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Trump wants to send Americans $1,000 checks to cushion virus economic shock

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1 minute ago, tonray said:

Essentially it becomes a loan against future tax increases...there is no free ride. Now if they say "we are cutting programs X,Y,and Z to finance it" Ok...but as it stands either you will pay it back with interest in a future tax bill - or- it will add to deficit and and you will pay it back with extended low rates on savings.

 

Maybe we will follow the example of Europe and charge people to hold our debt. Could be a good earner.

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1 minute ago, englishoak said:

 

Strawman argument and if I may say so a disconnected one to the current situation. The world is shutting down in case you hadnt noticed. 

This isnt normal times and most households arnt going t buy a new phone when they have to pay for food or bills. 

 

I don't actually care what people do with the money. I give homeless people cash unconditionally I don't worry if they buy booze or drugs. 

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2 minutes ago, lannarebirth said:

I understand that very well, that's why I want them to receive these funds. Middle income people have mortgages too you know. 94% of new jobs in the past 10 years have been gig, part time or contract. No severance, no medical, no security at all. I'm happy these people aren't going to become homeless. I'm happy the homeless will receive funds. Maybe it will change their lives. Maybe it's a turning point for America and they regain their humanity which has been lost. Maybe people will realize we can eradicate poverty. Who knows?

You want to make it need based, fine.  Also, unemployment benefits should be made much more generous. Anyway, if anything is going to kill the Republicans in the next election it's going to be their continued opposition to Universal Health Care.

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1 minute ago, bristolboy said:

You want to make it need based, fine.  Also, unemployment benefits should be made much more generous. Anyway, if anything is going to kill the Republicans in the next election it's going to be their continued opposition to Universal Health Care.

 

This crisis is world changing, the system is going to change because there will be no option but to, I think UBI of some from is going to have to be implemented by the Republicans simply because 50% of business will be dead by the time this pandemic is over maybe more... we are literally talking years and its only just beginning. 

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3 minutes ago, lannarebirth said:

 

I haven't mentioned anything about Trump. (snipped)

I know you haven't but it's in the topic 'headline'. the topic is about that (headline)

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Some troll posts and the replies have been removed. 

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38 minutes ago, englishoak said:

 

It costs far less to just give it to everyone rather than means test, let alone the time means testing would take up, people need it now not in 6 mths ... 

Australia was one of the few developed countries in the world which got through the GFC.
 

Part of the reason was some sage advice from the head of the treasury at the time: “go hard, go early, go households”.

 

This in the end amounted to a couple of thousand dollars per person followed buy a targeted government funded public works programme that got labourers, electricians etc back to work. 

 

As you say there is no time for the administrative expense of means testing. What you want to avert is a huge loss of confidence in the economy, so even if they spend the cash in a flat screen TV they know that life will go on. 

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A troll post has been reported and removed. 

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2 hours ago, champers said:

Sounded in the briefing that he wanted to give more, bigly more and immediately. A figure of $1 Trillion was more than mentioned in passing. Steve Mnuchin has been tasked with devising a method of payment.

The greatest general election ploy you could have. Put money into people's pockets .... and the Treasury pays for it all. Top that Biden!

Direct deposit >> internet banking, he may have heard of that, or does he only know twitter?

 

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Posted (edited)
11 minutes ago, RJRS1301 said:

Direct deposit >> internet banking, he may have heard of that, or does he only know twitter?

 

 

Check in the mail to a verified address with in the USA or one of its territories or pick it up in person with valid federally recognized ID such as a driving license with the star and TSA endorsement..

Edited by Cryingdick
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1 minute ago, Cryingdick said:

 

Check in the mail to a verified address with in the USA or one of its territories. 

Inefficient, time consuming, so 20th century, risks theft and then heaps of paperwork for replacement

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Posted (edited)
5 minutes ago, RJRS1301 said:

Inefficient, time consuming, so 20th century, risks theft and then heaps of paperwork for replacement

 

Done all the time. Prevents fraud. Limits the money to Americans in the USA. Inclusive of people without a home address or bank account.

Edited by Cryingdick

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1 hour ago, rabas said:

AOC has criticized Trump for providing $1000 support to Americans, seemingly ignoring her own $93 trillion Green New Deal. Hypocrisy unchained.

You don’t seem to understand the difference between investing in re-tooling the economy and giving out free cash to buy votes.

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