Proposed 2nd round of stimulus

[jesmu84]

https://www.forbes.com/sites/ryanguina/2020/04/18/proposed-2000-monthly-stimulus-checks-and-canceled-rent-and-mortgage-payments-for-1-year/#150614a32b48

1 or both of these ideas should have been in the first round.

[MarquetteDano]

Yowza.  My head hurts on how much that would cost for a year.  I wonder if they need to move down the means test (less people being eligible).  That is a lot of $$$.

[forgetful]

https://www.forbes.com/sites/ryanguina/2020/04/18/proposed-2000-monthly-stimulus-checks-and-canceled-rent-and-mortgage-payments-for-1-year/#150614a32b48

1 or both of these ideas should have been in the first round.

Confused a bit by the rent/mortgage aspect. For mortgage, would your principal be paid down?

If not, I see complaints, because you essentially get to live for free if you are renting, but just get delayed payments if you own. I bet a bunch of people would not be ok with that.

The UBI proposal seems like it would be more likely to be supported. But think the GOP would have a hard time with it, because of the precedent it would create.

Agree though that things like this should have been in the first one.

[Jay Bee]

https://www.forbes.com/sites/ryanguina/2020/04/18/proposed-2000-monthly-stimulus-checks-and-canceled-rent-and-mortgage-payments-for-1-year/#150614a32b48

1 or both of these ideas should have been in the first round.

Outrageous! Why do only the poors get $? Just bc I’m middle class means the dimes on me! Ugh

[GB Warrior]

Priority 1, 2 and 3 should be to make filing for unemployment easier and to further extend those benefits. Then target those with reductions but who are still on payroll.

Also need a fresh round of small business loans and protections with (gasp) legitimate quality gates and oversight

[tower912]

Spend the money on testing getting a vaccine and this won't be necessary.

[Skatastrophy]

Spend the money on testing getting a vaccine and this won't be necessary.

+1

Investing in hospital/overflow capacity, testing, and PPE supply chain should be the priority. That's the path to opening things back up. People will get sick, but if we can keep our hospitals from overflowing we will better be able to get through this thing.

Until we have those three things, stay-at-home measures and federal stimulus money are going to keep people alive + fed and keep them from rioting.

[Hards Alumni]

Outrageous! Why do only the poors get $? Just bc I’m middle class means the dimes on me! Ugh

I know you're just trolling, but if you don't qualify for the money, you are decidedly not middle class.

I would argue that you lack class though.

[Jockey]

I know you're just trolling, but if you don't qualify for the money, you are decidedly not middle class.

I would argue that you lack class though.

Like his hero, JB wants to make sure this is about himself.

[TSmith34, Inc.]

Outrageous! Why do only the poors get $? Just bc I’m middle class means the dimes on me! Ugh

Thought you already had 2 years worth of Spaghetti-O's and Pampers stored up?

[Jay Bee]

Thought you already had 2 years worth of Spaghetti-O's and Pampers stored up?

I’ll be fine; it’s the principle of it.

#ForgottenOne
#OnOurOwn
#TwoNations
#LastDays

[JWags85]

Priority 1, 2 and 3 should be to make filing for unemployment easier and to further extend those benefits. Then target those with reductions but who are still on payroll.

Also need a fresh round of small business loans and protections with (gasp) legitimate quality gates and oversight

I agree with this. Unemployment and SBA financial backing are the key. As well as funding testing. Anything that basically puts people on government handout payroll until this is over sets a terrible precedent.

[Jockey]

I agree with this. Unemployment and SBA financial backing are the key. As well as funding testing. Anything that basically puts people on government handout payroll until this is over sets a terrible precedent.

I can’t see anything getting passed soon.

Ds will demand money for unemployment and small businesses, and lockdown oversight. Rs will demand money and tax breaks for the wealthiest and to remove oversight. I’ve simplified it but those are the basics.

[GB Warrior]

I agree with this. Unemployment and SBA financial backing are the key. As well as funding testing. Anything that basically puts people on government handout payroll until this is over sets a terrible precedent.

Less about handouts in my mind so much as not putting money in the hands of people like me, Jaybee, etc that don't need it.

[tower912]

I don't need the money, either.  Spend the money on the science, the testing, the supplies, the small businesses, the unemployed, and those poor, essential, minimum wage shelf stockers and cashiers.   

[Jockey]

I don't need the money, either.  Spend the money on the science, the testing, the supplies, the small businesses, the unemployed, and those poor, essential, minimum wage shelf stockers and cashiers.   

Food pantries. When I told my wife that we got the money, the first thing she said was “we’re not keeping it, right?”

[4everwarriors]

This is an absolutely horrible idea brought forth from some of the original idiots on the left. Let's mortgage the entire future for a quick fix now. WTF, why would anyone want to work? The soundest and quickest way to restore the economy is to get people working again, not to make them totally dependent on Uncle Sugar. Unless, of course, Socialism and total dependence on government is what you are looking for as an easy way out.

[Jay Bee]

Food pantries. When I told my wife that we got the money, the first thing she said was “we’re not keeping it, right?”

Did you remind her that you haven’t worked in years?

I do think there are a lot of people who don’t NEED the money (now, at least) who are receiving it... but I do recognize there’s not a great way to differentiate when you’re dealing with the situation at hand.

Ahhh well

[Archies Bat]

This is an absolutely horrible idea brought forth from some of the original idiots on the left. Let's mortgage the entire future for a quick fix now. WTF, why would anyone want to work? The soundest and quickest way to restore the economy is to get people working again, not to make them totally dependent on Uncle Sugar. Unless, of course, Socialism and total dependence on government is what you are looking for as an easy way out.

During the 21st century, mortgaging the future has never proven to be an issue to whomever is in charge at the time.

[tower912]

This is an absolutely horrible idea brought forth from some of the original idiots on the left. Let's mortgage the entire future for a quick fix now. WTF, why would anyone want to work? The soundest and quickest way to restore the economy is to get people working again, not to make them totally dependent on Uncle Sugar. Unless, of course, Socialism and total dependence on government is what you are looking for as an easy way out.

Worthless canard from the crotchety, socialism fearing, conspiracy loving right. It has become pretty obvious over the last month that the overwhelming number of people WANT to work.   It is their normal

[The Hippie Satan of Hyperbole]

This is an absolutely horrible idea brought forth from some of the original idiots on the left. Let's mortgage the entire future for a quick fix now. WTF, why would anyone want to work? The soundest and quickest way to restore the economy is to get people working again, not to make them totally dependent on Uncle Sugar. Unless, of course, Socialism and total dependence on government is what you are looking for as an easy way out.

1. It's very clear that people *want* to work.  But can't.  Because they lost their job.

2. I'm sure you were equally concerned about "mortgaging the future" when tax cuts were approved.

[MUBurrow]

The shotgun blast nature of this has been so frustrating.  IMHO the three prong approach should have directed funding to (1) keep all payrolls at the prior 12 mo averages for all employees making under $100k, (2) support all states to make it easier to get unemployment and boost those benefits for people who are laid off or furloughed despite the substantial covering of payrolls and (3) testing and medical point of care expansion to actually beat the damn virus.

Help offset the costs (remember when that mattered? how quaint) with a one time, significant rate hike on the corporate income tax rate, pass through income for high earners, capital gains and dividends.  None of the policy rationales for those rates being low apply in the middle of a pandemic if the government is covering payrolls.  Its like a massive version of when we bailed out the banks - you'll take this money and like it, because it means you can go back to making money when this passes.

Of course would never happen, because there's unacceptable things there for both parties (too many benefits going to business vs individuals for dems, tax hike for gop).  But all this value projecting about the rent being too damn high, and trading off who gets what has lead to an underfunded nonsense patchwork that isn't doing enough to matter.

[The Hippie Satan of Hyperbole]

The shotgun blast nature of this has been so frustrating.  IMHO the three prong approach should have directed funding to (1) keep all payrolls at the prior 12 mo averages for all employees making under $100k, (2) support all states to make it easier to get unemployment and boost those benefits for people who are laid off or furloughed despite the substantial covering of payrolls and (3) testing and medical point of care expansion to actually beat the damn virus.

Help offset the costs (remember when that mattered? how quaint) with a one time, significant rate hike on the corporate income tax rate, pass through income for high earners, capital gains and dividends.  None of the policy rationales for those rates being low apply in the middle of a pandemic if the government is covering payrolls.  Its like a massive version of when we bailed out the banks - you'll take this money and like it, because it means you can go back to making money when this passes.

Of course would never happen, because there's unacceptable things there for both parties (too many benefits going to business vs individuals for dems, tax hike for gop).  But all this value projecting about the rent being too damn high, and trading off who gets what has lead to an underfunded nonsense patchwork that isn't doing enough to matter.

Yes. This is a very good summary of the problem.

[tower912]

And a number of good ideas that score no political points.   

[jesmu84]

Less about handouts in my mind so much as not putting money in the hands of people like me, Jaybee, etc that don't need it.

I've seen stories that people who don't "need" their stimulus money are spending it, donating it or just straight up giving the cash to someone who does need it.

That is always an option. Especially in a situation where the money needs to come out quickly, I'd rather everyone get it and then go from there.