Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Biden to unveil trillions in pandemic economic relief spending next week
Reuters ^ | January 8, 2021 | By Trevor Hunnicutt

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 ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: biden; btc; budget; coronavirus; debt; deficit; election2020; eth; gold; silver; socialism
Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last

1 posted on 01/09/2021 2:08:27 AM PST by Oldeconomybuyer
[ Post Reply | Private Reply | View Replies]

To: Oldeconomybuyer

Now the entire country will look like NYS.


2 posted on 01/09/2021 2:10:41 AM PST by mewzilla (Break out the mustard seeds. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: mewzilla

Bailing out the grossly mismanaged, bankrupt dem controlled states is what this is about.


3 posted on 01/09/2021 2:16:51 AM PST by Islander7 (There is no septic system so vile, so filthy, the left won't drink from to further their agenda)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Oldeconomybuyer

CCP MONEY


4 posted on 01/09/2021 2:17:16 AM PST by ronnie raygun ( Massive mistakes are made by arrogant fools; massive evils are committed by evil people.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Islander7

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.


5 posted on 01/09/2021 2:20:45 AM PST by pepsionice
[ Post Reply | Private Reply | To 3 | View Replies]

To: Islander7

They can try.

There’s not enough money.

And they can’t print that much and still have an economy.


6 posted on 01/09/2021 2:21:47 AM PST by mewzilla (Break out the mustard seeds. )
[ Post Reply | Private Reply | To 3 | View Replies]

To: Oldeconomybuyer

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.


7 posted on 01/09/2021 2:32:10 AM PST by UnwashedPeasant (Trump is the last legally elected U.S. President.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: UnwashedPeasant

NYS won’t be bailed out.

Just our public employees.


8 posted on 01/09/2021 2:33:52 AM PST by mewzilla (Break out the mustard seeds. )
[ Post Reply | Private Reply | To 7 | View Replies]

To: mewzilla

so we’ll get our money....he promised us....yippee....


9 posted on 01/09/2021 2:44:04 AM PST by cherry (TRUMP WON!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Oldeconomybuyer

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.


10 posted on 01/09/2021 2:45:19 AM PST by cranked
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

JoeJoe STEALING OPM again? C’mon man.


11 posted on 01/09/2021 3:28:06 AM PST by PGalt
[ Post Reply | Private Reply | To 1 | View Replies]

To: mewzilla

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.


12 posted on 01/09/2021 3:29:46 AM PST by Harpotoo (Being a socialist is a lot easier than having to WORK like the rest of US:-))
[ Post Reply | Private Reply | To 6 | View Replies]

To: Oldeconomybuyer

13 posted on 01/09/2021 3:37:41 AM PST by kanawa ((Trump Loves a Great Deal (NorthernSentinel)))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Islander7
Bailing out the grossly mismanaged, bankrupt dem controlled states is what this is about.

I bet Minneapolis, who Trump refused to bail out, WILL get bailed out. The bastards.

14 posted on 01/09/2021 3:40:43 AM PST by Mark17 (USAF Retired. Father of a US Air Force commissioned officer, and trained Air Force combat pilot. )
[ Post Reply | Private Reply | To 3 | View Replies]

To: Oldeconomybuyer

Why not? Its not like we have to pay it back. Although, our names will be cursed by future generations. There is that.


15 posted on 01/09/2021 4:04:44 AM PST by joshua c (President Elect joshua_c. Hey if Joe can do it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

Will the “big guy” give up his cut?


16 posted on 01/09/2021 4:07:28 AM PST by Does so (We failed to call them Communists...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Islander7

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 .


17 posted on 01/09/2021 4:11:18 AM PST by caww (God is still on His throne....Trust Him especially when we don't understand!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Harpotoo

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.


18 posted on 01/09/2021 4:12:11 AM PST by Bodega
[ Post Reply | Private Reply | To 12 | View Replies]

To: Oldeconomybuyer

And when will the Venezuelan digital currency begin?


19 posted on 01/09/2021 4:17:30 AM PST by Daniel Ramsey
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

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.


20 posted on 01/09/2021 4:17:53 AM PST by Starcitizen (Thank you to the Senate for passing S.386, turning the US into the third-world shithole of India. )
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-49 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson