Stimulus & Bailout Watch Thread

Hood Critic

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we just added 4 trillion dollars to the national debt in 5 months :what: that used to be a bad decade. BOTH her 3.5 and 2 trillion dollar bills were unreasonable

we dont HAVE any of this money :dead:

The irony here is that there are millions of people right now who are making the decision to add hundreds, if not thousands, of dollars to their personal debt because they have no idea when they're going to work a full pay period, work again at all or simply receive aid from the government. Imagine those people saying they'd rather have their lights cut off, be evicted, or starve because it isn't fiscally responsible to use any form of credit to survive. They just added to their personal debt and they don't have any money. Yet they neither have the ability to increase their income at will, sell chunks of their debt for pennies on the dollar or just decide to log into their account and give themselves a healthy cash infusion to keep things going until they figure it out.

If only someone had multiple vehicles to leverage and ultimately profit off their debt, they'd just need parties interested in buying it. Hmmmm :jbhmm:
 

88m3

Fast Money & Foreign Objects
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Funny how Trump is ready to mail out checks to get them to needy families ASAP and at the same time, sabotaging the postal services to slow down mail.

:snoop::stopitslime::mjlol:
Yea he’s not too bright.

"You'll see your check sometime in the mail after the election and a letter signed by me DJT. Just trust me, Folks! What do you have to lose? First two weeks after the election, safe as banks". -DJT

:mjgrin::mjlol:
 

Pressure

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People are still expecting this extra money to hit with the back pay. And that's largely because of how poor the implementation was the first time around.

So if you're wondering why polling is so split, that's probably part of it.
 

winb83

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i dont disagree, but im sorry; it's still not the same thing :dead:
I'd love to hear the explanation of how the government spending too much and then printing up money from nothing isn't the same thing as the government spending too much and then printing up money from nothing.

The reason for doing it is slightly different at best. The end result is the same. The deficit grows. Maybe you personally feel better about the why of the government cutting taxes on the rich and corporations then shorting itself on income then printing up money to make up the shortfall rather than the why of the government doing it because the economy went to crap due to a pandemic.

In the end either way the deficit grows. The republican party loves to talk about fiscal responsibility and the deficit when the poor and middle class are at risk but they have no qualms about cutting taxes on the rich and corporations and driving the deficit up because of that.
 
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