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I can’t believe how out of touch the rich guys from NY/DC are in trying to address this situation. Eric Bolling on Steve Bannon’s show right now pushing Eric’s offensively bad program yet again. Unfortunately Eric says he had the opportunity to pitch it to Trump and Kudlow and it’s going to Mnuchin right now.

It would give every household in America a $2300 a month debit card that would only be good for 30 days and would allow, for example, $1000 a month to be spent only on restaurants and food, $1000 a month on healthcare, $300 a month on transportation, etc. The stuff that poor people need—rent, monthly payments on credit, etc.—expressly wouldn’t be allowed.

So we spend hundreds of billions a month on largely frivolous, expensive restaurant meals. The upper middle class has a field day. A massive underground economy blooms. And just a massively misguided program.

What scares me is Kudlow taking this seriously. But these guys live in the luxury lifestyle of Manhattan and to them, this is somehow helping the “little guy”.

Has anyone been watching the India numbers? They are entering the exponential phase.

For some reason, my heart aches more for India than most other countries. I know there are millions living in squalor who simply cannot get out of the way of this thing.

I’m not sure there are enough restaurants around here to actually SPEND 1000 a month on?

I can’t see how we’d EVER spend $300/month on ‘transportation’. We don’t have enough gas cans/storage for that much gas.

What a nutjob.

We need to toss him in the East River.

Just did quick math.

That’s $30/day at the Sonic nearest us. Or the McD’s.

I’m not gonna bash Sonic, we have it as a treat every cpl months.

But hell if I’m going to feed my family crap once a day for a month.

Hell no.

I'm going to ignore the debit card topic. My personal experience is working 70 hour weeks. My wife works 4 X 10 hour shifts. Night shift. We see each other about 2 hours each day. That is for dinner. Before the COVID-19 lockdown, we did that at Applebee's, Texas Roadhouse, Chili's, locally owned restaurants. Places that employ lots of minimum wage staff scraping out a living waiting tables and cooking food. It is good for the local economy and gives my wife and me a break from our hard charging work schedule.

That's not happening now. We're still working the same hours, but now we just cook dinner while dodging the 8 dogs who want to see us. We eat, wash dishes and resume work. The restaurants are closed down. A few have restricted menu take out. The Applebee's manager will do take out until the food stock in the building is gone, then will shut it down. The grocery shopping we would do after dinner isn't happening now.

I certainly don't live a luxury life style. The servers and businesses that I used to be able to support in exchange for an hour away from the work grind are going to be in tough shape. I don't subscribe to handing out cash just to prop up the economy. That money doesn't grown on trees. It is being stolen from our bank accounts by debasement of the currency.