Post
Topic
Board Economics
Merits 1 from 1 user
Re: Another stimulus bill in line for the US
by
stompix
on 24/11/2020, 12:19:07 UTC
⭐ Merited by Lucius (1)
$ 500 billion is a lot, but you can't spend too much on the homeless or unemployed. Because that only makes the economy weaker when the aid banks are less costly.Don't worry, that $ 500 billion will also go to food supply and jobs for people in need, but it will be a rather limited budget.

$ 500 billion might sound like a lot but it's not if we divide it by one-third of the population it would be roughly 4000$ if it's supposed to last 6 months you're down to 600$ which won't buy you much, that's below the minimum wage around here and we have nothing close to the price in the US. And what's more is that the package is not all aimed at being distributed as checks, a lot of it will go to business to keep them afloat making the pie for the below-average Joe even smaller.

No, it is not OK.  The United States taxpayers are going to be paying for all of this stimulus eventually--or somebody's going to be paying for it, though I can't imagine it won't be the citizens themselves.  I look at these relief checks as loans, not free money.

I don't think anyone will pay this, even though tax or inflation, once the government will enter this spiral of printing money and more money with declining revenue there is only one ending to it, everything being worthless, a complete failure where even the debt itself will be worthless. If they indeed succeed in throwing around another 2.5 trillion, on top of what their campaign promises mentioned, If I remember correctly the new program would come with another 5.4 trillion, so ...who the hell would be able to pay that? Not even the children of the aliens that will inhabit this planet in 3022 will be able to do it.