Skip to comments.Biden to unveil trillions in pandemic economic relief spending next week
Posted on 01/09/2021 2:08:27 AM PST by Oldeconomybuyer
U.S. President-elect Joe Biden said Americans need more economic relief from the coronavirus pandemic now and that he will deliver a plan costing “trillions” of dollars next week.
He said the proposal includes relief for state and local governments grappling with the pandemic, as well as new support for people who lost their jobs or cannot afford rent.
Biden also called for raising the minimum wage to $15, a campaign promise, and for sending out $2,000 in direct cash payments.
“We need more direct relief flowing to families, small businesses, including finishing the job of getting people that $2,000 relief direct payment. $600 is simply not enough,” he said.
Biden’s initial plan was for a bill under $1 trillion but he said on Friday that “economic research confirms that with conditions like the crisis today, especially with such low interest rates, taking immediate action - even with deficit financing - is going to help the economy.”
Biden’s transition team also said on Friday that they are looking into other economic relief actions they can take unilaterally, including extending a pause on repayments of federal student loans.
(Excerpt) Read more at reuters.com ...
Now the entire country will look like NYS.
Bailing out the grossly mismanaged, bankrupt dem controlled states is what this is about.
As of last month, the California debt situation was around $777-billion.
Just a humble estimate, but they’d likely be first in line and begging for at least $150-billion. The problem is for them, and the rest...they don’t first stand up to admit the budget process is a problem, and cuts have to be made.
This ‘gift’ process of Biden? Well...it only gives them a year or so of breathing space, and then the spending issue brings them back to $777-billion.
They can try.
There’s not enough money.
And they can’t print that much and still have an economy.
Pay offs to unions and community organizers.
Bailouts of corrupt, badly run states like NY and CA.
Redistribution of wealth from workers to the ruling class.
NYS won’t be bailed out.
Just our public employees.
so we’ll get our money....he promised us....yippee....
Going to be awesome when kids start playing with blocks of cash like Legos or burning stacks of cash in woodstoves in place of wood....... /s
I still remember Zimbabwe and how they were printing one hundred trillion dollar notes and people paying 100 billion for 3 eggs, etc.
JoeJoe STEALING OPM again? C’mon man.
Then watch the traitorous gope start complaining about the deficit again. Again to no avail cause we all know the hole we are in already.
I bet Minneapolis, who Trump refused to bail out, WILL get bailed out. The bastards.
Why not? Its not like we have to pay it back. Although, our names will be cursed by future generations. There is that.
Will the “big guy” give up his cut?
Biden: “First thing I’d do is repeal those Trump tax cuts.”....stated 5/8/2019,...soon to follow..they want the cash flow pouring .
I think you all have it wrong. Joebaby is going to be supplanted quickly by Camelatoeah who has a much more lethal bent and mind set. I presume you have been reading about her.
Were you aware she is NOT BLACK? Yet another lie the Dems believed or made up just as they believed Jill-Baby is a “real PhD” and just assisting Joebaby. She will be the one making statements using her own ideas or her keepers ideas and using Joebaby as the source....we Americans are so damned trusting. Fools all of us who do that! We should demand varifiable PROOF.
I predict Camelatoah will gather as many conservative names as possible, send the police to gather us up, and then we will face mass executions...I think I read she wanted trenches dug that the police would line us up on the lip of before they shoot us and let us fall in. It will be Nazi Germany and Japan in a WWII effort of extermination.
Who would ever stop her? I am almost convinced we have no conservatives in the military anymore, in our police forces, etc. There is no one in power to stop her as far as I can tell.
And when will the Venezuelan digital currency begin?
Good. As long as conservatives are not part of the political landscape for the foreseeable future, time to start sucking hard on that government tit. Drain their coffers. Bankrupt the whole effing deal.
We are the producer class in the US. Make it known.
Fire all liberals in any positions in the companies you run, if they are still open.
Dox them. Refuse to do business with the communist bastards.
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