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re: Instead of trillions of dollars of “stimulus” why not just press pause

Posted on 4/10/20 at 10:18 pm to
Posted by Hiyoka
Tokyo
Member since Oct 2008
1629 posts
Posted on 4/10/20 at 10:18 pm to
quote:

And when you want to withdraw $2,000 from your savings account to cover monthly expenses that aren’t debt service? What happens?


Umm, you withdraw $2,000 to pay for food or other services than aren't debt service. If you don't have $2K to pay for food then that's where government assistance can help out
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 4/10/20 at 10:24 pm to
quote:

Umm, you withdraw $2,000 to pay for food or other services than aren't debt service. If you don't have $2K to pay for food then that's where government assistance can help out


But the bank isn’t receiving revenue or deposits. They don’t have your money.
This post was edited on 4/10/20 at 10:25 pm
Posted by Crowknowsbest
Member since May 2012
25887 posts
Posted on 4/11/20 at 11:41 am to
quote:

Umm, you withdraw $2,000 to pay for food or other services than aren't debt service. If you don't have $2K to pay for food then that's where government assistance can help out



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