A thousand bucks. Two thousand bucks. What research materials I could buy with that! Obama gave everyone on Social Security $300. It's a standard Roman Emperor move to pacify the masses. I think by the time it gets here, much of what's available to buy will be part of a fire sale. Thinking ahead, clothing manufacturing may eventually suffer a lack of inventory for a while, so I'd get some clothes and a couple pairs of quality shoes if I were you. Trust me on the shoes thing. It really sucks to need a new pair and not be able to get them. When things do "get back to normal", the hangover from this is going to be intense. Both economic and freedom-wise. Govt will take advantage of this crisis, to the nth degree. It's like prison rules - you get a favor, you give a favor. Probably now is a good time to stock up on ammunition as well.
Washington – President Donald Trump wants to send Americans a check for about $1,000 to help them cope with the financial stresses of the coronavirus crisis, but Sen. Chris Murphy is pushing for double that.
“No doubt this would be expensive. But, I just think the moment is serious enough that we need to prevent an economic collapse,” Murphy said. ” And I think that the best way to prevent an economic collapse is not to bail out industries, but to put cash directly into the economy through families.”
The White House and Congress on Wednesday continued on somewhat divergent paths to spend as much as an additional trillion dollars to combat the coronavirus pandemic. But there was bipartisan agreement that the federal government must spend freely to try to blunt the impact of COVID-19.
The White House outlined a plan that would bail out airlines, hotels, casinos and small-to-medium-sized businesses. The package, to cost more than $850 billion, would provide $50 billion for the hard-hit airline industry and $250 billion for small business support.
In a Wednesday press conference with the president and other administration officials, Treasury Secretary Steven Mnuchin said the package would also include sending direct cash payments to Americans in the form of checks for about $1,000. Mnuchin said there would probably be a cutoff for the wealthy, saying millionaires don’t need the money.
“We’re going big,” Trump said of the overall package, which would require congressional approval. “I think we want to get it done. And have a big infusion as opposed to going through little meetings every every couple of days. We don’t want to do it that way. We want to go big.”
Democrats are pushing their own massive bill and many of their provisions don’t overlap with the White House’s proposal.
Senate Majority Leader Chuck Schumer, D-N.Y., and other Democrats support a package of “at least” $750 billion that would include billions in additional emergency aid for hospitals and provide more money for expanded unemployment insurance, more help to small businesses, broad availability of child care, especially for first responders, and food assistance for seniors.
Schumer’s bill would also halt evictions and foreclosures on homes and businesses whose mortgages are backed by the federal government.
Murphy said he’s glad the president seems to have dropped his insistence that a tax break be included in the third coronavirus package. But he objected to plans to bail out the airlines and other industries, especially if there are no strings attached to the money.
“I don’t want the airlines to lay off flight attendants and ground crew and then pocket the money,” Murphy said.
Sen. Richard Blumenthal, D-Conn., said any bailout of the airline industry must include the commitment to better service.
“No blank check industry bailouts,” Blumenthal tweeted. “To receive taxpayer money, airlines must stop fleecing flyers with fees & shortchanging safety. Consumers & workers need protection.”
Murphy said he is working with Sens. Cory Booker, D-N.J., Michael Bennet, D-Co., and Sherrod Brown, D-Ohio, on his plans to send every man, woman and child a check for $2,000, with a cutoff for the wealthy, which he said might be individuals who earn $100,000 or more a year and families whose annual income exceeds $180,000...
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