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If you divide that $1,900,000,000,000.00 porkfest by an estimated 330,000,000 people,
that $1,400.00 check that "some" people are getting costs every American $5,757.58.
If you look up where the rest of it goes, it'll turn your stomach.
Yes, the country is being looted. No telling who is getting most of the money.
Not for my wife and I we make to much but we have to pay for it
I dont expect to get any either. And yeah I will pay for it. but the money going to people is relatively small compared to the bill.
And I dont have a issue with it. Its the sort of deficit spending that keeps things from being worse. As the economy recovers I hope that Biden does better then the last 2 presidents who didn't try and control spending more. You pay that deficit down in the good times so its available in the bad times.
I’m speaking of that golden $1,400 winging our way (unless you’re a fat cat.)
Let’s see, what shall I spend mine on....
Maybe a genererous donation to our local U.U. Church’s choice fund? It would certainly be welcomed!
You're welcome. It's only costing you, me and every other American $5500.
You're welcome. It's only costing you, me and every other American $5500.
When trump gave the richest 1% a ton of tax breaks,did you post a per person cost estimate too? Heres reality-if we failed to pass this it would have cost you more long term. This is the point of deficit spending like this.
I had a friend who is very into politics post something on social media today, and it coalesced a thought I've had kicking around a while.
He pointed out that the last 2 Dem Presidents lowered the deficit drastically or even balanced the budget (Clinton) and the last 4 Republican Presidents increased the deficit. While that is, I believe, true, I'm not sure that the Democrats deserve credit for it. He and others have also pointed out, that "Republicans only care about the deficit when Democrats are the ones doing the spending." That is absolutely true, as we have seen, Trump could throw money around all over the place and no Republican had anything to say about it, but let a Democrat do it? Time to raise hell!
But maybe, just maybe, it is the Republican tendency to be obstructionist to the Democrats, that helps push deficits down when Dems have the Executive?
I am a somewhat moderate person, and I see the current fracture in the Republican party as a deeply troubling matter. Liberal friends of mine chuckle with glee over the idea of Trump busting the party in half, with one side establishment conservatives who are pretty well over him, and the other his "loyalists." He is said to be diverting money from the RNC to his own entities now. My friends think that this assures Democrats of much winning and is a delightful thing. I'm not happy about it, though. Not at all. Especially if that's the end result. I want opposition, but I want it to be a sane opposition. The idea of "no roadblocks, full steam ahead" for either of the major parties disturbs the hell outta me.
Anyhow, I think that the advance paid child tax credit is the bigger news. My little brother is going to be getting $900/month for the rest of the year. He and his wife are schoolteachers, this will help their family a lot.
Federal debt under Clinton went from 60% of GDP (Sr. Bush's last year) to 55% of GDP (Clinton's last year).
Under Obama, the federal debt went from 68% of GDP (Jr. Bush's last year) to 104% of GDP (Obama's last year).
No stimulus for me and my family. BTW we don't need it. There will be millions that will get stimulus that won't need it either. Income redistribution.
and that's my biggest issue with this.
sure, I don't need it but so do all of the still-employed folks. so why should they get it but not me?
You're welcome. It's only costing you, me and every other American $5500.
At a limit of $80/160K it is a safe bet that most people getting a stimulus payment are simply getting back a chunk of their own tax liability for 2021. You know what you say about how they can spend it more wisely than government.
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