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This stimulus BS is just BS. Firstly wtf is $900 or $1200 going to do for anybody, really?

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That’s pretty smug. If you’re a waiter making $25k a year, it could pay your rent for a few months while the restaurant you work at is shut down. If you’re making $300k, probably not much. But that’s kind of the point isn’t it?

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Secondly it's going out to people in the majority who don't pay any income taxes.

The fact of my second point is in the end where will this money be drawn from? Will they scale HUD back?

Nope,not hardly.

Will any of the entitlement programs be scaled back.

Nope again.

Medicade entitlements?

Nope...

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I’m having trouble wrapping my head around what, exactly, some of you view the purpose of the stimulus to be. Because you seem to think it was designed as some sort of thank you gift for taxpayers, which is absurd.

There are legitimate arguments to be made about the country’s response to COVID. We caused unbelievable amounts of economic damage that could have, in my opinion, been avoided.

That being said, Congress didn’t dole out the stimulus in an effort to shut the national economy down. They doled it out because the national economy was already shut down. At that point, there are literally no good options.

If the 164 million people in households making less than $75k/year stop spending money because of layoffs, furloughs, or uncertainty.. there are no $300k/year households. The Fed is projecting a 50+% drop in Q2 GDP. I think some of you are severely understating just how bad this economic hit has been. Maybe that means the stimulus is working. (I hope.)

So yeah, it sucks and nobody knows how we will pay for it beyond printing more money. (PS, wait until you see what this downturn does to tax revenues this year..) But if the alternative is a “greater” depression, is the decision really that hard?