FanboyOf91 Posted March 19, 2020 Share Posted March 19, 2020 Shame they won't be allowed to enter the Promised Land. Link to comment Share on other sites More sharing options...
Larry Posted March 19, 2020 Share Posted March 19, 2020 What good's a stimulus check going to do, if we're still out of toilet paper? 1 Link to comment Share on other sites More sharing options...
PeterMP Posted March 19, 2020 Share Posted March 19, 2020 (edited) 4 hours ago, sportjunkie07 said: devalue our currency, and make it harder for the less financially fortunate in the long wrong. I'm going to put on my semi-MMT hat here: Over the last 20+ years or so, there's really no evidence based on traditional methods of measuring the value of our currency that printing more and more money has hurt the value of our currency. During that time, the debt has done nothing, but go up and the deficit as gone up, down, up, down, and back up again. Despite that, based on historical measures our currency has remained at essentially the same strength by 3 normal measures: 1. The exchange rate for the dollar vs. other global currencies has been pretty steady and even strong. 2. Inflation has been low. For a good part of that the Fed has even tried unsuccessfully to increase inflation (at least based on public statements). 3. People are still willing to buy our debt at ridiculously low interest rates to be paid in future dollars (which makes no sense if you are expecting devaluation of the currency). In general If X has been happening and Y hasn't and you are worried about doing more X because X causes Y, you might want to re-think your position. (As far as the financially less fortunate, as long as inflation isn't going crazy them having jobs because the government is spending is surely better than the alternative (i.e. the government not spending and them losing jobs). And that's ignoring the benefit of having a job in terms of mental health.) Edited March 19, 2020 by PeterMP 1 Link to comment Share on other sites More sharing options...
visionary Posted March 19, 2020 Share Posted March 19, 2020 Link to comment Share on other sites More sharing options...
TD_washingtonredskins Posted March 19, 2020 Share Posted March 19, 2020 42 minutes ago, Larry said: What good's a stimulus check going to do, if we're still out of toilet paper? It's one extra wipe that you didn't have before. Unless they direct deposit it... 2 Link to comment Share on other sites More sharing options...
visionary Posted March 19, 2020 Share Posted March 19, 2020 Link to comment Share on other sites More sharing options...
TD_washingtonredskins Posted March 19, 2020 Share Posted March 19, 2020 Thanks for posting...that's not nearly as expansive as I thought it would be. But I hope it helps! Link to comment Share on other sites More sharing options...
Simmsy Posted March 19, 2020 Share Posted March 19, 2020 The GOP is finally doing something right, but I hope Americans don't give them a free pass for the last 3.5 years. Link to comment Share on other sites More sharing options...
visionary Posted March 19, 2020 Share Posted March 19, 2020 Link to comment Share on other sites More sharing options...
Isifhan Posted March 19, 2020 Share Posted March 19, 2020 Every one of these mother****ers better end up in prison. Assuming we make it through this mess. **** Burr and the rest of the gop. 2 Link to comment Share on other sites More sharing options...
FanboyOf91 Posted March 19, 2020 Share Posted March 19, 2020 Link to comment Share on other sites More sharing options...
AlvinWaltonIsMyBoy Posted March 19, 2020 Share Posted March 19, 2020 1200 bucks and 500 per child? That won’t last two weeks. What a mess. 1 Link to comment Share on other sites More sharing options...
Barry.Randolphe Posted March 19, 2020 Share Posted March 19, 2020 4 minutes ago, AlvinWaltonIsMyBoy said: 1200 bucks and 500 per child? That won’t last two weeks. What a mess. And only the max amount for people making under 75k? Lame try by the GOP. 1 Link to comment Share on other sites More sharing options...
CousinsCowgirl84 Posted March 19, 2020 Share Posted March 19, 2020 1 hour ago, PeterMP said: If X has been happening and Y hasn't and you are worried about doing more X because X causes Y, you might want to re-think your I guess we will find out if deficit spending or low interest rates when the economy is doing well matters or not, soon enough. Link to comment Share on other sites More sharing options...
sjinhan Posted March 19, 2020 Share Posted March 19, 2020 15 minutes ago, Barry.Randolphe said: And only the max amount for people making under 75k? Lame try by the GOP. both DNC and GOP are idiots... this needs to be UBI. No means testing! 21 minutes ago, AlvinWaltonIsMyBoy said: 1200 bucks and 500 per child? That won’t last two weeks. What a mess. it is not supposed to be total replacement of income lost but an aid... whatever you get is more than what you had before... however the aid package need to be UBI and means tested... i mean what happens if you had $75k/year and just got let go??? Do we really want to go through mountain of paperwork in an emergency??? And this paperwork processing is going to be wasting money and time... 2 Link to comment Share on other sites More sharing options...
Sacks 'n' Stuff Posted March 19, 2020 Share Posted March 19, 2020 I’m predicting the stock market will get wrecked tomorrow. 1 Link to comment Share on other sites More sharing options...
Bacon Posted March 19, 2020 Share Posted March 19, 2020 (edited) It seems somewhat likely (though by no means guaranteed) that my wife will be able to start working from home for her TV/film advertising job and she managed to survive a rash of layoffs. She's increasingly confident that she will have a job through this and has at least a week of sick time and vacation time to draw from for emergencies. Between that and the possibility of pulling in $2900 jointly with our daughter, I'm feeling less terrified about our financial prospects. Thank God, seriously. If we get through this unscathed financially, it will be an actual miracle. Still quite a tightrope to walk and I'm having a brutal time finding any online teaching work in lieu of substitute teaching. Edited March 19, 2020 by Bacon 2 Link to comment Share on other sites More sharing options...
visionary Posted March 19, 2020 Share Posted March 19, 2020 Link to comment Share on other sites More sharing options...
Larry Posted March 19, 2020 Share Posted March 19, 2020 25 minutes ago, Barry.Randolphe said: And only the max amount for people making under 75k? Lame try by the GOP. I could see the argument that giving $1,000 to a guy who was only taking home $1,000/mo, last week, and giving the same amount to somebody who was making $6,000/mo, and has bills to match, might be unfair. But I think I've got a proposal that might satisfy both. Send out $1,000/mo to everybody, and implement Larry's plan to suspend mortgage payments. I assume that hypothetical guy who was making $6K/mo can last a lot longer, if he's not making a mortgage payment. And all that plan costs the government is the interest on all those loans. Link to comment Share on other sites More sharing options...
skinfan2k Posted March 19, 2020 Share Posted March 19, 2020 These payment should only be for food. The Govt needs to freeze all payments like cable, mortgage, insurance, etc for all americans. If you make more than 100k, tough luck if you don't have any extra savings. Link to comment Share on other sites More sharing options...
FanboyOf91 Posted March 19, 2020 Share Posted March 19, 2020 Just cut the checks, you'll save on the paperwork bull****. Link to comment Share on other sites More sharing options...
The Sisko Posted March 20, 2020 Share Posted March 20, 2020 40 minutes ago, sjinhan said: both DNC and GOP are idiots... this needs to be UBI. No means testing! it is not supposed to be total replacement of income lost but an aid... whatever you get is more than what you had before... however the aid package need to be UBI and means tested... i mean what happens if you had $75k/year and just got let go??? Do we really want to go through mountain of paperwork in an emergency??? And this paperwork processing is going to be wasting money and time... Why, it's almost as if the Grand Oligarch's Party doesn't really want most people to qualify for help and are only trying to look like they're helping those of us who aren't "job creators." Naaah, that can't be it. 1 Link to comment Share on other sites More sharing options...
Nerm Posted March 20, 2020 Share Posted March 20, 2020 I agree about just cutting the checks. I think it is far more important to get them out fast, than it is to make sure that wealthy people do not get them. You can figure out later how to get money back from people who didn't need it. That would be a lot easier than predicting who doesn't need it based on their income in prior years. 1 Link to comment Share on other sites More sharing options...
AlvinWaltonIsMyBoy Posted March 20, 2020 Share Posted March 20, 2020 39 minutes ago, Sacks 'n' Stuff said: I’m predicting the stock market will get wrecked tomorrow. I’m predicting relatively flat. Options expire tomorrow. They’ll try to drain as much volatility as they can. I expect another dump on Monday. Link to comment Share on other sites More sharing options...
Larry Posted March 20, 2020 Share Posted March 20, 2020 Quote Details on Senate GOP’s massive stimulus plan to prop up consumers, companies, local govt amid coronavirus: —tax rebates to individuals of $1,200 and $2,400 for married —$208B in loans for businesses —cap on salaries for execs at companies that get money. Just wondering, is that a refundable tax credit? Does the minimum wage guy who doesn't have any income tax get any? 1 Link to comment Share on other sites More sharing options...
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