Stimulus

Quote: Gandler

It sounds like Trump wants another round of direct payments. He was pleased with the popularity of the first round (especially with the letter he attached signing his name to it).

Let's see how quickly all of the right wingers suddenly support a second round of Stimulus checks once Trump supports it.

It is an election year so short term spending to make voters happy is no doubt on his mind more than any moral reason for payments.

I don't think the country can afford it
That's why I am a fiscal conservative. I always demand a balanced budget.
If we had balanced the budget, we could easily afford more payments
Sad Republicans no longer support a balanced budget and became the spend spend spend party under Trump.

Quote: Gandler

It sounds like Trump wants another round of direct payments.

It already passed the House in May
and is before the Senate, called The
Heroes Bill. Trump has nothing to
do with it.

https://www.cnet.com/personal-finance/second-stimulus-check-is-it-coming-and-are-we-getting-another-1200-here-is-the-latest/

Quote: terapined

I don't think the country can afford it
That's why I am a fiscal conservative. I always demand a balanced budget.
If we had balanced the budget, we could easily afford more payments
Sad Republicans no longer support a balanced budget and became the spend spend spend party under Trump.

Being fiscally responsibly is not popular right before an election (or ever for that matter).

People like money. The polls show that people reacted positively to Trump for signing off on the checks, he will want more sent in his name (yes that is not how it works, but his letter makes it appear that way to many voters.)

Quote: Evenbob

It already passed the House in May
and is before the Senate, called The
Heroes Bill. Trump has nothing to
do with it.

https://www.cnet.com/personal-finance/second-stimulus-check-is-it-coming-and-are-we-getting-another-1200-here-is-the-latest/

The Heroes Bill won't pass the senate (but it should).

I am talking a simple stimulus check. Probably approved within the next 1-2 months to come in the mail as the election is still on your mind.

Quote: Gandler

The Heroes Bill won't pass the senate (but it should).
.

It won't pass as written but it
will pass when they cut out all
the unsavory parts, which
they're doing now.

And we can afford more stimulus.
Giving money directly to people
means most of it eventually
comes back in taxes. Every dollar
we spend of it gets taxed many
times down the line. Unlike building
a bridge or a fleet of Navy jets,
that money never comes back.

If the fed can create this stimulus out of thin air to hand out to everyone and business's and even foreign country's, why even go through the motions to have an internal revenue service? They can just print any amount the treasury wants to spend and not bother with all the mechanations of everyone filing and collecting.

If the gov needs a few trillion here and there, just print it, rather than take it from everyone' income.

Quote: petroglyph

If the gov needs a few trillion here and there, just print it,

Been tried, does not work. Print too much and it becomes
worthless. It's what happened in Germany after World
War 1 and in all those banana republics and African countries.
Putting it immediately back into the economy will make
it a wash, eventually. If you follow how often just $1 is taxed,
it's mind-boggling. Multiply that by a trillion. In 2013 each
circulating dollar made $1.68 for the gov't in taxes. It's got
to be higher now. But when the gov't builds a road, or buys
a tank, or gives away a billion in foreign aid, it never gets that
money back in taxes. So giving people $1200 is eventually
good for the country.

Gov'ts with good economies are money making machines.
But of course politicians are greedy pricks and they over
spend and we have a deficit.

Quote: petroglyph

If the fed can create this stimulus out of thin air to hand out to everyone and business's and even foreign country's, why even go through the motions to have an internal revenue service? They can just print any amount the treasury wants to spend and not bother with all the mechanations of everyone filing and collecting.

If the gov needs a few trillion here and there, just print it, rather than take it from everyone' income.

That's the thing, it doesn't come out of thin air. The result of doing that is inflation.

Google search: "why can't we print more money"

They are injecting trillions of dollars into the economy but the amount of goods stays the same. Now there is all that money sloshing around in the system chasing the same amount of goods.

It kills savers, and also everyone on a fixed income. Prices are going up and up.

Currently living the RV life and loving it. Bought a Apex Nano 194 BHS through the Costco program hooking me up with the dealer. Loving this camper. The refrigerator really impresses me. A good size and can run on gas or electric. Keeps stuff pretty cold. Very happy with it. I did not like the space I was put in at the RV park so rode my bike to scout the area and found the perfect spot. I feel like I am camping in a park rather then an RV place. Got all the goodies. Water, electric, sewer and Wifi. Life is good. Made friends with a neighbor before I moved to a more isolated spot. He's building a power plant locally and lives 6 hours away so renting a furnished mobile home in the RV park. Still working hard getting my house ready for sale. Should be on the market next week