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All-TigerNet [11630]
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Why do we need a stimulus again?
Mar 3, 2021, 3:33 PM
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Just another $1.9T added to the national debt.
I see no signs the economy needs a stimulus. UE is way down. Stocks are doing well. Interest rates are low. Housing market is booming.
So what are we stimulating other than another giant handout?
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All-In [26968]
TigerPulse: 96%
Posts: 44823
Joined: 7/6/10
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I know once I get it, I'll be free and clear of hospital
Mar 3, 2021, 3:40 PM
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bills. So it will be of use to me, personally. But I don't know why it would necessarily be needed for the country at large. Hopefully it will do some good.
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Oculus Spirit [78888]
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Posts: 26424
Joined: 12/6/98
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looks good when you do it
Mar 3, 2021, 3:42 PM
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they should have focused on the people that really need it
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CU Medallion [60043]
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Joined: 5/24/17
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If you have been employed this whole time
Mar 3, 2021, 3:43 PM
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through COVID, you should be embarrassed for taking the money.
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Hall of Famer [24477]
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Joined: 7/3/01
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Agree, except you basically have to. That much printed money
Mar 3, 2021, 7:58 PM
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is a tax on everyone through the devalued dollars. If this were within the budget, turning down the money is one thing, but you are having to bend over for this one, for a huge new tax you didnt agree to. Might as well take the money, because you're getting ripped a new one either way.
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110%er [5675]
TigerPulse: 92%
Posts: 12157
Joined: 9/28/08
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Re: Why do we need a stimulus again?
Mar 3, 2021, 3:56 PM
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Because Dems are the party of freebies and vote-buying.
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CU Medallion [73569]
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Posts: 78044
Joined: 11/30/98
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80% of that is not going to the people
Mar 3, 2021, 4:29 PM
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Nancy is getting a subway tho
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CU Medallion [73569]
TigerPulse: 100%
Posts: 78044
Joined: 11/30/98
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Oh and I have zero problem with covid relief
Mar 3, 2021, 4:43 PM
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I think you owe to everyone you ficked cause you made them.stay home.
But the bill should be 100% to individuals and small business.
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All-In [26968]
TigerPulse: 96%
Posts: 44823
Joined: 7/6/10
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I'm not against packaging things into one bill
Mar 4, 2021, 7:56 AM
[ in reply to 80% of that is not going to the people ] |
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Sometimes that's more efficient. But there should always be an honest message about what's in the bill. If it's COVID stimulus, plus some other stuff, it should be described as such to the American people.
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110%er [9664]
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Joined: 9/10/99
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To stimulate the economy, it allows people to go out to eat
Mar 3, 2021, 8:21 PM
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and spend money and add to the economy.
What's that? People still can't go out because most places are still under restriction?
Oh, then it's so people can buy stuff on Amazon - because Amazon is really struggling.
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CU Medallion [65420]
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Posts: 33245
Joined: 12/3/03
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About that National Debt. Looking at the official National
Mar 3, 2021, 8:33 PM
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Debt "clock" and doing the math, it says that only ~ 38 out of every 100 citizens actually are taxpayers. Therein is a HUGE part of the problem. The convoluted tax laws allow the ultra rich and the ultra poor to pay nothing. Some version of a "flat tax" WITH NO LOOPHOLES would go a long way toward solving this problem.
Elizabeth Warren's "Ultrarich" tax won't do it. Other countries have already tried and failed, the lobbyists always manage to get enough "loopholes" put in to allow creative accounting by the billionaires to skate out of paying.
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110%er [9664]
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The ultra rich pay a shiite load of taxes - it's just a
Mar 3, 2021, 8:37 PM
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smaller percentage of their income than normal folks. But 15% of $1 million is still more than 30% of $100K.
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All-In [31891]
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Joined: 11/22/03
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The IRS stats don't support that statement...
Mar 3, 2021, 9:22 PM
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Any way you divide the upper income earners, they pay more % of tax burden than their % share of income.
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110%er [5482]
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Posts: 3315
Joined: 1/19/05
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Re: Why do we need a stimulus again?
Mar 3, 2021, 9:31 PM
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I read that 70% of the last stimulus hasn’t been spent.
The current proposal includes msny pork projects that would not stand a chance on their own. Get rid of the pork!
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Letterman [257]
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Did you read that on Parler?***
Mar 3, 2021, 9:35 PM
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110%er [5482]
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Joined: 1/19/05
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Re: Did you read that on Parler?***
Mar 4, 2021, 12:16 AM
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NYTimes
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Letterman [257]
TigerPulse: 81%
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Please share that source with us, I’d like to see it.***
Mar 4, 2021, 7:57 AM
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110%er [5482]
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Posts: 3315
Joined: 1/19/05
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Orange Blooded [4365]
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Re: Why do we need a stimulus again?
Mar 3, 2021, 10:28 PM
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Unemployment is almost double what it was before the pandemic.
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Hall of Famer [24051]
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Posts: 12167
Joined: 9/1/14
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Re: Why do we need a stimulus again?
Mar 3, 2021, 11:56 PM
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Do you say that because you think it will help reduce unemployment or because the unemployed need the funds?
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Orange Blooded [4365]
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Re: Why do we need a stimulus again?
Mar 4, 2021, 9:00 AM
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fuller,
Why can't it be both ?
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Rock Defender [53]
TigerPulse: 90%
Posts: 35
Joined: 11/30/98
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Hall of Famer [24051]
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Joined: 9/1/14
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Re: And yet it’s better than Obama’s first 5 years***
Mar 4, 2021, 12:51 AM
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That inflation cake is being made. We have massive increases in debt, no reason/rate to invest in cash (and yet here we are), expected inflation - what else do we need...hmm...oh yeah velocity. Velocity will be injected (being a little punny). That being said, inflation is a bit ch to predict.
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Hall of Famer [24051]
TigerPulse: 100%
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Joined: 9/1/14
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Re: And yet it’s better than Obama’s first 5 years***
Mar 4, 2021, 12:55 AM
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Almost forgot - a higher minimum
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Heisman Winner [111575]
TigerPulse: 100%
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Joined: 9/10/03
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because it is cheaper in the long run to keep propping up
Mar 4, 2021, 12:04 AM
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our economy rather than let it crash and spend 4 years rebuilding it. Yes, we are marching off a cliff, willingly., We are stupid, stupid because the money supply has no impact on resources or labor capacity, yet we will all sit around picking our behinds and deciding which pet to eat first when it all comes crashing down.
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