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Old 04-11-2020, 05:57 PM
 
Location: Florida
2,674 posts, read 1,214,616 times
Reputation: 7613

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Quote:
Originally Posted by Chanteuse d' Opéra View Post
Thoughts? My expectations are low..

https://www.usatoday.com/story/news/...ge/2961683001/
I’m still wondering how we’re going to pay for the 1st round!
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Old 04-11-2020, 06:01 PM
 
3,069 posts, read 2,455,531 times
Reputation: 7687
Quote:
Originally Posted by Ron61 View Post
I’m still wondering how we’re going to pay for the 1st round!
It will never be paid for just added to the deficit.
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Old 04-11-2020, 06:10 PM
 
Location: Gilbert, Arizona
2,940 posts, read 1,363,034 times
Reputation: 1918
Quote:
Originally Posted by Ron61 View Post
I’m still wondering how we’re going to pay for the 1st round!
The Fed just prints the money and hands it to the Treasury - in exchange for Treasury Bonds. That's how it works.
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Old 04-11-2020, 06:11 PM
 
Location: Tennessee
27,594 posts, read 20,591,792 times
Reputation: 33426
I don't see how it can be avoided with so many unemployed and destitute.
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Old 04-11-2020, 06:12 PM
 
3,069 posts, read 2,455,531 times
Reputation: 7687
Quote:
Originally Posted by Serious Conversation View Post
I don't see how it can be avoided with so many unemployed and destitute.
I agree.
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Old 04-11-2020, 06:12 PM
 
Location: Gilbert, Arizona
2,940 posts, read 1,363,034 times
Reputation: 1918
Quote:
Originally Posted by Chanteuse d' Opéra View Post
Thoughts? My expectations are low..

https://www.usatoday.com/story/news/...ge/2961683001/
It's very likely there will be additional stimulus packages. Not only packages to just sustain the economy in the short term - but also additional packages to recover.

The US economy is about 70% shut down (70% of all spending is driven by consumers), which if you're doing the numbers - is around 15 Trilllion (22T was the GDP as of last year).

2T is a drop in the bucket to make up for lost spending.

The 70% is based off the basic formula for GDP = C + I + G + Nx, C = consumption, I = investment, G = government expenditures, Nx = Net exports (Import - Exports)
C has fallen off a cliff. G has to make up for it to prevent it from going to 0. This is all done in an attempt to preserve the GDP.
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Old 04-11-2020, 08:44 PM
 
Location: las cruces, nm
50 posts, read 17,251 times
Reputation: 104
Honestly, I hope there isn't a second stimulus. I say this with a heavy heart because I understand the suffering going on now, but eventually we are going to have to come to some compromise to return to work because we can't afford it.
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Old 04-12-2020, 10:18 AM
 
372 posts, read 202,304 times
Reputation: 1514
Sure . . . for corporations.
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Old 04-12-2020, 10:28 AM
 
Location: Boston
12,976 posts, read 3,737,209 times
Reputation: 9229
I'm expecting another check probably the end of October. Might be as much as $2000 a piece.
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Old 04-12-2020, 10:35 AM
 
Location: Mount Airy, Maryland
12,050 posts, read 6,823,793 times
Reputation: 19306
Quote:
Originally Posted by skeddy View Post
I'm expecting another check probably the end of October. Might be as much as $2000 a piece.
Think it will be that late? I was thinking mid-summer. Many of my friends have already gotten their first one, we're waiting impatiently.
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