The original intent here was why would the government give these checks to folks who are already retired and or on SS? Those people (me included) already live off our retirements, pensions and SS. Giving me a $1200 check ($2400 with the wife) makes no sense.
I’ve lost money in the Stock Market that I’m not happy about it but my monthly income hasn’t changed because of COVID-19, I expect the stock market will rebound eventually so giving me a check is wasted money. Spending wise we’re still spending the same, paying our bills and buying groceries at a normal not hoarding rate.
This is like giving the $600.00 in addition to those on unemployment.. makes no sense.
If you’re retired you’re old enough to remember Bush II’s “stimulus” thing. He gave us a bunch of money, to go spend it, kick start the economy, and get out of the recession. That’s really what this is. They can talk all they want about helping people with lost income and all that. But it’s a lie. It’s a stimulus package, here’s money GO SPEND IT.