So how are you going to live it up when ....

[MtnMan]

.... you receive your generous $600 stimulus check from Trump? That is after you catch up on your utility bills, rent or mortgage, and maybe pay down your credit cards?

After all it has been 250 days since I received the first stimulus check and I am still giddy over how that $4.80/day has changed my life for the better.

 

[feralkid]

Same as before, adjusted for inflation?

 

[Veliko]

 

[Ken g6]

I should really get an RTX 3070 for Distributed Computing. (Shameless plug. )

 

[manly]

Scoff all you want (I called the original checks the Amazon.com stimulus), but the original stimulus and esp. enhanced unemployment in the CARES Act did help a lot of people in need. The problem in the U.S. is that there are 50 states' unemployment departments and there's a long lag time for federal UI aid to reach those who need it. To give you one example, the UI extension (PEUC) in the CARES Act wasn't implemented by California EDD until August. As a result, these benefits did not include the extra $600/week they would have included if EDD had rolled out PEUC in April.

Studies have shown that lower income households were on sounder financial footing in the late Spring than ever before (obviously that was only temporary). Personally I think it's flawed policy to give all middle-class households $1200 then or $600 now to spend, but the "logic" is that it's the quickest way to get the money out there. Perhaps one way they could've been more efficient is to have lower income limits, but even that is not perfect. A household that earned $100k in 2019 could be unemployed now and need the aid quickly. Also, income alone is relatively inaccurate. $75k gross in San Francisco is quite a modest salary, but it's well above average in many places.

One thing I did read is that to fund the $600 stimulus required cutting the generosity of enhanced unemployment. So more households get to share a limited amount of money, but less of it goes to the ones who arguably need it the most over the next six months.

TLDR: I'm OK with blowing deficit spending on the middle class than the "three martini lunches" tax break that the WH insisted be in the relief bill.

 

[MtnMan]

 

[zzyzxroad]

Thanks I needed a good laugh. I do have this horrible feeling that we have been kicking a major problem down the road. What happens when rent and mortgages that have gone unpaid for a year come due?

 

[manly]

Thanks I needed a good laugh. I do have this horrible feeling that we have been kicking a major problem down the road. What happens when rent and mortgages that have gone unpaid for a year come due?

Mass evictions, foreclosures and a recession.
Yet strangely a lot of economists are still expecting a robust V-shaped recovery after successful vaccinations this spring.

 

[nickqt]

I like to repeat myself on this topic because it's obvious and easy.

First pass a bill providing $10,000 to every US Adult, no means testing. It helps the working-class. It helps the middle-class. It helps the upper class. It helps small business. It helps medium business. It helps large business. It helps corporations. It helps renters. It helps homeowners. It helps landlords. It helps banks. It helps Republicans. It helps Democrats. It helps me. It helps you. It helps your family. It helps your friends. It helps your neighbors. It helps everyone you know. It helps everyone you don't know. What an easy bill to pass, and what a great way for elected officials to show their constituents that the give a fuck.

It costs $1.8T, which is not even 1/4 of what's been spent, and it -gasp- helps Americans and the economy instead of just funneling money directly to corporations and banks. Not that corporations and banks won't be the second-and-third parties receiving the vast majority of the funds.

Then pass $1T to help local/city/state government, healthcare, utilities, fire/police/EMS.

Either we're going to invest in our country, or we're OK with letting it collapse since the oligarchs already have money, land, private security, and private transportation to take care of themselves.

 

[dank69]

None of us are getting anything. They phase out from 75K to 90K. The best part? That's based on 2019 income, so many people that did well last year but lost their jobs this year will get nothing.

 

[Lanyap]

I wonder if trump is going to send out another letter with this one.

 

[pcgeek11]

Why not place the blame where it belongs the Senate and House?

 

[[DHT]Osiris]

Assuming I get anything, it's going straight back to the bank in the form of a CC payment. Nothing is touching 'the economy'.

 

[zzyzxroad]

Why not place the blame where it belongs the Senate and House?

I'm far from an expert on this subject but clearly the last stimulus and this new one are crap. What in your estimation was/is the right solution and whatever that is, would it ever in a million years get by McConnell?

 

[pcgeek11]

I'm far from an expert on this subject but clearly the last stimulus and this new one are crap. What in your estimation was/is the right solution and whatever that is, would it ever in a million years get by McConnell?

I'm not bitching about the "stimulus" others in this thread are bitching about Trumps Stimulus.

It wasn't Trump at fault in this stimulus bill, it is/was the House and Senate both that have been playing games for Months and Months.

Just think a month ago to Nancy over a trillion wasn't enough, but now 900 billion is just great. What a joke.

 

[Jaskalas]

Thanks I needed a good laugh. I do have this horrible feeling that we have been kicking a major problem down the road. What happens when rent and mortgages that have gone unpaid for a year come due?

Throw a New Years party on the streets!

 

[Jaskalas]

Just think a month ago to Nancy over a trillion wasn't enough, but now 900 billion is just great. What a joke.

Nancy is such a terrible person, unable to stop the Republicans from screwing us out of getting more. Better vote Republican to spite her failure.

 

[Fenixgoon]

I'm not bitching about the "stimulus" others in this thread are bitching about Trumps Stimulus.

It wasn't Trump at fault in this stimulus bill, it is/was the House and Senate both that have been playing games for Months and Months.

Just think a month ago to Nancy over a trillion wasn't enough, but now 900 billion is just great. What a joke.

ah yes, the both sides....

 

[Ajay]

Just think a month ago to Nancy over a trillion wasn't enough, but now 900 billion is just great. What a joke.

What is she supposed to say right now, in the middle of this 'bipartisan' bill being passed?
I'm sure she and Schumer will take another shot once Biden is sworn in. Not that McConnell gives a fuck.

 

[Lanyap]

Why not place the blame where it belongs the Senate and House?

Maybe if trump was working with the Senate and House like a real POTUS to help them come to consensus about the stimulus instead of tweeting election fraud shit in the middle of the night something would have been accomplished sooner? trump doesn't give a shit about anyone but himself. Not to mention Mitch is trump's bitch all day long.

 

[iRONic]

Assuming I get anything, it's going straight back to the bank in the form of a CC payment. Nothing is touching 'the economy'.

Assuming we get anything we'll repeat what we did with the first check; hire a local contractor.

We had this 75' fence built to replace the neglegted POS that came with the house;



Gonna have the same guy replace my pool deck boards with a composite product.

 

[nickqt]

I'm not bitching about the "stimulus" others in this thread are bitching about Trumps Stimulus.

It wasn't Trump at fault in this stimulus bill, it is/was the House and Senate both that have been playing games for Months and Months.

Just think a month ago to Nancy over a trillion wasn't enough, but now 900 billion is just great. What a joke.

BothSidesDoIt™

You're a fucking joke.

 

[zzyzxroad]

I'm not bitching about the "stimulus" others in this thread are bitching about Trumps Stimulus.

It wasn't Trump at fault in this stimulus bill, it is/was the House and Senate both that have been playing games for Months and Months.

Just think a month ago to Nancy over a trillion wasn't enough, but now 900 billion is just great. What a joke.

Why are you bringing trump up and do you have no opinion on a solution?

 

[MrSquished]

BothSidesDoIt

You're a fucking joke.

Seriously. The only reason the stimulus is not as effective as it could have been is the Trumper party. Trump could use the bully pulpit to have an effect but he is afk because he is a narcissistic wanna be fascist too busy trying to wreck democracy as best he can, but that's ok to these morons.

These both sides folks are useless to progress.

 

[Red Squirrel]

Are they doing like here in Canada where you need to pay it back? In that case I would just invest it into a TFSA high interest savings account and make a few fractions of a dollar off it until it's time to pay it back.