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Idjits, one and all................750 BILLION.......................maybe these buttwipes should focus on reality and not TDS...........
 

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Ancient Gaseous Emanation
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"Mankiw wrote in a blog post last week that many Americans don’t have any savings, and it’s hard to identify “the truly needy,” so blanket handouts make sense in the current crisis. “Sending every American a $1000 check asap would be a good start,” he wrote."
 

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Aim true !
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Discussion Starter #4
With modern tech. You would think they could find out who has savings. This idea is not good for the govt. budget IMO.
 

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Grand Imperial Poobah
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IMHO, they would be better off to suspend everyone's mortgage interest and payments for the next few months. That would help more.
 

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IMHO, they would be better off to suspend everyone's mortgage interest and payments for the next few months. That would help more.
Agreed! But, I am afraid that it will never happens, the mortgage industry would fight this proposal tooth and nail, they do not want their profits disappearing. Let send a $1,000 check to every one, after all it is only government money ( but the politicians forget that it is our money!)
 

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:LoL:

China doesn't have the resources to finance the U.S. for 20 minutes!

--Wag--
 

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Idjits, one and all................750 BILLION.......................maybe these buttwipes should focus on reality and not TDS...........
You should be aware that the White House has expressed qualified support and Trump has discussed it with Mnuchin.
 

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So is everyone getting this money?
I would think that you have to have a job and pay taxes to get it.
If you are unemployed, living on the street and or already on the government dole, no way you are already getting a handout.
Are illegal aliens going to get it also? You know they will be screaming it's racist not to give it to the poor illegals.
This is not a good idea. Find another way to boost the economy. Zero interest loans if you need one but you have to pay it back sounds better.
 

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IMHO, they would be better off to suspend everyone's mortgage interest and payments for the next few months. That would help more.
Agreed! But, I am afraid that it will never happens, the mortgage industry would fight this proposal tooth and nail, they do not want their profits disappearing.
Zero interest loans if you need one but you have to pay it back sounds better.
Interest rates are at/near zero for mortgage lenders, plus $700 billion in securities buybacks.

https://www.foxbusiness.com/markets/fed-coronavirus-interest-rates-emergency-action

It seems like the government is enabling lenders to suspend payment requirements while giving the lenders a chance to claim goodwill for doing so without being told.
 
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