kamala, Bernie & Ed Markey are proposing bill to give Americans a monthly $2K payment until pandemic ends, the bill is gaining traction in the Senate

[Rigby5]

I wouldn’t mind another 2000 of my dollars back.

Who do you think is going to have to pay that money?
Its not going to come from the government or Trump, but your future taxes.

 

[Rigby5]

With so many people not working, not generating any wealth, and not paying taxes, where do they think they money will come from to pay for this?

It will be borrowed, Trump knows all about it. In his own businesses as well as his tax cuts and deficits.

Borrowing does not work for 3 reasons.
One is that we have to then also pay back compounding interest.
Two is that there is a limit to credit available, and if government grabs is all for these shut down checks, there will be no money for companies to borrow to restart.
Three is that they still do not cover the loses in income, the unpaid rent, the mortgages that are going to foreclose, etc.

Obviously we have to immediately reopen.

 

[HappyJoy]

No, for one I'm not demanding anything.

So you oppose the new lib giveaway?

No, I don't oppose it. Didn't realize I was demanding it either.

Penelope demanded it and you jumped into the conversation like her tag team partner

and now that I body slammed you its back under the ropes you go

Oh. So you can't even get the short history of this thread right.

I have it just right

libs want to give away $2,000 a month to everyone

But you dont realize that will cripple the economy and drive inflation

Oh? How will it cripple the economy when people have money to spend?

Without working there will not be much to spend it on

no food at the grocery store means prices go up and deadbeats rush out to buy stuff that isnt there

Food and bills. I've been working on my OHV vehicle and can buy parts for it online. Amazon last I checked was still open. Take out restaurants. Food and other donations. Medication, clothes, etc. You can buy all this shit today. As opposed to many not having any income.

And Amazon has had a problem with their employees catching Covid-19...

Just imagine what will happen when the Democrats pay them $2K/mo to stay home, and not take a chance on catching it!!!

As a matter of fact, for $2K/mo, a lot of those people that you are depending on can afford to stay home!!!

Happy-will have $2,000 burning a hole in his pocket and nothing to spend it on

I don't need it but I can and have found more than $2k worth of stuff to by in the last week or so. Not really sure what your point is.

 

[HappyJoy]

With so many people not working, not generating any wealth, and not paying taxes, where do they think they money will come from to pay for this?

It will be borrowed, Trump knows all about it. In his own businesses as well as his tax cuts and deficits.

Borrowing does not work for 3 reasons.
One is that we have to then also pay back compounding interest.
Two is that there is a limit to credit available, and if government grabs is all for these shut down checks, there will be no money for companies to borrow to restart.
Three is that they still do not cover the loses in income, the unpaid rent, the mortgages that are going to foreclose, etc.

Obviously we have to immediately reopen.

We 'immediately reopen' doesn't do much for the majority of people who just want to get through this and then when the virus starts to go back up (it actually already is) we'll be shutting down again. We are going to borrow one way or another and Trump is already spending.

Have fun with that.

 

[HappyJoy]

No, for one I'm not demanding anything.

So you oppose the new lib giveaway?

No, I don't oppose it. Didn't realize I was demanding it either.

Penelope demanded it and you jumped into the conversation like her tag team partner

and now that I body slammed you its back under the ropes you go

Oh. So you can't even get the short history of this thread right.

I have it just right

libs want to give away $2,000 a month to everyone

But you dont realize that will cripple the economy and drive inflation

Oh? How will it cripple the economy when people have money to spend?

A lot of it is "trust" and "faith" in the currency. You saw people grabbing item like toilet paper when this began. When you print to much history has shown people lose faith as to much money is in the system. We are in uncharted territory as of now. Unlike Germany of the 1920's and current Venezuela we are the nation of last resort with our currency. So that is in our favor. However we are going to make more and more products here again and that is a good thing. But the employees will make more money then the say the Chinese slaves do. So the product should be a bit higher also. Foundation and freedom go hand in hand. We are losing our foundation and we have lost freedoms because of it.

Neat.

 

[Norman]

How about an even bigger stimulus? Cancel the income tax entirely! Great again...

 

[Rigby5]

With so many people not working, not generating any wealth, and not paying taxes, where do they think they money will come from to pay for this?

It will be borrowed, Trump knows all about it. In his own businesses as well as his tax cuts and deficits.

Borrowing does not work for 3 reasons.
One is that we have to then also pay back compounding interest.
Two is that there is a limit to credit available, and if government grabs is all for these shut down checks, there will be no money for companies to borrow to restart.
Three is that they still do not cover the loses in income, the unpaid rent, the mortgages that are going to foreclose, etc.

Obviously we have to immediately reopen.

We 'immediately reopen' doesn't do much for the majority of people who just want to get through this and then when the virus starts to go back up (it actually already is) we'll be shutting down again. We are going to borrow one way or another and Trump is already spending.

Have fun with that.

That makes no sense at all because there was never a good reason to lock down, and lock downs always kill more people than getting herd immunity as quickly as possible.
Herd immunity totally eliminates the virus, so is the only possible solution.
With luck, herd immunity could be obtained in 2 weeks, with less than a few thousand deaths.
We SHOULD have done that way back in March, and this would have been all over long ago.

 

[Rigby5]

How about an even bigger stimulus? Cancel the income tax entirely! Great again...

That would be pretty odd.
We have no income, so have no tax to pay anyway, but the national debt would still be growing and never get paid off.

 

[Billy000]

It would be better just to get back to work and normalcy.

Uh yeah it would be. You just have to accept that isn’t an option for awhile.

 

[Billy000]

No, for one I'm not demanding anything.

So you oppose the new lib giveaway?

No, I don't oppose it. Didn't realize I was demanding it either.

Penelope demanded it and you jumped into the conversation like her tag team partner

and now that I body slammed you its back under the ropes you go

Oh. So you can't even get the short history of this thread right.

I have it just right

libs want to give away $2,000 a month to everyone

But you dont realize that will cripple the economy and drive inflation

Uh it won’t actually. It’ll increase consumer spending which is what makes capitalism, capitalism. People will spend that money on basic necessities like food, clothing, and shelter which are vital industries to the economy.

 

[Bob Blaylock]

It would be better just to get back to work and normalcy.

Uh yeah it would be. You just have to accept that isn’t an option for awhile.

If we do not want to suffer a catastrophic economic collapse, that will result in far more deaths, and far more human suffering than this virus ever could have caused, then that is the only option.

It may already be too late; too much damage may already have been done.

 

[Mac-7]

No, for one I'm not demanding anything.

So you oppose the new lib giveaway?

No, I don't oppose it. Didn't realize I was demanding it either.

Penelope demanded it and you jumped into the conversation like her tag team partner

and now that I body slammed you its back under the ropes you go

Oh. So you can't even get the short history of this thread right.

I have it just right

libs want to give away $2,000 a month to everyone

But you dont realize that will cripple the economy and drive inflation

Oh? How will it cripple the economy when people have money to spend?

Without working there will not be much to spend it on

no food at the grocery store means prices go up and deadbeats rush out to buy stuff that isnt there

Food and bills. I've been working on my OHV vehicle and can buy parts for it online. Amazon last I checked was still open. Take out restaurants. Food and other donations. Medication, clothes, etc. You can buy all this shit today. As opposed to many not having any income.

And Amazon has had a problem with their employees catching Covid-19...

Just imagine what will happen when the Democrats pay them $2K/mo to stay home, and not take a chance on catching it!!!

As a matter of fact, for $2K/mo, a lot of those people that you are depending on can afford to stay home!!!

Happy-will have $2,000 burning a hole in his pocket and nothing to spend it on

I don't need it but I can and have found more than $2k worth of stuff to by in the last week or so. Not really sure what your point is.

My point is libs like you are trying to wreck the work-for-pay economy and replace it with universal basic income

 

[Mac-7]

No, for one I'm not demanding anything.

So you oppose the new lib giveaway?

No, I don't oppose it. Didn't realize I was demanding it either.

Penelope demanded it and you jumped into the conversation like her tag team partner

and now that I body slammed you its back under the ropes you go

Oh. So you can't even get the short history of this thread right.

I have it just right

libs want to give away $2,000 a month to everyone

But you dont realize that will cripple the economy and drive inflation

Uh it won’t actually. It’ll increase consumer spending which is what makes capitalism, capitalism. People will spend that money on basic necessities like food, clothing, and shelter which are vital industries to the economy.

There will be very little to spend the helicopter money on as workers stay home instead of going to work

 

[Billy000]

No, for one I'm not demanding anything.

So you oppose the new lib giveaway?

No, I don't oppose it. Didn't realize I was demanding it either.

Penelope demanded it and you jumped into the conversation like her tag team partner

and now that I body slammed you its back under the ropes you go

Oh. So you can't even get the short history of this thread right.

I have it just right

libs want to give away $2,000 a month to everyone

But you dont realize that will cripple the economy and drive inflation

Uh it won’t actually. It’ll increase consumer spending which is what makes capitalism, capitalism. People will spend that money on basic necessities like food, clothing, and shelter which are vital industries to the economy.

There will be very little to spend the helicopter money on as workers stay home instead of going to work

Why would they not go to work? 2000 per month doesn’t somehow replace a normal source of income. More importantly, this is temporary. Once the virus is over, they won’t get shit and would be out of work.

 

[Norman]

No, for one I'm not demanding anything.

So you oppose the new lib giveaway?

No, I don't oppose it. Didn't realize I was demanding it either.

Penelope demanded it and you jumped into the conversation like her tag team partner

and now that I body slammed you its back under the ropes you go

Oh. So you can't even get the short history of this thread right.

I have it just right

libs want to give away $2,000 a month to everyone

But you dont realize that will cripple the economy and drive inflation

Uh it won’t actually. It’ll increase consumer spending which is what makes capitalism, capitalism. People will spend that money on basic necessities like food, clothing, and shelter which are vital industries to the economy.

There will be very little to spend the helicopter money on as workers stay home instead of going to work

Why would they not go to work? 2000 per month doesn’t somehow replace a normal source of income. More importantly, this is temporary. Once the virus is over, they won’t get shit and would be out of work.

Because we can open the economy and they can get back to work, rather than go with the crazy far left plans of Venezuelan hyper inflation.

 

[Bush92]

Good idea, the GOP will kill it.

Hope they do. Just end the shutdown and let's get back to work. It's a dumb fucking idea. Who is going to pay for this?

 

[Bush92]

i want my check now. NOOOOOOW. wanna buy a guitar!

Kamala Harris and Bernie Sanders propose $2,000 monthly coronavirus payments for Americans

Harris said that the relief efforts so far are not "nearly enough to meet the needs of this historic crisis."

www.axios.com

First of all we need to look at the source. Sander, and Harris. Everything they know about economics you could fit in a thimble. Second, they are socialist hell bent on destroying the United States. I am all about unemployment insurance because those people were WORKING before the shutdown. Compensate them. People who were on welfare or SSI disability should only get their normal amount. They weren't working and paying taxes anyway.

 

[Mac-7]

No, for one I'm not demanding anything.

So you oppose the new lib giveaway?

No, I don't oppose it. Didn't realize I was demanding it either.

Penelope demanded it and you jumped into the conversation like her tag team partner

and now that I body slammed you its back under the ropes you go

Oh. So you can't even get the short history of this thread right.

I have it just right

libs want to give away $2,000 a month to everyone

But you dont realize that will cripple the economy and drive inflation

Uh it won’t actually. It’ll increase consumer spending which is what makes capitalism, capitalism. People will spend that money on basic necessities like food, clothing, and shelter which are vital industries to the economy.

There will be very little to spend the helicopter money on as workers stay home instead of going to work

Why would they not go to work? 2000 per month doesn’t somehow replace a normal source of income. More importantly, this is temporary. Once the virus is over, they won’t get shit and would be out of work.

Why would they not go to work? 2000 per month doesn’t somehow replace a normal source of income. More importantly, this is temporary. Once the virus is over, they won’t get shit and would be out of work.

the subliminal message being sent along with the free money is if they vote democrat the checks will never stop

 

[Norman]

No, for one I'm not demanding anything.

So you oppose the new lib giveaway?

No, I don't oppose it. Didn't realize I was demanding it either.

Penelope demanded it and you jumped into the conversation like her tag team partner

and now that I body slammed you its back under the ropes you go

Oh. So you can't even get the short history of this thread right.

I have it just right

libs want to give away $2,000 a month to everyone

But you dont realize that will cripple the economy and drive inflation

Uh it won’t actually. It’ll increase consumer spending which is what makes capitalism, capitalism. People will spend that money on basic necessities like food, clothing, and shelter which are vital industries to the economy.

There will be very little to spend the helicopter money on as workers stay home instead of going to work

Why would they not go to work? 2000 per month doesn’t somehow replace a normal source of income. More importantly, this is temporary. Once the virus is over, they won’t get shit and would be out of work.

Why would they not go to work? 2000 per month doesn’t somehow replace a normal source of income. More importantly, this is temporary. Once the virus is over, they won’t get shit and would be out of work.

the subliminal message being sent along with the free money is if they vote democrat the checks will never stop

Can't we just split the country in two already, one side for leftists where they can run their freak circus, the other where people will be ready to populate Mars in a decade, with no leftist nonsense of any kind tolerated. And then a BIG wall between the two, observable all the way from Mars.

That would be awesome.

 

[Deleted member 73486]

I don't think any fiscally conservative members of Congress (either Republican or Democrat) will go for this. It's DOA!