its OUR money folks....our tax dollars...consider it just a little rebate from the thousands and thousands and thousands we pay in taxes....
if people use this extra money in the right way, it could be great.
if we all would pay off credit cards it would send shock waves thru the financial markers....
even better if most mortgages were paid off....
imagine a country where the big corporations and banks had to reduce prices and entice us to buy their products...
No stand alone Bill. Force Congress to fix the current bills. Congress combined the COVID and Omnibus bills to expedite the smoking pile of dung to PDJT for signature. Trump wants something out of this mess besides cutting the pork in the Omnibus bill. If they send up a stand alone bill, Trump has no leverage.
Everything you said is economically suspect. According to what I have read. You have people out there right now who have not paid their mortgage or their rent for months. From what I read some stopped paying in June when the protection started. Others stopped paying in October when their unemployment changed. A good many people just pocketed the unemployment +$600. Spent it and did not pay rent, they put it off because they could not be evicted. They maybe able to negotiate with their lender or landlord and use the $2000 as down payments, but it is unlikely. If people have not paid rent or their mortgage since October, they have other financial issues as well. Starting in January their credit will be destroyed, they will have trouble renting in good areas and will not be able to buy anything of value for years. They may even have difficulty when they apply for jobs. Anybody behind on their mortgage because they figured Uncle Sugar was going to bail them out are screwed. If not in January, some date very soon down the road. Paying off the credit cards with $2000 or $4000 will not shock the system, it will give banks much need liquidity. Great, the banks will have liquidity, the people who paid off their cards have $hit.
That $2000 or $4000 (per couple) benefits people like me. Will I spend it, sure eventually. I will not use it to pay off debt, that is just a waste.
The reason some in Congress did not want to give $2000 or the original $1200 again was because too many people in June stuck that money into savings. It did not stimulate the economy the way they had hoped. They need people to spend that money on goods locally to stimulate the economy. The other problem with the COVID relief in June was it became a boondoggle for Amazon. People who did spend the $1200 bought online, not locally. It is the local small businesses that hire the majority of people that are going under.