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

Posted on 4/10/20 at 8:11 pm
Posted by Hiyoka
Tokyo
Member since Oct 2008
1629 posts
Posted on 4/10/20 at 8:11 pm
No mortgage payments, car payments, loan payments in general, the only things we need to actually buy that have a cost of production are things like food, medicine, certain services so just have people pay that or give subsidies to support actual essential costs of living.

All of these trillions of dollars of stimulus will just evaporate and be wasted or exploited by big businesses and banks etc...
Posted by X82ndTiger
USA
Member since Sep 2004
2505 posts
Posted on 4/10/20 at 8:13 pm to
Stop thinking logically. That’s not how the world works.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 4/10/20 at 8:13 pm to
Uhhhhhh. When the lenders run out of cash, what happens?
Posted by Kingpenm3
Xanadu
Member since Aug 2011
8985 posts
Posted on 4/10/20 at 8:13 pm to
"Largest transfer of wealth in the history of the world" Thomas Massie

Check out Ron Paul's podcast with Massie.
Posted by UpToPar
Baton Rouge
Member since Sep 2008
22215 posts
Posted on 4/10/20 at 8:14 pm to
Because then the mortgage companies and finance companies go out of business.
Posted by 50407Tiger
Member since Oct 2019
1227 posts
Posted on 4/10/20 at 8:16 pm to
You sign the line on a mortgage, car and loans in general.....what you’re looking for is Socialism brudda.
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
64652 posts
Posted on 4/10/20 at 8:17 pm to
You have to be 18 years old.
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
38906 posts
Posted on 4/10/20 at 8:18 pm to
quote:

No mortgage payments, car payments, loan payments in general,


That has happened. But many people....the most vunerable, don't have mortgage or car payments. But I agree with you that big business will steal much of this stimulus money, especially since the orange one fired the oversight inspector general.
Posted by Crowknowsbest
Member since May 2012
25901 posts
Posted on 4/10/20 at 8:30 pm to
quote:

No mortgage payments, car payments, loan payments in general,



Remember what happened the last time people stopped making mortgage payments?
Posted by wadewilson
Member since Sep 2009
36780 posts
Posted on 4/10/20 at 8:41 pm to
quote:

All of these trillions of dollars of stimulus will just evaporate and be wasted or exploited by big businesses and banks etc...


What are businesses actually getting in the stimulus?
Posted by Bristol Dawg
God's Country
Member since Jul 2016
2934 posts
Posted on 4/10/20 at 9:24 pm to
Agreed. Why can’t we simply take a two month pause.
Posted by SEClint
New Orleans, LA/Portland, OR
Member since Nov 2006
48769 posts
Posted on 4/10/20 at 9:28 pm to
quote:

No mortgage payments, car payments, loan payments in general, 


..not a single luxury..
This post was edited on 4/10/20 at 9:28 pm
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 4/10/20 at 9:39 pm to
quote:

No mortgage payments, car payments, loan payments in general,



No State shall ... pass any ... Law impairing the Obligation of Contracts.

The Constitution.
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
12843 posts
Posted on 4/10/20 at 10:24 pm to
quote:

No mortgage payments, car payments,


Your home and car have no value to you? So, you won’t mind just giving them to me.
Posted by reb13
Member since May 2010
10905 posts
Posted on 4/10/20 at 10:33 pm to
quote:

No mortgage payments, car payments, loan payments in general,


It’s effectively the same thing. The issue with stopping everything is there are too many things to stop. Think about all the monthly payments you have (e.g., Spotify, cable, etc.) that wouldn’t be covered. This way everyone gets their pay or close to it to continue their lifestyle until it is over.
Posted by AUCE05
Member since Dec 2009
42584 posts
Posted on 4/10/20 at 10:34 pm to
Posted by Penrod
Member since Jan 2011
40222 posts
Posted on 4/10/20 at 10:41 pm to
Because some things can’t pause. What is a farmer to do with his crop? What happens when a faucet starts leaking? A house needs painting? Hospitals, utilities, entertainment, oil production, none of these can stop.
Posted by oilattorney4lsu
Baton Rouge
Member since Jul 2009
2068 posts
Posted on 4/10/20 at 10:44 pm to
So instead of the government bearing the burden to save people financially (which they have the ability to do), you’re going to bankrupt private financial institutions and lenders, landlords, property owners, credit card companies, etc by shifting the burden to them?

That sounds like a brilliant idea! You should quickly call the news station with your ideas! How are you not a world leader?? You sir, should run for office and save us from these Ivy League economist with their stupid educations and PhD’s who are advising the government. They don’t have your level of economic understanding.
Posted by LSUnivFan
Allen, Texas
Member since Jan 2004
306 posts
Posted on 4/10/20 at 11:28 pm to
IIRC, wasn’t this a plot device in one of Tom Clancy books? ‘The Bear and the Dragon’??

Idea! Let’s stop the clock on March 14, and allow Hiyoka fall into the role of POTUS!

Sorry/not sorry for the spoilers.

Posted by Steadyhands
Slightly above I-10
Member since May 2016
6849 posts
Posted on 4/10/20 at 11:53 pm to
They did forbear my student loan payments until November. They're not super high interest to begin with, but they all show as zero interest now and I'm going to drop some serious payments as much as I can during this time.
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