Biggest boondoggle ever.
Rooters again.
Rep Massey(?) made a great point....for the $2 TRILLION we’re spending we could have sent a check for 13,300 to the 150,000,000 workers in the country. That’d be a better help than the $1,200/$3,400 people are getting.
Just to give a sense of scale, “as much as $6 trillion” amounts to about $17,000 to every man, woman and child in America, citizen or not, if they just wrote each of us a check. A check of $68,000 for every family of four. How much of that do you suppose you will see?
Nancy is currently dreaming up another one. They see an avenue for pushing their agenda and won’t let this crisis go to waste
So do we continue on this road until China refuses to let the US borrow any more money?
Like a narcotic. The addict is always looking for a bigger high.
I am getting a GoPro Hero8.
Congress will likely need to pony up trillions of dollars more
...................................
“Congress doesn’t have a cent to “pony up” with.
Our great great grand children will still be doing the ponying.
Hey Reuters, shut up.
You can’t shovel enough treasure into the maw of the Beltway Beast.
I really don’t know how this can be sustained.
I hear $2 Trillion, but also hear $6 Trillion as the actual cost. And this amount was predicated on a return to business relatively soon, as in mid-April. Now it’s end of April.. maybe. So how can this be sustained?
Is the $2.2 trillion U.S. stimulus package bill available online?
“because America’s central bank is not allowed to take much credit risk itself”
I don’t know where they found that “rule”. I suspect that they made it up because it sounds good.
the markets are rallying - so i think we should cruise.
At some point, the system will break down.
Translation: The democrats want way more money. And they want more to funnel to all there progressive causes. And they want more to funnel through their shell companies and then back to themselves.
Keynesianism died with The Carter Administration.
People are still arguing over the grave marker these 40 years later.
OK. Following that reason, the “stimulus” should be 50 trillion dollars, in one year. That should really “stimulate” the economy!
Obvious bull$h!t. What it will do is deflate the value of the currency leading to runaway inflation and poverty.
Pray tell, oh Holy Reuters Gurus of the economy — if more is better, then there is no limit to how much more. Where should it stop?
Like the minimum mandated hourly rate (”minimum wage”). If $15 is great, then 30 should be better. In fact, let’s go to 60. NO. I say 600. But why stop there? Make it 5,000 per hour and those McDonald’s burger flippers will all buy 148 room mansions with pools and tennis courts.
(Except that a 149 room mansion will cost $680.0 million and the burgers $5,000.)