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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
1622 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
2464 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
8958 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 TutHillTiger
Mississippi Alabama
Member since Sep 2010
43700 posts
Posted on 4/10/20 at 8:14 pm to
Screw the banks for once! In
Posted by UpToPar
Baton Rouge
Member since Sep 2008
22151 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 Hiyoka
Tokyo
Member since Oct 2008
1622 posts
Posted on 4/10/20 at 8:15 pm to
I’m talking about current loans...lenders have already lent the money so it’s just about not wasting money just to tread water and run up trillions in federal debt for no reason.

Just press pause
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
64091 posts
Posted on 4/10/20 at 8:17 pm to
You have to be 18 years old.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 4/10/20 at 8:17 pm to
quote:

I’m talking about current loans...lenders have already lent the money so it’s just about not wasting money


Where do you think these lenders got money?
Posted by Zappas Stache
Utility Muffin Research Kitchen
Member since Apr 2009
38649 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 LSURussian
Member since Feb 2005
126957 posts
Posted on 4/10/20 at 8:18 pm to
Have you given this a lot of thought??
Posted by Crowknowsbest
Member since May 2012
25872 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
36506 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 Bestbank Tiger
Premium Member
Member since Jan 2005
70864 posts
Posted on 4/10/20 at 8:44 pm to
quote:

You sign the line on a mortgage, car and loans in general.....what you’re looking for is Socialism brudda.



He didn't say to hit Erase.

With pause, you just pick up where you left off and pay back the same amount as you originally agreed.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 4/10/20 at 8:54 pm to
quote:

He didn't say to hit Erase. With pause, you just pick up where you left off and pay back the same amount as you originally agreed.


Okay. I’ll ignore Freddie, Fannie, and Gennie.

What happens to the other $4T in consumer debt?
Posted by Thib-a-doe Tiger
Member since Nov 2012
35346 posts
Posted on 4/10/20 at 8:56 pm to
quote:

Screw the banks for once! In




Doubt you’ll be saying that when your debit card declines because the bank doesn’t have the cash to cover it
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 4/10/20 at 8:59 pm to
quote:

Doubt you’ll be saying that when your debit card declines because the bank doesn’t have the cash to cover it


Shhhhh. They haven’t figured it out yet.
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
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