Stimulus & Bailout Watch Thread

[powmia]

we're 25 trillion dollars in debt where the fukk are they getting the money to give everyone 2 grand a month? why do people who are working from home need that? myself included

i'll take it, but jesus

The same printing factory that the Fed uses to pump funny money "QE" into the stock market daily. This is documented. Millions of folks are out of work and unemployment is at all time highs. Yet, the stock market continues to rise. The market is a reflection of Wall street and not Main street.

 

[BK The Great]

Its unprecedented sure

But at some point they are going to cut the safety net. Social security, medicare etc. That cant happen

Question..if everyone gets 2k..what happens to medicaid and food stamp eligibility? Theyre all gonna be over the amount of funds. Unless they somehow make that money exempt (?). Idk how the fukk they would calculate that

From what i heard before they wanted to cash in 2 platinum coins that would be worth $1 Trillion, they also said that this money won't be taxed but who really knows if that would be true. As for Social Security and Medicare i don't know if this would effect it, But i've heard a while back Trump wanted to cut those out but people depend of those benefits. If they remove Medicare they will have to find a way to give people the help they need, same with Social Security. Then Basic income might be necessary, and that might cost more then these bills for the time being until the virus is controlled or a vaccine is ready. It's hard for me to even know anything about it i'm just trying to make sense out of all of this myself.

 

[NkrumahWasRight Is Wrong]

From what i heard before they wanted to cash in 2 platinum coins that would be worth $1 Trillion, they also said that this money won't be taxed but who really knows if that would be true. As for Social Security and Medicare i don't know if this would effect it, But i've heard a while back Trump wanted to cut those out but people depend of those benefits. If they remove Medicare they will have to find a way to give people the help they need, same with Social Security. Then Basic income might be necessary, and that might cost more then these bills for the time being until the virus is controlled or a vaccine is ready. It's hard for me to even know anything about it i'm just trying to make sense out of all of this myself.

Bank accounts and cash: Your first $2,000 are yours and yours alone. Medicaid will only count any dollars above this amount. For example, if you have $2,500 in your bank account, only $500 will count toward your Medicaid qualifying assets.Dec 11, 2018

This is the type of stuff im talking about

Medicaid would be obsolete

 

[NkrumahWasRight Is Wrong]

@BK The Great

SSI beneficiaries also are subject to an asset limit of $2,000 for an individual and $3,000 for a couple.

Everyone off SSI

 

[BK The Great]

This is the type of stuff im talking about

Medicaid would be obsolete

So they will be taking $500 for Medicare?

 

[NkrumahWasRight Is Wrong]

So they will be taking $500 for Medicare?

Quote was incomplete

Point is there is an asset limit for medicaid

2k is exempt then everything above that counts against the limit..which i believe varies by state

Another thing is disability and medicare recipients

This doesnt count as earned income towards the substantial gainful activity cap but i believe there may be an asset cap on that too

So yeah everyone gets the money now but in order for many to receive continuing benefits theyre going to have to literally blow all the money they get to stay under the caps

 

[BK The Great]

Quote was incomplete

Point is there is an asset limit for medicaid

2k is exempt then everything above that counts against the limit..which i believe varies by state

Another thing is disability and medicare recipients

This doesnt count as earned income towards the substantial gainful activity cap but i believe there may be an asset cap on that too

So yeah everyone gets the money now but in order for many to receive continuing benefits theyre going to have to literally blow all the money they get to stay under the caps

Oh ok. Weren't they pushing for Medicare for all? Will that have to be paid for down the line if that ever goes thru? I think they entire Health/Medicare/Hospital system will have to be updated or fixed after this pandemic slows down because it's all a mess to begin with.

 

[NkrumahWasRight Is Wrong]

Oh ok. Weren't they pushing for Medicare for all? Will that have to be paid for down the line if that ever goes thru? I think they entire Health/Medicare/Hospital system will have to be updated or fixed after this pandemic slows down because it's all a mess to begin with.

Some sort of restructuring is absolutely necessary in conjunction with any version of UBI. Simply adding money to everyones pockets is not as straightforward as it seems

 

[FAH1223]

One thing I don't understand about bailing out these corporations is how are they going to last when like, they're losing consumers by the millions, I mean shyt how much money can they keep burning?

 

[BK The Great]

There’s that. People won’t believe this though. It does sound too good to be true.

 

[ogc163]

 

[Ethnic Vagina Finder]

People need money now They might have to do this. I know it's gonna hurt to print all this money out but this is a real desperate time we're going thru right now.

Once the economy gets back to normal they can simply burn it like they always do.

All of that money will get spent and then taxed.

The fed regulates the money supply by destroying currency.

 

[88m3]

incredible

 

[voltronblack]

 

[Ethnic Vagina Finder]

There’s that. People won’t believe this though. It does sound too good to be true.

I been saying that shyt. It's not tax payer money.

The fed creates and destroys currency to regulate its value. They create money to lend to the government, and destroy excess to regulate inflation.

And you have elected officials that dont understand how this shyt works

Like where so people think money comes from in the first place? Why do people think the government got rid of the gold standard? Because the money supply would be finite and there wouldn't be billionaires today.