Posted on 02/13/2021 7:37:21 AM PST by RandFan
Biden has abandoned bipartisan compromise and pushed full-steam-ahead to pass his entire sweeping $1.9 trillion COVID-19 spending package. The president’s proposal includes $1,400 “stimulus” checks for more Americans, $350 billion to bail out state and local governments, a renewal of super-charged unemployment benefits through September, money for vaccine distribution, a federal $15 minimum wage, and much, much more. Democrats in Congress are determined to mark up the bill over the next few weeks and pass it by early March.
But the state of the economy doesn’t support this spending bonanza—not even close.
The nonpartisan Congressional Budget Office is projecting a “rapid” resurgence in economic growth and a slower but steady return to pre-pandemic employment levels without any further stimulus. (We’ve already spent an astounding $4 trillion). And top free-market economists interviewed exclusively by FEE all argued that Biden’s drive for more massive stimulus is driven by politics, not sound economics.
“We absolutely don't need another multi-trillion dollar stimulus,” Texas Tech economics professor Alex Salter said. “We've already spent $4 trillion fighting COVID since last year. Lack of spending isn't our problem. Government should spend more on producing and distributing the vaccine, and otherwise get out of the way.”
Meanwhile, economist Stephen Moore of FreedomWorks argued that government spending can actually be a negative for the economy, because the money has to come from somewhere else.
“Helicopter money merely redistributes wealth—it does not create it,” he said. “We don't need this extra stimulus.”
(Excerpt) Read more at fee.org ...
As long as they increase unemployment to $15/hr in the stimulus package it’ll all be good.
‘Rats and some pubs don’t want us to work. They want us dead. The vaccine cascade, will help.
Wait until they raise taxes...
Biden is just a hot air hack yes boy he’s clueless about everything so is giggles Harris.
Taxes? We don’t need no steenkin’ taxes. Of course gas is already nipping at $3 at some stations near us. Looking for $4 in the not to distant future.
“WHERE’S OUR DOUGH JOE AND HO?!”
There’s a lot of “pent-up” demand, literally.
I recently saw a picture taken in the Silver Lake area of LA that showed how readily Americans would go back to their old free-spending lifestyles.
In many neighborhoods in the USA, not a single house is available for sale.
When a house appears on the market, a bidding war erupts.
it’s an evil policy. Basically kill off the elderly.
I agree with most of this, EXCEPT:
If you are/were a barber, hairdresser, beautician, bartender, waiter/waitress, cook, busboy, small store owner, or anyone whose job requires being around other people, AND the government forced you into unemployment or your business to close, then:
You should get something to survive on.
The government needs to let people make their own decisions. The closing and shutdown were supposed to be a two-week solution for flattening the curve, so medical services wouldn’t be overwhelmed.
We are now almost 50 weeks into that 2-week shutdown.
Imagine for just a minute that you were a well trained, experienced barber who recently sunk all his money into expanding his little barber shop, knowing that people liked his hair cuts and service, and suddenly the GOVERNMENT closes you business.
I could understand a few weeks due to an emergency, but a whole year? And months to go?!
What the hell are these people, like the barber, supposed to do?
They’re NOT laz-abouts scamming the system. We have plenty of those, but now we’ve added a whole group of working class people, probably many of them conservative, into a helpless, hopeless situation.
All that may be true but it makes more people reliant on government and that’s what they want.
Agree about the barbers etc. having to close and should get assistance.
I think the complaint is the unemployment check is more than you can get for working therefore “incentivizing” unemployment...
By the same token, there’s all this government talk about helping small businesses affected by the lockdown. How about just allowing them to reopen, rather than throw money at them as if that would make a difference?
Understand. My point was, for those people who are not allowed to go back to work, there is no incentivizing them to stay unemployed, because they’re being FORCED into continuing unemployment.
For those who can go back to work, say a school teacher of factory assembler, and that work is available and open, I agree with you. They should be told go back to work or the unemployment payments stop. Not even reduced, just ended.
But how do we make that distinction, especially when codified as legislation?
Let’s not throw the baby out with the bathwater.
There’s still a huge number of Americans under the jackboot of government Karens and Nanny-staters who are, even these last few weeks, demanding even more closures and extensions.
Every day I think this is going to end soon. But it goes on and on.
Since the beginning of January, with the so-called new strain from the UK and South Africa, we’ve gotten a ton more of restrictions and closures, especially in blue states.
Yet places such as Florida are wide open for business, but with an adversarial press rubbing their hands with glee hoping for a rise in cases or deaths in that state because of politics.
When will the madness end?
After the $400/week runs out in September, expect the Dems to submit another ‘COVID relief bill’ with the excuse that the “variant” strains are creating a new “surge” in “cases”. Continued lockdowns ad infinitum, more businesses destroyed, and more and more people reliant on a few hundred dollars each week from the government to merely survive. This will also keep the universal mail-in ballot scheme going, at least through the 2022 midterms.
This is an evil agenda. Evil in the extreme. The GOP is sitting there twiddling their thumbs while America’s economy burns to the ground, and untold numbers of citizens despair.
Pray...
In the early rounds. Later rounds include you and I.
See almost any interview of Catherine Austin Fitts.
Well, you know - just because he's TRUMP!
And how many supported and/or voted for Pedo-Joe?
.
I don’t think the stimulus payments are a great idea, but
they sure outweigh the hundreds of billions of pork and
foreign payments within the bill.
Some of these detractors lose focus though. These payments
DO NOT incentivize unemployment.
Another person stated they were a bad idea, because if the
$600 and $1,400 payments will change your life, you’re screwed
already.
The actual reason is because it’s serves to balloon the
national debt.
Some folks don’t really know how to speak out against
something with the proper reason.
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