Democrats purposing 2k per person every month.Suspending Mortgage/credit card etc payments

[Real]

There not that expensive breh....

The Frame tv is around 1700 dollars breh

 

[Brolic]

Wouldn't that cause inflation?

 

[Stir Fry]

I wonder if that $2k is pre-taxable?

 

[TallMan_J]

Not the only nikka trying to get a tv I see

You brehs got the right idea. It’s starting to get warm. My stimulus bag might be spent on a nice patio set.

 

[DJ Paul's Arm]

This ain't passing

Remember this is America jack

 

[ThisWorldAintRight]

will you change your avi/name if it does?

Yo you just reminded me, it's been a year, I can change my name now. So, maybe.

 

[Problematic Pat]

We need to egg the Republicans on so they come up with a proposal that's even better and then do the same with Democrats after.

 

[shopthatwrecks]

I mean it sounds good and cut the check but where the fukk is the money coming from

Especially with everything stoping

if u goto ya nearest shell exxon etc to get gas and u see

on the ground in between the pump and the trash cans..you gone question where it came from or take it??

 

[AAKing23]

I mean it sounds good and cut the check but where the fukk is the money coming from

Especially with everything stoping

Federal Reserve

 

[SuavePrince]

if this happens imma treat myself and get that Samsung frame tv

Invest that money breh first

 

[bnew]

I'm still paying off my credit cards, why wait? Especially knowing you won't get that $2000 forever.

flip that $2K, then pay it off

 

[Nobu]

I mean it sounds good and cut the check but where the fukk is the money coming from

Especially with everything stoping

Like with a lot of government spending, it comes from nowhere. Just print more money.

The US follows an economic theory called "Modern Monetary Theory", which basically says that government deficits and debts aren't inherently bad, since the government can always just print more money to make payments on its debts

The only concern is not causing hyperinflation, but in certain instances you can print a lot of money without necessarily causing hyperinflation. Hyperinflation needs 2 things to happen, 1. fast growth in the money supply AND 2. a "high velocity of money", people are exchanging money very often. Thus, it's possible to quickly increase the money supply (e.g. by spending out of thin air like this) without necessarily causing hyperinflation, by doing it when there is a "low velocity of money", which there will be in a rough time like this.

That's just my basic intro macroeconomics understanding. I'll have to watch some YouTube videos on the Modern Monetary Theory witchcraft now to understand it more. Indubitably

 

[BaggerofTea]

I mean it sounds good and cut the check but where the fukk is the money coming from

Especially with everything stoping

Exactly. Who's paying who? It doesn't even make sense. The basis of giving money was so people could pay bills, but if those are being suspended what are we doing?

As you can see with these corporate bailouts, money is of no object to the federal government

This is more or less a consumer bailout

 

[shutterguy]

The Frame tv is around 1700 dollars breh

That's nothing, I paid $2,200 for my 65" Samsung KS8000 back in 2016, cash. Then almost another $2K for an AVR.

 

[Easy-E]

Hope this passes. Need some good news

If Americans weren't so "boot-strapper-y" we'd done this instead of that bullshyt tax cut and prolly be in a better place to save for ourselves through this.

But, yea, this shyt is great