Stimulus
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simpleman
God Like
Saw this today, Demoncrats want the $2000 because it even goes to the rich, apparently no income cap on this one! This writes for Newsweek.
McConnell's Right – The $2000 Checks Are a Bad Idea | Opinion
Peter Roff 1 day ago
________________________________________
Nancy Pelosi's Home Graffitied Over '$2K' Stimulus Checks, Pig's…
Congress overrides veto of $741 billion defense bill, Trump calls Senate ‘pathetic’
McConnell's Right – The $2000 Checks Are a Bad Idea | Opinion
How much is enough? It's a question America is going to have to answer, and soon, lest the need for additional COVID relief packages overwhelm the nation's ability to pay for them. The national debt, which was close to a single year's gross domestic product when Donald J. Trump came into office four years ago, has more than doubled, thanks in no small part to efforts to alleviate the impact of the economic lockdown used to prevent the disease from spreading.
© Chip Somodevilla/Getty Right-wing Republicans on Twitter are praising Senate Majority Leader Mitch McConnell of Kentucky over President Donald Trump after a McConnell introduced a Senate proposal which could deny Trump and Democrats an increase in COVID-19 stimulus checks intended for American adults economically harmed by the ongoing pandemic. In this September 30, 2020 photo, McConnell talks to reporters following the weekly Senate Republican policy luncheon in the Hart Senate Office Building in Washington, DC.
As the numbers show, it didn't work. The states with some of the most severe restrictions on commercial activity, like California and New York, continue to lead the rest of the states in deaths per capita and new infections. It's almost as if the wearing of masks, the requirements that people stay six feet apart from one another and not venture out into public and the closures of small businesses like restaurants and churches have done almost nothing to keep COVID-19 from spreading.
There are more than a few commentators who've been bold enough to suggest that outright. It's going to take a lot more study of the data to determine if they're right but what we now know is sufficient to suggest there's more truth to these presumptions than many of the so-called experts driving the national dialogue are willing to entertain may be the case.
All that is for later. What matters now is whether the latest COVID-19 package is enough or, as President Donald J. Trump, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer believe, if the American people need another round of so-called stimulus checks from Washington to make it though.
They don't—and Senate Majority Leader Mitch McConnell was right when he stopped the bill to do just that from moving forward. If he erred, and it is not clear he did, it was in offering his own version of the bill that, along with the $2000 checks would eliminate a provision of federal telecommunications law that conservatives say allows major platforms like Twitter and Facebook to censor posts with impunity and establish a federal commission to make recommendations to combat voter fraud.
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Pelosi planning to seat Iowa rep.-elect who won race by six votes
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The Democrats could never vote for such a measure—big tech has invested too much in the party's electoral success for them to sign on—so offering it as an alternative is a crafty way for McConnell to kill the so-called stimulus while making it look like the fault of Schumer and company, not the GOP. Some of his partisan colleagues up for reelection in 2022 may need the political cover his effort provides but, in all honesty, he should have stood his ground and just said "no."
It's not that the money would go to families that don't need it. The economics of the distribution algorithm would allow families making several hundreds of thousands a year declared eligible to receive a check, perhaps for more than $2000 depending on marital status and number of dependents. They don't need it but—as both Sen. Schumer and Speaker Pelosi have many constituents among the caviar-consuming, designer-ice-cream-eating, Louis Vuitton-carrying crowd who would qualify, it's little surprise they're on board. They probably also appreciate the optics associated with seeming like Santa Claus while McConnell comes across as Scrooge.
Except McConnell isn't, at least not as far as the economics are concerned. A one-time payment of $2000 may help some families clear some debts but it won't do anything to get the economy going. What we know from the available data is that the open states, most of them red states, are doing better than the mostly blue states where the lockdowns continue.
If the lockdowns aren't doing much to mitigate the impact of COVID, if the disease is still mostly passed from person to person in home and family settings, and if most all the people who die from it would have shortly died from something else—all things much of the available data show are true—then the best stimulus the economy could have would be for the shuttered states to reopen so everyone could go back to work.
If stopping the checks means more people clamoring for a return to normalcy, then McConnell has done the nation a great service. Larry Summers, the liberal economist who served as Bill Clinton's treasury secretary and director of Barack Obama's National Economic Council has said: "There is no good economic argument" for universal checks. The economy is roaring back, in fits and starts, with third-quarter 2020 growth at a never-before-seen 33 percent, adjusted on an annualized basis. The checks Trump, Pelosi and Schumer want can't improve on that. They can put our children and grandchildren deeper into debt than they already are.
McConnell should maintain his hard "no." As Ronald Reagan said, "The best welfare program is a job" which, expanded out, means the best form of stimulus—and what we need right now—is to let the American people get back to work, not subsidize their continuing to stay home.
Newsweek contributing editor Peter Roff has written extensively about politics and the American experience for U.S. News and World Report, United Press International, and other publications. He can be reached by email at [email protected]. Follow him on Twitter @PeterRoff.
McConnell's Right – The $2000 Checks Are a Bad Idea | Opinion
Peter Roff 1 day ago
________________________________________
Nancy Pelosi's Home Graffitied Over '$2K' Stimulus Checks, Pig's…
Congress overrides veto of $741 billion defense bill, Trump calls Senate ‘pathetic’
McConnell's Right – The $2000 Checks Are a Bad Idea | Opinion
How much is enough? It's a question America is going to have to answer, and soon, lest the need for additional COVID relief packages overwhelm the nation's ability to pay for them. The national debt, which was close to a single year's gross domestic product when Donald J. Trump came into office four years ago, has more than doubled, thanks in no small part to efforts to alleviate the impact of the economic lockdown used to prevent the disease from spreading.
© Chip Somodevilla/Getty Right-wing Republicans on Twitter are praising Senate Majority Leader Mitch McConnell of Kentucky over President Donald Trump after a McConnell introduced a Senate proposal which could deny Trump and Democrats an increase in COVID-19 stimulus checks intended for American adults economically harmed by the ongoing pandemic. In this September 30, 2020 photo, McConnell talks to reporters following the weekly Senate Republican policy luncheon in the Hart Senate Office Building in Washington, DC.
As the numbers show, it didn't work. The states with some of the most severe restrictions on commercial activity, like California and New York, continue to lead the rest of the states in deaths per capita and new infections. It's almost as if the wearing of masks, the requirements that people stay six feet apart from one another and not venture out into public and the closures of small businesses like restaurants and churches have done almost nothing to keep COVID-19 from spreading.
There are more than a few commentators who've been bold enough to suggest that outright. It's going to take a lot more study of the data to determine if they're right but what we now know is sufficient to suggest there's more truth to these presumptions than many of the so-called experts driving the national dialogue are willing to entertain may be the case.
All that is for later. What matters now is whether the latest COVID-19 package is enough or, as President Donald J. Trump, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer believe, if the American people need another round of so-called stimulus checks from Washington to make it though.
They don't—and Senate Majority Leader Mitch McConnell was right when he stopped the bill to do just that from moving forward. If he erred, and it is not clear he did, it was in offering his own version of the bill that, along with the $2000 checks would eliminate a provision of federal telecommunications law that conservatives say allows major platforms like Twitter and Facebook to censor posts with impunity and establish a federal commission to make recommendations to combat voter fraud.
Pause
Current Time 1:15
/
Duration 3:16
Loaded: 48.55%
Unmute
0
Fullscreen
Pelosi planning to seat Iowa rep.-elect who won race by six votes
Click to expand
•
•
•
The Democrats could never vote for such a measure—big tech has invested too much in the party's electoral success for them to sign on—so offering it as an alternative is a crafty way for McConnell to kill the so-called stimulus while making it look like the fault of Schumer and company, not the GOP. Some of his partisan colleagues up for reelection in 2022 may need the political cover his effort provides but, in all honesty, he should have stood his ground and just said "no."
It's not that the money would go to families that don't need it. The economics of the distribution algorithm would allow families making several hundreds of thousands a year declared eligible to receive a check, perhaps for more than $2000 depending on marital status and number of dependents. They don't need it but—as both Sen. Schumer and Speaker Pelosi have many constituents among the caviar-consuming, designer-ice-cream-eating, Louis Vuitton-carrying crowd who would qualify, it's little surprise they're on board. They probably also appreciate the optics associated with seeming like Santa Claus while McConnell comes across as Scrooge.
Except McConnell isn't, at least not as far as the economics are concerned. A one-time payment of $2000 may help some families clear some debts but it won't do anything to get the economy going. What we know from the available data is that the open states, most of them red states, are doing better than the mostly blue states where the lockdowns continue.
If the lockdowns aren't doing much to mitigate the impact of COVID, if the disease is still mostly passed from person to person in home and family settings, and if most all the people who die from it would have shortly died from something else—all things much of the available data show are true—then the best stimulus the economy could have would be for the shuttered states to reopen so everyone could go back to work.
If stopping the checks means more people clamoring for a return to normalcy, then McConnell has done the nation a great service. Larry Summers, the liberal economist who served as Bill Clinton's treasury secretary and director of Barack Obama's National Economic Council has said: "There is no good economic argument" for universal checks. The economy is roaring back, in fits and starts, with third-quarter 2020 growth at a never-before-seen 33 percent, adjusted on an annualized basis. The checks Trump, Pelosi and Schumer want can't improve on that. They can put our children and grandchildren deeper into debt than they already are.
McConnell should maintain his hard "no." As Ronald Reagan said, "The best welfare program is a job" which, expanded out, means the best form of stimulus—and what we need right now—is to let the American people get back to work, not subsidize their continuing to stay home.
Newsweek contributing editor Peter Roff has written extensively about politics and the American experience for U.S. News and World Report, United Press International, and other publications. He can be reached by email at [email protected]. Follow him on Twitter @PeterRoff.
Danil54grl
Top Poster
i thought I read there was a $74,000 cap on this one?
simpleman
God Like
Not sure and according to this article, it seems there isn't! At this point, it it hard to believe anyone!
Nora Michels
Member
...I only read the first page of comments, so forgive me if this has been said already, or if I'm being just plain silly lol, but: I'm kinda glad the 2,000 dollar stimulus didn't go through; there was way too much crap in there that costed way too much money for things way too unnecessary lol. Billions and billions of dollars mostly going to foreign countries for things like gender studies in countries that are like, the most sexist, barbaric places on Earth lmao. I won't go over all the stupid things hidden in that bill; I'm sure you know the big ones already lol, but yeah, and then a measly 2K for the American People. Which as has been said, was OUR money to begin with ANYWAY. They're pissing on us without even the decency of calling it RAIN lol.
...The only thing I actually kinda like that's hidden in the new Covid-Relief bill is the whole thing about giving the Department of Defense 180 days to disclose information about the UFO's and aliens lmao. ...And I say that kinda jokingly...buuut I'm also kinda friggin' serious; especially because I bet my mom at the end of 2020 that we were probably going to get invaded by aliens in 2021, and this 180 Day Countdown to Full Disclosure from the Department of Defense is starting to look really good for my prediction. I'm like, PSYCHIC lmao. But yeah, in all seriousness, I've been terrified of an alien invasion ever since my family and I had an experience with a bunch of UFOs when we were living in Alaska; (I grew up there then moved somewhere warmer, with less flying saucers).
I even dare say that experience was probably what initially prompted me to start Prepping lol. I'm only slightly embarrassed by that lol, because man, if you guys saw what my family and I saw....you'd be scared too lmao. I'll make a separate thread about that night. XD
Oh,here's a link about the hopefully-forthcoming disclosure. I don't have my hopes too high, but maybe; it's not like people don't kinda already know as it is; they might as well just go out and say it at this point lol.
https://www.military.com/daily-news...months-disclose-what-it-knows-about-ufos.html
...The only thing I actually kinda like that's hidden in the new Covid-Relief bill is the whole thing about giving the Department of Defense 180 days to disclose information about the UFO's and aliens lmao. ...And I say that kinda jokingly...buuut I'm also kinda friggin' serious; especially because I bet my mom at the end of 2020 that we were probably going to get invaded by aliens in 2021, and this 180 Day Countdown to Full Disclosure from the Department of Defense is starting to look really good for my prediction. I'm like, PSYCHIC lmao. But yeah, in all seriousness, I've been terrified of an alien invasion ever since my family and I had an experience with a bunch of UFOs when we were living in Alaska; (I grew up there then moved somewhere warmer, with less flying saucers).
I even dare say that experience was probably what initially prompted me to start Prepping lol. I'm only slightly embarrassed by that lol, because man, if you guys saw what my family and I saw....you'd be scared too lmao. I'll make a separate thread about that night. XD
Oh,here's a link about the hopefully-forthcoming disclosure. I don't have my hopes too high, but maybe; it's not like people don't kinda already know as it is; they might as well just go out and say it at this point lol.
https://www.military.com/daily-news...months-disclose-what-it-knows-about-ufos.html
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Well if both Demoncrats "win" in Georgia, the Demoncrats promised we will get the $2000 as soon as they control the Senate, which is this weekend I believe.
Amish Heart
A True Doomsday Prepper
The economy will collapse anyway. All this money being printed will collapse it. Didn't matter if it was $600 or $2K.
Nora Michels
Member
@Dr. Henley: Yep, pretty sure the Democrats won't win in Georgia; might still be a bit too early to call; there's 91% of the results in currently and both Republicans are leading by 2-3 points or so. If the Democrats did win though, I wouldn't be too worried. The worst case scenario is that the Balance of Power is a perfect 50/50 split with no one side having any more or less power than the other...I kinda like that lol. Looks like the Republicans will maintain their majority anyway though.
@Amish Hart: Not sure how that works; I'm not familiar enough with how economics work to comment on the economy lol.
@Amish Hart: Not sure how that works; I'm not familiar enough with how economics work to comment on the economy lol.
In a 50/50 split, the VP is the deciding vote.
Nora Michels
Member
Ohhhh...well, that'd suck lol.
Edit: Scratch what I said before. Looks like the Democrats are probably going to steal the election in Georgia too. MIND...BLOWN lol. I don't get it; the Warnock guy is a racist child abusing wife beater, and the Ossoff guy is an arrogant socialist traitor; a lot of Democrats themselves hated both of them lol. Statistically both of them winning is, like, kinda impossible? One would think. Smh.
Edit: Scratch what I said before. Looks like the Democrats are probably going to steal the election in Georgia too. MIND...BLOWN lol. I don't get it; the Warnock guy is a racist child abusing wife beater, and the Ossoff guy is an arrogant socialist traitor; a lot of Democrats themselves hated both of them lol. Statistically both of them winning is, like, kinda impossible? One would think. Smh.
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Amish Heart
A True Doomsday Prepper
You should probably read up on what happened to cause the Great Depression, Nora. Also take a look at our national debt. Inflation. Deflation. Implosion. How are your food prices doing compared to 3 yrs ago? Remembering when pork was always under a buck a lb, I could find TBones on sale for $3.99 lb, and roasts. A fast food order was not $8-$10 for a #1 meal.
Mountain Dragon
A True Doomsday Prepper
T-Bone for 3.99 / lbs? I move.... it's over 30 / lbs here... LMAO - Pork is around 35 by kilogramm 
I personally see an very high risk for an economic collapse here in Europe too. Still think we're very close to it and if it comes the Black Friday from 1929 would look like an kiddies b-day party....
The problem here is as well the globalization. Everything in the economy is absolutly worldwide connected and will crash together too.
I personally see an very high risk for an economic collapse here in Europe too. Still think we're very close to it and if it comes the Black Friday from 1929 would look like an kiddies b-day party....
The problem here is as well the globalization. Everything in the economy is absolutly worldwide connected and will crash together too.
Arcticdude
Top Poster
600 bucks? BFD. That's a six pack of Hamms, a domestic cigar and a cheap hooker.
Mountain Dragon
A True Doomsday Prepper
Forget the cigar and you'll get 2 very cheap hookers?
Amish Heart
A True Doomsday Prepper
Your wife could suggest a better way to use the $600, Arctic Dude
Arcticdude
Top Poster
No doubt about that. She has no problem spending money. But mostly she saves and invests every penny she can get her paws on.
Arcticdude
Top Poster
I like your way of thinking MD. 2 hookers would certainly stimulate me.
Amish Heart
A True Doomsday Prepper
Let's invite your wife to the forum
Nora Michels
Member
...I'm buying a Garmin Montana 680t GPS for my Second Line Gear lol. =P
GPS units are great, useful and a good nav aid, BUT they must ALWAYS have a map and compass back up. The US miltary frequently over the year move the point of accuracy to being up to 300 yards our during times of crisis, and the signals can also be blocked by nature or jammed by humans, and it relies on electricity so its not 100% reliable. GPS as primary with M & C as secondary is belt and braces.
