You might get a thousand dollars stimulus package

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I like this plan -

The proposal calls for a debt holiday, $2,000 monthly checks for all Americans, coverage of all healthcare expenses, significant investments in small businesses and the production of life-saving supplies.

what does $2000 monthly checks for all Americans mean? Because it cant mean what it sounds like!
What is a debt holiday?

Thanks!
 
I like this plan -

The proposal calls for a debt holiday, $2,000 monthly checks for all Americans, coverage of all healthcare expenses, significant investments in small businesses and the production of life-saving supplies.

Sounds good, but who's going to pay for it? the national debt is already another crisis waiting to happen.
 
She goes to college in the Bay Area, so the money really isn't as good as it sounds. San Francisco doesn't allow a lower wage for tipped wait staff, so she was making $15.xx as her base rate whether she was hostessing or waitressing on any given shift. But her manager likes her and saw she's good with people, so she'd been waitressing most of the time since she got back from Christmas break.

I'm hoping that the political process ends up producing a much better plan than this initial idea. We probably would get something for the kids, because they were both dependents, but the fact that so many of the people losing the most right now would get a lower-tier benefit because they were less well-off before the crisis really doesn't sit right with me. Especially since right now, the payment and eviction and foreclosure halts are only a halt on the process, not the payments, so those same people are going to get hit with 2-3 months (or more) worth of bills all at once when things do start going back to normal.
I agree, it’s like saying you deserve to survive less if you’re not wealthy
 
what does $2000 monthly checks for all Americans mean? Because it cant mean what it sounds like!
What is a debt holiday?

Thanks!
Unfortunately, I believe it means they won’t take medicare or social security taxes out of your paycheck. That combined with the money Not going into them during the layoffs, will surely affect these already troubled systems.
 

So in actuality nothing has happened yet. The "debt holiday" and $2000 a month was put forth by progressives more for show to push the idea that the idea of a one-time $1200 cash payment essentially does nothing.

Basically, yes. Was just another proposal - I just have a bunch that the payout might be higher than the original $1,000 - $1,200 - According to a number of republican senators, the democrats are getting more of what they wanted, and they did not think the $1,000- $1,200 was sufficient - also, kudlow has stated package might exceed two trillion - originally thought to be one trillion dollars

Also,
 
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Run up trillions in debt and pay for it by printing more money. Um, no. And that's not about politics. It's about common sense.

Am I the only one who thinks our nation could careen towards the status of 1920's Germany here? Massive inflation caused by the goverment overprinting money to pay huge debts; reeling from a worldwide pandemic; increasingly alienated from other countries in the world, etc., etc.
 
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Unfortunately, I believe it means they won’t take medicare or social security taxes out of your paycheck. That combined with the money Not going into them during the layoffs, will surely affect these already troubled systems.
That's the point of the proposal.
 
Run up trillions in debt and pay for it by printing more money. Um, no. And that's not about politics. It's about common sense.

Am I the only one who thinks our nation could careen towards the status of 1920's Germany here? Massive inflation caused by the goverment overprinting money to pay huge debts; reeling from a worldwide pandemic; increasingly alienated from other countries in the world, etc., etc.

Honestly don’t think anyone is seriously listening to AOC. Common sense isn’t her strong point.

I don’t think the administration is going to solve this by just printing more money. A businessman knows better.
 
Honestly don’t think anyone is seriously listening to AOC. Common sense isn’t her strong point.

I don’t think the administration is going to solve this by just printing more money. A businessman knows better.

Did you read the article? It wasn't AOC. And the proposal was to prove a point, they didn't really mean to "print more money".
 
Did you read the article? It wasn't AOC. And the proposal was to prove a point, they didn't really mean to "print more money".

Very true - the point of it was basically what the dems have been saying for the past week - they don't believe the $1,000-$1,200 one-time payment is going to help
 
Very true - the point of it was basically what the dems have been saying for the past week - they don't believe the $1,000-$1,200 one-time payment is going to help

Yep. 100% unemployment is the way to go, even if takes time to put in place. That will help the greater number of people.

I work for a large healthcare system (not clinical) and even my job is at risk. Hospitals are losing tons of money for cancelling elective surgeries, Medicare may take forever to pay for covid-patients and eventually hospitals will be making cuts to non-clinician positions. :(
 
what does $2000 monthly checks for all Americans mean? Because it cant mean what it sounds like!
What is a debt holiday?

Thanks!

A debt holiday is basically a pause on recurring payments. Housing and utilities have been the main focus of the push, because they're essential and because everyone knows that merely suspending payments so that people get hit with 3 or 4 months' worth of expenses all at once when the moratorium is lifted is only going to postpone the crisis. Most households would never be able to catch up. Student loans have also been part of the conversation, simply because they're under the direct authority of the federal government already and because the consequences of default can be so disruptive.

So the holiday idea is a pause button so that not only are no payments due, there is also no past-due balance stacking up. With mortgages and student loans, it would prolong the payoff period by however long the "holiday" lasts - basically just tacking the missed payments on to the end, a measure that was proposed to ease the foreclosure crisis in '08 but rejected for political reasons. It is less clear how it might work for utilities, and I've read a few plans. I think the easiest is a targeted tax credit for utility companies that would make up for the lost revenue, but I know at least one of our essential utilities are provided by a company that gets held up as an example of corporate welfare because of a near-zero or net-zero tax liability in most years so they may not be convinced to participate by a credit they don't need.
 
Did you read the article? It wasn't AOC. And the proposal was to prove a point, they didn't really mean to "print more money".

Anything that says AOC proposed or her former aides proposed is where I turn off my ears and eyes.

But after reading, it was her former aides that proposed the $2000 a week. Just as bad.
 
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