Pelosi urges Congress to 'go big' on next virus aid package

[jjgold]

It’s bad

Dems
Are
So
Dumb

[hubie69]

I'm in general against federal government bailouts for the people, I think the inflation risk is high. Hell, inflation has been going up the last 10-20 years without bailouts. And I understand not all metrics provided' show this, but I don't need to see those metrics to know the price of milk, produce, protein, and gas have been trending upwards (Yes, I know gas is down right now, that's supply and demand related, not inflation related).

If we were going to have a bailout though, now would be the time.

[Shafted69]

Let's stop all the bailouts. Cancel the 6T already approved and get rid of the FED. Go back to the gold standard. Remember when rethuglicans were screaming this the top of their lungs when the black guy was president?

[pavyracer]

We need to have a bailout for the working class and not a bailout of the corporations. Moscow Mitch is only looking after the corporations that pay him kickbacks. How come a Senator with $150,000 annual salary has a net worth of $25 million? The answer is kickbacks.

[TheMetsSuck]

I know a ton of people in New York still waiting to get their unemployment benefits and it’s been two months. The system is broken...

[JIBBBY]

Anyone who got laid off is getting juiced up unemployment.

Why do we need for bailouts?

On top of that here in California they aren't even paying rent as owners can't evict under law.

The unemployed are getting stim checks, juiced unemployment checks and lastly don't have to pay rent.. Why would you want to go back to work? You're getting rich basically staying at home binge watching tv and ordering in food.

[INVEGA MAN]

I need about 3 more months worth of this free money!! If so Trump will get my vote!! MAKE MY WALLET WEALTHY AGAIN.

[nyplayer33]

You better give out money, with half businesses going under the people in college will not get a job for a few years

[KVB]

I'm in general against federal government bailouts for the people, I think the inflation risk is high. Hell, inflation has been going up the last 10-20 years without bailouts. And I understand not all metrics provided' show this, but I don't need to see those metrics to know the price of milk, produce, protein, and gas have been trending upwards (Yes, I know gas is down right now, that's supply and demand related, not inflation related).

If we were going to have a bailout though, now would be the time.

Wrong Hubie, there have been plenty of bailouts in the last 20 years.

[SBR_Guest_Pro]

Can someone explain, very simply, short and sweet, why I should give a f about the deficit?

Higher income tax, higher sales taxes coming with higher deficits.

[SBR_Guest_Pro]

Dumbasses rather give handouts to Billionaires than their next door neighbor. Haters. No pussy does that to you.

Rich lives matter

[SBR_Guest_Pro]

Jibbby is going to die!

was one of my favorite shows as a kid

[sweethook]

free free free

[goduke]

If you are working a job with "no hope" then why are you there? Why are you not either learning a trade or something new that will fill you with a purpose? There has to be some personal responsibility in there. There are people who bust their tails on 2-3 jobs for their families because they have hopes for better tomorrows. There are some who sacrifice for their families. There are some who just had the government stomp all over their dreams and futures by closing them down because people got scared and the so-called smart people who are supposed to know viruses lied about their numbers and data. No one calls them into account for how wrong they got this.

And how would Nancy know what America needs? She has been at home with her ice cream. She has kept the House from being in session. DiFi has been complaining about the Senate having to work since she is 159 years old. Nancy isn't much younger, so she wasn't going to risk herself. She is insulated in her home and knows nothing about what goes on in fly-over country.

I never said she knows what shes talking about at all. My comment was in regards to Jibby saying people should be proud to go back to their dead end jobs with no hopes. And I think people are working at those jobs because they are stuck. If you have kids and family the ability to take time away from working to learn a trade or find a better job might not be there without sacrificing your familys income. In no way am I commending the government for their actions. My comment was that these people who are unemployed arent just alcoholics and drug addicts but may be people who now for the first time have an opportunity to reset their lives and apply it to better their life and their families. Jibby had said that unemployed people would just do drugs and drink.

[Checkerboard]

Her attempt to really destroy the Economy is to give out more and BIGGER handouts even when the economy is starting to re-open... No one will ever want to come back to work even when the economy re-opens if you keep feeding them FREE money..

Trump will look bad after Corona is over in November then.

Dems are sneaky... So political..

Not sneaky, pretty transparently destructive.

[mezmurized2]

.
.

Can someone explain, very simply, short and sweet,
WHY I should give a f about the deficit?

Good question.


I'll take a stab at it. Caveat: I am NO expert; just reasonably well read


Extremely brief version: financial pain,
increased taxes, stagnating wages but rising inflation, plus worse infrastructure,
rising UNDERemployment, and falling behind China even further.






My "CliffsNotes" version:


We can more or less basically think of it this way:
a "deficit" is like our annual family/home budget,
where our expenses are MORE THAN our annual income.

Our "debt" is the year-by-year accumulation of those "deficits"


Think of ALL your annual household purchases & expenses are paid with a credit card (15% interest)
It's bad enough to have debt - because not only do we have to pay it off but we have to pay that 15% interest on the debt (sometimes loosely referred to as "servicing our debt")

*IF* we run annual "deficits" in our home budget - where we spend more each year than our income - well, obviously the total debt keeps piling up, *AND* even worse is that 15% interest we also have to pay is then 15% of a much higher number. Year after year it just gets worse!

In our household, as that debt and "service on the debt" (interest payments) become increasingly higher, we would have no choice but to cut back on our expenses, and/or reduce our spending on things we want/need. It may get to the point where we will have to find another source of revenue - like a weekend job - just to help pay the bills. Even with that 2nd job, that money might only be enough to barely make our monthly credit card payments but not enough to cut into the principal and REDUCE the debt.

So, looking at it nationally, this would highly likely mean tough "austerity measures" - somewhat akin to the hardship imposed on Greece several years ago for which the people are still hurting financially...their way of life RUINED.

We would ultimately be forced to make significant cuts to spending on common budget items like defense or old age pensions or research into vaccines and other health related issues...

AND we would be forced to slash, delay, or shelve entirely some or all planned expenditures on things like infrastructure, clean water, or many new technologies to keep us ahead of China, etc...

AND, just like needing to take a second job to generate more income to our families, NATIONALLY it will force the government to raise taxes (to get more income into federal coffers to pay down the debt)

Also, depending on severity and urgency, interest rates (cost of borrowing/mortgages) would rise.
The national ability to create space for a "rainy day fund" to deal with future needs/emergencies would be wiped out.
Stock markets can and likely would react negatively - devaluing our investments - possibly leading to another financial crisis around the world...again
By ruining our international credit rating, the cost of borrowing would be much higher (we owe the Chinese $1 TRILLION now) and possibly our dollar would devalue significantly - making the cost of everday purchases higher, along with significantly lowered growth in GDP.
Almost certainly wages would stagnate and inflation will rise. It's bad enough if either of these happens, but when BOTH happen it's a double whammy to us.


All this of course would be CRUSHING to leave the next generation, who already will have to raise more income from FEWER people as our population ages (increased life expectancy) and the increasing pop. of elderly are removed from the workforce.
It might be roughly akin to the scope of disaster
the previous Republican administration (Bush) left for Obama.
If not quite that bad then certainly close.


A few sources for further info:

http://www.crfb.org/papers/why-should-we-worry-about-national-debt

https://www.pgpf.org/top-10-reasons-why-the-national-debt-matters

https://www.usnews.com/opinion/economic-intelligence/articles/2018-02-14/why-you-should-care-about-deficits-and-debt

.
.

[JIBBBY]

She wants to give all illegals $1200 in stim checks also in the package along with no deportations during corona.. Lol..

What a ding bat. Americans don't want to throw away their tax dollars on this bulll shiiiit.. Pelosi is out of her mind!!!

[eidolon]

Really ?!


For that to happen it must be APPROVED by Mitch McConnell

then *passed* by the REPUBLICAN Senate...

then TRUMP has to *agree* and sign it into law.


Therefore, LOGICALLY, it would be ALL Pelosi's fault...

...well, and Hunter Biden too ...of course.





.
.

go back to reddit.

[Emily_Haines]

My fair share of the proposed 3 trillion aid package is 10k

Why am I and everyone else only getting 1200?

[Emily_Haines]

$1200 checks for illegals

[JIBBBY]

Right, why not just give every Mexican in Mexico $1200 as well on the US tax dollars?

Pelosi and those silly Dems.. Clown show in Congress..

[nyplayer33]

Better to fight war vs SADDAM and thatvwas trillions for make belief concerns....BUSH REPUBLICAN

[nyplayer33]

Illegals have been working in this country and most americans hired them.

[manny24]

mesmerized act is so tired we want Bear back

[mezmurized2]

.
.


Good question.


I'll take a stab at it. Caveat: I am NO expert; just reasonably well read


Extremely brief version: financial pain,
increased taxes, stagnating wages but rising inflation, plus worse infrastructure,
rising UNDERemployment, and falling behind China even further.

My "CliffsNotes" version:


We can more or less basically think of it this way:
a "deficit" is like our annual family/home budget,
where our expenses are MORE THAN our annual income.

Our "debt" is the year-by-year accumulation of those "deficits"


Think of ALL your annual household purchases & expenses are paid with a credit card (15% interest)
It's bad enough to have debt - because not only do we have to pay it off but we have to pay that 15% interest on the debt (sometimes loosely referred to as "servicing our debt")

*IF* we run annual "deficits" in our home budget - where we spend more each year than our income - well, obviously the total debt keeps piling up, *AND* even worse is that 15% interest we also have to pay is then 15% of a much higher number. Year after year it just gets worse!

In our household, as that debt and "service on the debt" (interest payments) become increasingly higher, we would have no choice but to cut back on our expenses, and/or reduce our spending on things we want/need. It may get to the point where we will have to find another source of revenue - like a weekend job - just to help pay the bills. Even with that 2nd job, that money might only be enough to barely make our monthly credit card payments but not enough to cut into the principal and REDUCE the debt.

So, looking at it nationally, this would highly likely mean tough "austerity measures" - somewhat akin to the hardship imposed on Greece several years ago for which the people are still hurting financially...their way of life RUINED.

We would ultimately be forced to make significant cuts to spending on common budget items like defense or old age pensions or research into vaccines and other health related issues...

AND we would be forced to slash, delay, or shelve entirely some or all planned expenditures on things like infrastructure, clean water, or many new technologies to keep us ahead of China, etc...

AND, just like needing to take a second job to generate more income to our families, NATIONALLY it will force the government to raise taxes (to get more income into federal coffers to pay down the debt)

Also, depending on severity and urgency, interest rates (cost of borrowing/mortgages) would rise.
The national ability to create space for a "rainy day fund" to deal with future needs/emergencies would be wiped out.
Stock markets can and likely would react negatively - devaluing our investments - possibly leading to another financial crisis around the world...again
By ruining our international credit rating, the cost of borrowing would be much higher (we owe the Chinese $1 TRILLION now) and possibly our dollar would devalue significantly - making the cost of everday purchases higher, along with significantly lowered growth in GDP.
Almost certainly wages would stagnate and inflation will rise. It's bad enough if either of these happens, but when BOTH happen it's a double whammy to us.


All this of course would be CRUSHING to leave the next generation, who already will have to raise more income from FEWER people as our population ages (increased life expectancy) and the increasing pop. of elderly are removed from the workforce.
It might be roughly akin to the scope of disaster
the previous Republican administration (Bush) left for Obama.
If not quite that bad then certainly close.


A few sources for further info:
http://www.crfb.org/papers/why-shoul...-national-debt
https://www.pgpf.org/top-10-reasons-...l-debt-matters
https://www.usnews.com/opinion/econo...icits-and-debt

[astrobloke]

It’s bad

Dems
Are
So
Dumb

like a scientology CULT the lot of them.

Even Adam Shiff cannot help them now! HAHAHAAH

[jjgold]

we will go broke

[astrobloke]

we will go broke

world wide depression coming JJ, yes.

If trump gets re-elected, that will help you get out of it.

But I agree with you corona <> turns into WORLD WIDE DEPRESSION soon, and many events will confirm the lead up!

[mezmurized2]

Right, why not just give every Mexican in Mexico $1200 as well on the US tax dollars?

Pelosi and those silly Dems.. Clown show in Congress..

Well, sure, the Federal government *could* do that, but



for that to happen it must be APPROVED by Mitch McConnell

then *passed* by the REPUBLICAN Senate...

then TRUMP has to *agree* and sign it into law.


Therefore, LOGICALLY, it would be ALL Pelosi's fault...

...well, and Hunter Biden too ...of course.

.

.

.
.

[Mr KLC]

[JIBBBY]

Pelosi is a disgrace. She always was.. Sell out ding bat. Donors love her..

[pavyracer]

Why are you blaming Pelosi? The Republicans can't agree themselves what they want. If not stimulus is needed then let the market determine the course of the economy.

[Hot Jerry]

LOVE my girl PELOSI - an ANGEL !!

[19th Hole]

LOVE my girl PELOSI - an ANGEL !!

Jerry...Are you having symptoms?? Has your taste left you?? Check the warning signs.

[19th Hole]

Who is this newbie, non-pro Mezmurized and who gave him the new box of Crayolas??