Progressives Push for $2,000
Monthly Stimulus Checks and
65% of Americans Support It
Newsweek,
by
Christina Zhao
Original Article
Posted By: NorthernDog,
1/16/2021 9:21:15 PM
President-elect Joe Biden has unveiled a $1.9 trillion relief package that includes a third stimulus check of $1,400, in addition to the $600 direct payment issued last month. But Senator Ed Markey of Massachusetts thinks struggling Americans need more cash to weather the ongoing pandemic. Markey called for Congress to pass his proposal of $2,000 monthly stimulus checks in a statement on Friday. "The $1,400 in direct cash assistance is a down payment that will help families make rent, put food on the table, and pay the utility bills after Senate Republicans blocked that additional funding back in December," the
Reply 1 - Posted by:
planetgeo 1/16/2021 9:27:57 PM (No. 663546)
And guess who they expect to pay for it...
14 people like this.
Reply 2 - Posted by:
Corndoggies 1/16/2021 9:28:28 PM (No. 663547)
I really don’t get this. If the left can “win” elections by manipulating voting machines, they don’t need to buy off voters. Old habits die hard I guess.
9 people like this.
Reply 3 - Posted by:
Knotwyrkin 1/16/2021 9:33:45 PM (No. 663548)
#2 - They need to make the peasants feel good. Never mind that the peasants could each be given $1,000,000 - and they would never figure out that a million bucks doesn't mean much any more. Good way to hyperinflate away the federal debt (and crucify those damn rich people at the same time.)
9 people like this.
Reply 4 - Posted by:
commontater 1/16/2021 9:41:26 PM (No. 663551)
Just watch oil/gas prices rise as our dollar declines. If you have a retirement plan building, expect to have it go down in purchasing power as you see Congress go crazy with spending.
12 people like this.
Reply 5 - Posted by:
NHChemist 1/16/2021 9:47:34 PM (No. 663554)
It's not the $2000 that a problem. It's the bailout of states that have no fiscal restraints. Add to that the fact that retirees get this money on top of their retirement income is just stupid. Help those who need help thanks to the decisions to shutdown the economy. Every politician is buying votes with our money (or our children's money). My father-in-law died in 2018, yet he received a $1200 check last year and a letter to apply for a tax credit on his 2020 tax return this week, after we returned the check with a "Deceased" notification. Today's letter was addressed to him as John Doe DECD.
12 people like this.
Reply 6 - Posted by:
TLCary 1/16/2021 10:06:17 PM (No. 663557)
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage. - Alexander Fraser Tytler, Lord Woodhouselee
15 people like this.
Reply 7 - Posted by:
MickTurn 1/16/2021 10:08:03 PM (No. 663559)
Well, as long as Congress gives billions to foreign countries for made up crapola (so they can get their kickbacks just like Biden did in Ukraine) why not give this chump change to citizens?..they are already printing money so fast the printing presses can't keep up...
9 people like this.
Reply 8 - Posted by:
jollytroll 1/16/2021 10:23:06 PM (No. 663560)
Hard assets have value, so it will "just" take more USDs to get them since they will be worth less in real terms. So holding cash is a quick way to get poor.
Now, if a crash in the USD is inevitable, what's an investor to do? Buy gold, oil, Swiss Francs, real-estate, or ???
3 people like this.
Reply 9 - Posted by:
JL80863 1/16/2021 10:23:44 PM (No. 663561)
Relax, our Grandchildren and Great grandchildren will take care of it. s/o
6 people like this.
Reply 10 - Posted by:
Lawsy0 1/16/2021 10:32:46 PM (No. 663566)
But it's Newsweek, folks! Get cereals!
0 people like this.
Reply 11 - Posted by:
Ribicon 1/16/2021 10:33:06 PM (No. 663568)
Why is mega-thief Bill Gates buying up all that farmland? It has nothing at all do do with inflation, which all experts say is a myth.
1 person likes this.
Reply 12 - Posted by:
bighambone 1/16/2021 10:54:48 PM (No. 663587)
A really bad mistake was made by by McConnell limiting the stimulus checks to $600 while the Democrats were pushing for $2,000 stimulus checks right before the Georgia runoff election. If someone was to offer you $600 the cash in one hand, or $2,000 in cash in the other hand, which lump sum of cash would you take? That mistake by McConnell probably caused a lot of people just squeaking by financially to vote for the Democrats, Even Trump knew what was going to happen, that’s why Trump went to bat for the $2,000 payout option.
7 people like this.
Reply 13 - Posted by:
Venturer 1/16/2021 11:01:50 PM (No. 663592)
I would like to see this tree that Biden expects to keep picking these trillions off of.
8 people like this.
Reply 14 - Posted by:
ldb51 1/16/2021 11:37:14 PM (No. 663605)
Watch for Dems to go after estate inheritances again to help pay for all this mess.. Seems I recall a really nasty rant by (I think) Anthony Weiner, where he asserted that families have no rights to a deceased's estate. He said, in arrogant and vicious tones, that the money belongs to the government once the owner dies. I think he said "No! When you're dead, you're dead!" (glad he's gone).
If that isn't enough cash to feed the monster, I expect them to take a long drooling look at such lucrative pools as large deposit accounts, 401's and retirement annuities.
Remember that the Left believes that virtually all assets must eventually belong to the Government/community, and they only "let" citizens use such portions as they are deemed to need.
8 people like this.
Reply 15 - Posted by:
Skinnydip 1/16/2021 11:57:28 PM (No. 663611)
Actually, I don't think they care about paying for it. Raising (new or old) taxes is just to appease their base, which for inscrutable reasons thinks is just grand.
5 people like this.
Reply 16 - Posted by:
GoodDeal 1/17/2021 12:03:20 AM (No. 663614)
Expect the guaranteed universal income thing to become a reality soon. Wonder what the strings are that will be attached.
4 people like this.
Reply 17 - Posted by:
NYBruin 1/17/2021 12:06:05 AM (No. 663616)
What amount would most citizens NOT approve of?
Free money, everybody!! (/sarc)
2 people like this.
A couple with three kids gets $4000 a month plus $2000 per child up to three children. Ya know man, that's like getting a used car every month.
Joey wants people making over $400,000 a year to pay more taxes. Reminder: the president earns $400,000 a year.
President Trump should do a flyover at the end of the year with a banner that says "Miss me yet ?"
9 people like this.
Reply 19 - Posted by:
DVC 1/17/2021 1:05:42 AM (No. 663640)
#1, PAY for it??? What exactly would that mean. There is plenty of paper, lots of ink and the presses are humming.....money coming out in great piles.
/s off
Inflation will be rearing it's ugly head soon enough in Traitor Joe's broken economy.
8 people like this.
This is true inflation of the dollar. Expanding the money supply by fiat will make the dollar worth less and it will make everything cost more .... The countries we import products from (mainly China) will simply charge more and at some point, the dollar will not be accepted as the exchange medium for petroleum. That's the only thing that keeps the demand for the dollar around the world.
7 people like this.
Reply 21 - Posted by:
anniebc 1/17/2021 6:07:52 AM (No. 663699)
They have to make it look like they're about prosperity, when they're actually about something else. Bankrupting America is part of the strategy of destroying America. A few want to have all the power and own all the stuff. Marxists never make countries they take over better. They don't build; they tear down. They can't build, because they only want for themselves power and the prosperity that others have worked to build. Remember when the mulatto usurper said you didn't build that? He was projecting.
3 people like this.
Reply 22 - Posted by:
worried 1/17/2021 6:57:10 AM (No. 663731)
#5, where do you get the impression that all seniors have a big retirement income? I live in a senior community, and you would be surprised at how many only have social security income to live on. I doubt that paying $700 a month for rent, plus utilities, leaves much to live on from a $1,000 check. And you think they don't need the money? And us older people worked for much less pay than you do today, and our SS was based on a lower income. And the yearly COLA, when we get it, is only around 1%, which in many cases amounts to less than $10.00 a month. Try to live on that!
13 people like this.
Reply 23 - Posted by:
Bur Oak 1/17/2021 7:47:55 AM (No. 663760)
They give you $2,000 and take $3,000 from the value of your assets. What a deal! The other $1,000 goes for more government. The logical thing to do would stop all the lockdowns and damaging regulations but the government wouldn't get the $1,000. Prediction - more damaging regulations are on the way.
5 people like this.
Reply 24 - Posted by:
franq 1/17/2021 8:03:49 AM (No. 663769)
By the time our grandkids are grown, SS eligibility will be 80.
3 people like this.
Reply 25 - Posted by:
HammerDax56 1/17/2021 8:16:13 AM (No. 663778)
We don’t need no stinking jobs
5 people like this.
Reply 26 - Posted by:
Krause 1/17/2021 8:23:51 AM (No. 663792)
How many of the 65% know how much the national debt is, or care?
6 people like this.
Reply 27 - Posted by:
mifla 1/17/2021 8:31:19 AM (No. 663796)
When the number of people riding in the wagon exceeds the number of people pulling the wagon, the wagon stops.
10 people like this.
Reply 28 - Posted by:
Yuban 1/17/2021 8:45:41 AM (No. 663803)
So, the government takes away your source of income then decides to give you an income to stay home and do nothing and then have the nerve to call this a stimulus. A con job if I ever heard of one.
5 people like this.
Reply 29 - Posted by:
franq 1/17/2021 8:54:23 AM (No. 663808)
The only value of paper money is as a certificate or token for work done, or goods received. Take that away and it is just paper. Fiat money will eventually crash the system. Then comes the Great Reset.
4 people like this.
Reply 30 - Posted by:
DeplorableVet 1/17/2021 9:49:57 AM (No. 663861)
At the age of 74, I don't need the money and will never have to worry about paying it back. Thank your children and grandchildren for transferring their wealth to me so I can buy some more toys that I don't need.
4 people like this.
Reply 31 - Posted by:
901AtTheRiver 1/17/2021 10:35:38 AM (No. 663914)
Paraphrasing some famous person, I don't remember who, "once the people figure out how to tap into the treasury, economic ruin is right around the corner". If we all get $2000 for each of our 311,965,000 citizens, that's 663,934,328,000 or about 3.1 percent of the GDP. Our great thinkers in government may tell us that's a 3 percent increase in the GDP, but it's not because that 663 billion is an increased tax burden on everyone who pays taxes. Free money isn't free.
4 people like this.
Reply 32 - Posted by:
MDConservative 1/17/2021 11:32:05 AM (No. 663995)
How many trillion dollar packages were passed b Republicans and signed off by a Republican president? What's the difference? We had money to pay for all that, but not this? Bullschtuff. The Republicans and fellow travelers have no standing to complain about this sort of fiscal recklessness. They cheerfully threw money at a problem solvable by opening the economy, allowing businesses and people to take responsibility in these "dangerous times". So, now the Democrats are playing the same game, and we hear the howling...
0 people like this.
Reply 33 - Posted by:
deerejon 1/17/2021 12:22:07 PM (No. 664063)
I hope it's Tax free..
0 people like this.
#5 # 22 There are millions of disabled and elderly who earn under $13,000 a year. If they are single and live alone, they are destitute. Why ? Punished because they went on disability early. Everything they own was wiped out by medical bills.
Personally, I don't think children need a stimulus. I know people who were already raking it in because the kids are on SSDI and welfare Never mind the huge tax return they got last year. Someone comes here from the W.I. with seven kids gets plenty thanks to taxpayers.
1 person likes this.
Reply 35 - Posted by:
franq 1/18/2021 6:38:13 AM (No. 664686)
Was in line behind a (large) couple at Wally World yesterday. 2 carts of stuff, they had. As I expected, out came the red,white, and blue plastic card. This is not sustainable.
1 person likes this.
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$2,000/month for sitting on your butt. Are we bankrupt yet? This is suicidal.