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Well, this is the very thing the US should go in debt, temporarily, for. Not the trillions spent on other BS through the decades.
You have been hoodwinked...
Only ~29 cents on each dollar of this goes to the lowly 99% of American citizens!
71 cents of each dollar goes to the top 1%...including large corporations, politicians & their families & pals, millionaires & billionaires.
This is the biggest heist in history, & its happening in broad daylight, right in front of 330M Americans...most of whom are too ignorant to see it.
If ~148M taxpayers get $2,400/ea., that's $355.2B. $936B go to the $600/wk x39 wks x 40M unemployed
$355.2B + $936B = $1.291T. The total of the stimulus's will be $4.5T
$1.29T/$4.5T = 28.7% go to the 99% 71.3% goes to millionaires/billionaires top 1%
I thought Democrats were for the small guy? Ultimately, the Dems control Congress, & Congress controls spending. Why did the Dems go along?
There is NO red vs. Blue, its the top 1% vs. the 99%, & the 99% just got hosed in the greatest heist of all time. We are all paying $1.00 plus interest for decades to come, for 29 cents today. The top 1% got 71 cents of each dollar, but they do pay the lions share of the taxes.
1.3M top 1%'ers got ~$3.2T. I don't have a calculator that has that many zero's, but I think it's $2.55M/each!
Employed taxpayers got $2,400/ea.
Unemployed people got a max of $23,400/ea.
the top 1% got $2,552,400/ea.
Do you still feel good about adding $4.5T of Green to the national debt?
Last edited by beach43ofus; 07-22-2020 at 01:37 PM..
I thought handing out govt' money was all music to democrat's ears?
This admin is doing a heck of a lot better than stupid Bush and the Wall St. bailouts in 2007/2008 while main street basically died.
No I think the poster is a closet Paul supporter. He defended Paul's record on not raising the debt and forgot about the Trump tax cut in a previous post.
No I think the poster is a closet Paul supporter. He defended Paul's record on not raising the debt and forgot about the Trump tax cut in a previous post.
Paul's gripe was about GOP increasing spending by 21% which was totally unfunded. He said that kind of spending bill would raise the debt by 10 trillion in 10 years. He was wrong, because the debt if going up much faster than that.
If you are going to spend, then you need to raise the funds. Otherwise you end up 27 trillion in the hole.
Quote:
Originally Posted by rkcarguy
I thought handing out govt' money was all music to democrat's ears?
If you say so. They make no bones about supporting social welfare cushions, so I'm sure they will pass the bill.
Its the Republicans and the Tea Party who shriek about spending when they are not in power.
Where is the Tea Party anyway? $5 trillion in hand-outs, and not a peep from the TP.....?
Dems and GOP alike are all for the bailouts. What do they care? They get to help their corporations. Meanwhile, not one of them has suffered financially during this pandemic.
I just heard a little snippet on the news of Chuckie Schummer demanding the payouts.
I guess ones opinion of adding so much deficit to the tally falls along political lines. The Dems are demanding it but they will be blaming Trump for adding to the debt. There is no winning here for Trump.
If the Dems had complete control of this process, the amount would be ten times as great. So I guess we can be thankful for that.
The Democrats have a majority in the House. Anything would have to start and pass there before going to the Senate and the President. Bills are written and start in the House which is DEMOCRAT.
Well, this is the very thing the US should go in debt, temporarily, for. Not the trillions spent on other BS through the decades.
Yep. For once this is one things all sides should agree on. This money needs to get to the people, not the corps. Otherwise we'll see even more millions become unemployed, with a wave of homelessness to follow. This shouldn't even be an issue in the US.
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