- Sep 5, 2006
- Reaction score
A couple of thousand dollars is a month of pay for many families, more than a month for some. It isn't meant to help folks who make $75K or higher ($150K for married folks) as we should have been saving for something like this anyway. There isn't a good solution for how to mute the impact to everyone.
Problem isn't going in debt for something like this. Problem is that some folks see this as a perfect opportunity to start giving everything "free" as we can obviously afford to do so. UBI, free healthcare, why should anyone have to work anyway? Those are prevailing thoughts on one side of the aisle and this ability to just come up with money makes them bolder about seeking it. This should be an opportunity to talk about starting to pay off debt and put some money in reserve so we can more easily help people when something like this inevitably happens again. Becoming a Weimar Republic at least financially very quickly. People forget that Germany collapsed financially not just because of the reparations but because they printed money hand over fist to pay those and everything else.
Well $1,200 for low income workers better go to paying their bills. I don't think they are the ones meant to jolt the economy because they should use it to pay their bills with little to no disposable income. I'm sure we'll see plenty with Apple Airbuds, newest cell phone, large screen tvs, and then still claiming $1,200 wasn't enough to help them.
Worse part is.....people will be buying stuff from China...with money America is giving you...that America doesnt have....
Well...extending unemployment.....thats not a bad idea....till business ...which some on here thinks its a bad idea but is what hires people and puts out paychecks.... gets back on their feet...
A lot of American's can't, either.