Senate and WH Agree on Terms of Stimulus Package

[Chili]

https://www.cnbc.com/amp/2020/04/21/large-public-companies-are-taking-small-businesses-payroll-loans.html

Many of these picking companies are hedge fund backed. No wonder they got their cash.

[JWags85]

https://www.forbes.com/sites/shaharziv/2020/04/14/why-are-rich-americans-getting-17-million-stimulus-checks/amp/?__twitter_impression=true

👍

What garbage clickbait headlines.  Tax write offs and pass through loss exemptions are not stimulus checks.  Pretending that rebates and future tax benefits are the same as lump sum payouts or checks is one of the lamest tactics to rile up a group of people.  Its the same crap they did to try and run Amazon out of NYC.

[jesmu84]

 
What garbage clickbait headlines.  Tax write offs and pass through loss exemptions are not stimulus checks.  Pretending that rebates and future tax benefits are the same as lump sum payouts or checks is one of the lamest tactics to rile up a group of people.  Its the same crap they did to try and run Amazon out of NYC.

Agree on the headline. Subject of the article is more where my problem lies.

[MU82]

Lots of hypocrites out there ...

https://www.charlotteobserver.com/opinion/article242231476.html?

Former S.C. governor and U.S. Ambassador to the United Nations Nikki Haley says that states shouldn't be asked to be "bailed out" from the COVID-19 crisis by the federal government. Instead, they should "tighten up, make some cuts and manage," Haley said in a tweet Thursday morning.

The tweet reflects the latest GOP talking point in a growing debate over state shortfalls during the coronavirus crisis. On Wednesday, Senate majority leader Mitch McConnell rejected calls from Democrats to give those struggling states, many of them blue, tens of billions of dollars in emergency pandemic relief legislation. Said McConnell: "There's not going to be any desire on the Republican side to bail out state pensions by borrowing money from future generations."

That's rich, coming from the senator of a state, Kentucky, that takes out $148 billion more out of the federal pot than it takes in, as New York Gov. Andrew Cuomo noted Thursday.

That's especially rich for Haley, who as North Carolina's neighboring governor had no hesitation about federal aid when her state's rainy day came in the form of flooding after storms in 2015. Not to mention that like Kentucky, South Carolina under Haley collected more federal money than most states.

[The Sultan]

That's rich, coming from the senator of a state, Kentucky, that takes out $148 billion more out of the federal pot than it takes in, as New York Gov. Andrew Cuomo noted Thursday.

Which is a misleading statistic.  It always has been.  Of course Kentucky is going to get more federal money then it pays in.  It has a relatively small population and federal installations like Fort Campbell, which doesn't just benefit Kentucky but the entire country.

Don't get me wrong.  McConnell's comments aren't helpful.  But these types of stats are always taken completely out of proper context.

[MarquetteDano]

Which is a misleading statistic.  It always has been.  Of course Kentucky is going to get more federal money then it pays in.  It has a relatively small population and federal installations like Fort Campbell, which doesn't just benefit Kentucky but the entire country.

Don't get me wrong.  McConnell's comments aren't helpful.  But these types of stats are always taken completely out of proper context.

Size of the state had nothing to do with it. Connecticut, Delaware, Rhide Island, etc.all smaller than Kentucky yet bring more tax And they get less money per person.

Plus all those states are net winners to fed coffers

[The Sultan]

Size of the state had nothing to do with it. Connecticut, Delaware, Rhide Island, etc.all smaller than Kentucky yet bring more tax And they get less money per person.

Plus all those states are net winners to fed coffers

You only addressed one side of the equation.

[Mutaman]

federal installations like Fort Campbell, which doesn't just benefit Kentucky but the entire country.

Isn't this true of every state, including those who pay a lot more to the feds than they take in? Particularly New York? Let's move the UN to Lexington. I'm sure some of those foreign delegates would appreciate good thoroughbreds.

[MarquetteDano]

You only addressed one side of the equation.

Anyway you slice it Kentucky costs the Fed money. And smaller states than Kentcuky do not. If you travel like I do it to states like Kentucky it isn't surprising.

[The Sultan]

Anyway you slice it Kentucky costs the Fed money. And smaller states than Kentcuky do not. If you travel like I do it to states like Kentucky it isn't surprising.

When those states have large miltary installations, like Fort Campbell, of course they do.

But it's not a relevant statistic.  It is used to influence the simple minded because it lacks nuance. 

[MU82]

If, as expected, Haley is one of the faves for the 2024 GOP presidential nomination, it will be interesting to hear her explain why it was OK for her to beg for money in 2015 but bad for governors to ask for money now.

[MarquetteDano]

When those states have large miltary installations, like Fort Campbell, of course they do.

But it's not a relevant statistic.  It is used to influence the simple minded because it lacks nuance.

Yeah states with military all lose money. Like California, Texas, North Carolia, New Jersey.

[The Sultan]

Yeah states with military all lose money. Like California, Texas, North Carolia, New Jersey.

<sigh>  Which are states with a lot of tax payers. 

[reinko]

<sigh>  Which are states with a lot of tax payers.

I get your point, but Fort Campbell ain't costing the state of KY 148 bil a year.  Not too mention it shares a border with TN.  But I think you can agree, KY outside of things military bases takes in waaaaaay more $$$ than it puts into federal coffers.

[MarquetteDano]

<sigh>  Which are states with a lot of tax payers.

No. Has to do with just not enough wealth in the state per person to cover their bills. Do we need to break down servicemen per state in small states to prove small states can still make money even with military. All on the GAO website.

[The Sultan]

No. Has to do with just not enough wealth in the state per person to cover their bills. Do we need to break down servicemen per state in small states to prove small states can still make money even with military. All on the GAO website.

Go ahead. Keep trying to prove something that's not a relevant stat. Waste your entire weekend for all I care.

[MarquetteDano]

Go ahead. Keep trying to prove something that's not a relevant stat. Waste your entire weekend for all I care.

Weak. Looks like someone can't handle being wrong which you absolutely are in this case.

[The Sultan]

Weak. Looks like someone can't handle being wrong which you absolutely are in this case.

1. I am absolutely not wrong.  You simply stating it doesn't make it right.

2.  The stat is not relevant anyway.  So if you want to prove me wrong, which you can't by the way, go ahead.  It's a futile effort and I don't care anyway.

3. But you travelled to Kentucky before.    Hope you enjoyed your bourbon tour.  Apparently it makes you an expert.

[Jay Bee]

Only the poors get the stimulus. Where is the outrage?

[MarquetteDano]

1. I am absolutely not wrong
2.  The stat is not relevant anyway.  So if you want to prove me wrong, which you can't by the way, go ahead.  It's a futile effort and I don't care anyway.

Well hard to argue that. You are not wrong, no matter what the numbers prove.

Agree with you on a lot of things. Just not this topic.

Edit: my comments towards the state of Kentucky could have been seen as disparaging.
My apologies

[Hards Alumni]

Only the poors get the stimulus. Where is the outrage?

Maybe we have enough, JB.

[jesmu84]

https://www.nytimes.com/2020/04/24/business/tax-breaks-wealthy-virus.html

Lol

[tower912]

Only the poors get the stimulus. Where is the outrage?

I have enough.   Others don't.  Celebrate that in some microscopic way that Jesus' call to be our brothers' keeper and to give to the poor is being answered at the government level.

http://www.usccb.org/about/domestic-social-development/resources/upload/poverty-common-good-CST.pdf


I'll pray for you.   


And the haves are doing just fine.

[Jay Bee]

I have enough.   Others don't.  Celebrate that in some microscopic way that Jesus' call to be our brothers' keeper and to give to the poor is being answered at the government level.

http://www.usccb.org/about/domestic-social-development/resources/upload/poverty-common-good-CST.pdf


I'll pray for you.   


And the haves are doing just fine.

I know people who are working and got stimulus checks. There are many. It's bonus pay for them; they love it.

I realize there's no easy way to determine who gets it and who doesn't, but I will point out it's unfair, discretionary and lacking logic. I kindly ask you to send me money to help me feel better. Thanks!

[tower912]

You shouldn't be defined by money.   And I already subsidize those with more than me.