Proposal to give $2,000 per month to Americans gains traction in Senate

JimBob1952 said:
Didn't they already tack $600 per week ($2400+ per month) onto unemployment? That's on top of what unemployment already pays. So an unemployed person could be taking home over $4000 per month.

Many companies (CVS, Kroger, Wal-Mart, truckers) are hiring but they can't compete with getting paid the equivalent of $50,000 per year to stay home and play Nintendo.

I would be in favor of a) massive infrastructure spending and b) subsidies to state and local govts. so they can keep people working. Not a $2000 per month handout.
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"I would be in favor of a) massive infrastructure spending and b) subsidies to state and local govts. so they can keep people working. Not a $2000 per month handout."

That makes a lot more sense than giving everyone, needed or not the $2,000. We need jobs and we need infrastructure spending a win win.
 

oldmontana said:
"I would be in favor of a) massive infrastructure spending and b) subsidies to state and local govts. so they can keep people working. Not a $2000 per month handout."

That makes a lot more sense than giving everyone, needed or not the $2,000. We need jobs and we need infrastructure spending a win win.
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Those that don’t want it, can send it back.
 
Well here they are talking about giving more money out, when they haven't paid us anything yet. We are making it okay on our fixed income.

Others are not doing so well. My daughter in law said her Dad, Mom, sister, brother in law, and their 4 children are living on Dad's social security check. He owns a business which employs his son in law part time. Wife is too young for SS. Daughter is stay at home mom.
None of them qualifies for unemployment benefits. Dad hasn't been able to get any money for his limo business, which has no customers.
Sister and brother in law just built and moved into a new house, which means a mortgage. Bad timing? Yes, but who could see this coming? Get another job? Not likely in this economy. These are hard working people caught in tough circumstances. There are some people going through real hardships. Some may never catch up.

Husband's nephew is 3 months behind on his house payments. He's always struggled with finances, but the house is almost paid for. He got a new girlfriend about 5 months ago. She needed medical attention and he took his truck to a payday loans storefront to borrow $3K. He paid $1K and got behind in payments. My husband went to the place and had to pay more than $3K more to get the title to his truck. He agreed to pay $300 a month to pay it off. He paid one payment before being laid off when everything shut down in March. Not everyone is smart with finances or life decisions. Not everyone is sitting pretty with wads of cash coming to them.

In the coming months many homes will go into foreclosure and the dreams of home ownership will be crushed. Many business will be lost.
That's not an easy thing to watch. Not everyone can come back from such hardship, especially if what happened was beyond their control, through no fault of their own.
 
Duster said:
Well here they are talking about giving more money out, when they haven't paid us anything yet. We are making it okay on our fixed income.

Others are not doing so well. My daughter in law said her Dad, Mom, sister, brother in law, and their 4 children are living on Dad's social security check. He owns a business which employs his son in law part time. Wife is too young for SS. Daughter is stay at home mom.
None of them qualifies for unemployment benefits. Dad hasn't been able to get any money for his limo business, which has no customers.
Sister and brother in law just built and moved into a new house, which means a mortgage. Bad timing? Yes, but who could see this coming? Get another job? Not likely in this economy. These are hard working people caught in tough circumstances. There are some people going through real hardships. Some may never catch up.

Husband's nephew is 3 months behind on his house payments. He's always struggled with finances, but the house is almost paid for. He got a new girlfriend about 5 months ago. She needed medical attention and he took his truck to a payday loans storefront to borrow $3K. He paid $1K and got behind in payments. My husband went to the place and had to pay more than $3K more to get the title to his truck. He agreed to pay $300 a month to pay it off. He paid one payment before being laid off when everything shut down in March. Not everyone is smart with finances or life decisions. Not everyone is sitting pretty with wads of cash coming to them.

In the coming months many homes will go into foreclosure and the dreams of home ownership will be crushed. Many business will be lost.
That's not an easy thing to watch. Not everyone can come back from such hardship, especially if what happened was beyond their control, through no fault of their own.
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Duster, that's awful. I'm sorry to hear of your family's struggles. Have you used the IRS tools to check on your stimulus payment? https://www.irs.gov/coronavirus/economic-impact-payments
 
How gracious, the rank and file of U.S. Senator's salaries is $174.ooo per year.
I would like to see them try to live on $2,000.00 per month.

I wonder who is going to put these funds back into the U. S.
Treasury?
I've counted my money three times: one thousand, two thousand-nope, three-nope.... Always had trouble with math...
can't divide 174.000 by 12, bet it's more than $1,000.00 per month.
 
jerry old said:
How gracious, the rank and file of U.S. Senator's salaries is $174.ooo per year.
I would like to see them try to live on $2,000.00 per month.

I wonder who is going to put these funds back into the U. S.
Treasury?
I've counted my money three times: one thousand, two thousand-nope, three-nope.... Always had trouble with math...
can't divide 174.000 by 12, bet it's more than $1,000.00 per month.
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I thought you were "brainy." And in what pipe-dream would a stimulus payment for millions of Americans be the equivalent of a Senator's salary? 😏
 
jerry old said:
How gracious, the rank and file of U.S. Senator's salaries is $174.ooo per year.
I would like to see them try to live on $2,000.00 per month.

I wonder who is going to put these funds back into the U. S.
Treasury?
I've counted my money three times: one thousand, two thousand-nope, three-nope.... Always had trouble with math...
can't divide 174.000 by 12, bet it's more than $1,000.00 per month.
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14,500 a month, but depending on how much they claim on their taxes they could have gotten the stimulus checks.
 
Aneeda72 said:
I don’t think anyone plays Nintendo anymore. But if you have money and don’t need money then you are against the monthly checks, but if you don’t have money and need money you are for the checks. There will be some exceptions, of course.

As for unemployment, I don’t get it. I would have had to be employed first 😂. I’d like a job, but can’t work so there you go. A handout is just fine with me.
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nothing to say to that.
 
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Duster said:
Well here they are talking about giving more money out, when they haven't paid us anything yet. We are making it okay on our fixed income.

Others are not doing so well. My daughter in law said her Dad, Mom, sister, brother in law, and their 4 children are living on Dad's social security check. He owns a business which employs his son in law part time. Wife is too young for SS. Daughter is stay at home mom.
None of them qualifies for unemployment benefits. Dad hasn't been able to get any money for his limo business, which has no customers.
Sister and brother in law just built and moved into a new house, which means a mortgage. Bad timing? Yes, but who could see this coming? Get another job? Not likely in this economy. These are hard working people caught in tough circumstances. There are some people going through real hardships. Some may never catch up.

Husband's nephew is 3 months behind on his house payments. He's always struggled with finances, but the house is almost paid for. He got a new girlfriend about 5 months ago. She needed medical attention and he took his truck to a payday loans storefront to borrow $3K. He paid $1K and got behind in payments. My husband went to the place and had to pay more than $3K more to get the title to his truck. He agreed to pay $300 a month to pay it off. He paid one payment before being laid off when everything shut down in March. Not everyone is smart with finances or life decisions. Not everyone is sitting pretty with wads of cash coming to them.

In the coming months many homes will go into foreclosure and the dreams of home ownership will be crushed. Many business will be lost.
That's not an easy thing to watch. Not everyone can come back from such hardship, especially if what happened was beyond their control, through no fault of their own.
Click to expand...
Exactly. For people who have money it’s business as usual. But for those that don’t this is horrific. I am so sorry this has happened in your family.
 
Don M. said:
Amen! I'm in favor of the government making some Short Term expenditures, in case of a national emergency, but then, taxes should be raised to pay off that debt, ASAP. Eventually, government deficits lead to problems that affect everyone. I'm 100% in favor of balanced budgets...our State has that and if they need more money, they either raise taxes, or reevaluate the "need". Our kids and grandkids will have enough problems to face without having to pay our generations debts.
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Unfortunately your state does not have the power to print money, hence the balanced budget requirement.

We have already passed some sort of point of no return regarding the national debt. At $25 trillion and growing, I don't see any way we will ever get it under control.
C'est Moi said:
I found this article extremely interesting. https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html

I used to naively think, "if we have such a national debt why don't they just print more money?" and it appears I was not far from the mark. :D
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Printing more money is like a lot of things. It works for a while, until it doesn't.
 
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