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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
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To: UnwashedPeasant

ONE of Biden’s campaign promises was to END “RIGHT TO WORK” states & to force every job tom be a UNION job.

HOW many self- employed persons are there in the USA???


41 posted on 01/09/2021 7:51:19 AM PST by ridesthemiles ( )
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To: Russ
I see a re-implementation of the "Fairness Doctrine" for radio/tv.

Its removal around 1986 gave rise to El Rushbo and talk radio.

42 posted on 01/09/2021 8:22:18 AM PST by ealgeone
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To: mewzilla

New York, and Chicago will look new, the rest will be zlum..


43 posted on 01/09/2021 8:44:00 AM PST by aces (and )
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To: kanawa

we wuv u wong time sa


44 posted on 01/09/2021 8:44:45 AM PST by aces (and )
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To: Oldeconomybuyer

Sure there’ll be money to help you out....

...unless you’re WHITE.

“Sorry, nothing for you! Go and die in whatever means you see fit.”


45 posted on 01/09/2021 8:46:03 AM PST by hoagy62 (DTCM&OTTH)
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To: kanawa
Trump>>> Hand up

Biden>>> Hand out

You're right. Hand up...dignity.

Hand out... dependency.

46 posted on 01/09/2021 9:55:15 AM PST by GOPJ (Seventy-three million citizens thought the election was rigged - enough to start a new party.)
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To: Islander7

Bank on it note what states get it first and how much.


47 posted on 01/09/2021 10:14:17 AM PST by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: Oldeconomybuyer

The looting of what’s left of the Treasury begins.

I hope you have dumped everything you can into hard goods, because the inflation under the Harris administration will make the crapstorm of the Jimmy Carter years look like the well-know church picnic.


48 posted on 01/09/2021 10:16:35 AM PST by ASOC (Having humility really means one is rarely humiliated)
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To: mewzilla

Yep, the entire country is California/New York now.


49 posted on 01/09/2021 10:20:43 AM PST by BookmanTheJanitor
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