In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.
Another Two Trillion in Debt was passed By Democrats ! Yippee for socialism
And this is just the beginning for The Democrats to rob the taxpayers and steal our republic with Malfeasance to be ready for The Great Reset with The United Nations. They are going to tax anything that moves before it's over.
serf
Democratic leaders like Chuck Schumer, the legislative leader in the Senate, said the vote was a “giant first step” toward passing comprehensive coronavirus aid. Budget Chairman Bernie Sanders added that adoption means help is on the way to those suffering from an “economic collapse."
"Tonight we can say to them we understand the pain that they are experiencing and we are going to do something about it," Sanders said.
Comments
Not their fault! Republicans led them astray just to make them look bad. GOP's fault for not stopping them.
and just how do you stop a majority vote, when they got the last two senate seats game was over, they will get anything they want now, and it is all on dems shoulders as it only take one to vote no to keep things from passing but they are are in lockstep along party lines instead of putting the good of people/country first........
I tried that excuse once in junior high school, blaming it on my best friend Joe.
My dad used it as a "teaching moment" twice over. Once because I'd done it, and again because I threw my friend under the bus instead of taking responsibility.
Wait for the inflation and devaluation of the dollar per Larry Summers. See the last line which is the only somewhat good news about the pacakge.
Summers, the former Treasury secretary for BILL CLINTON and top economic adviser to BARACK OBAMA, puts down on paper what many liberal wonks have been whispering about for weeks: that President JOE BIDEN’S stimulus bill may be too big, that its overall cost could sacrifice other progressive priorities and that it could harm the economy next year, when Democrats will be defending narrow congressional majorities in the midterms.
For weeks the key economic talking point from the White House has been that the risk of going too small is worse than the risk of going too big. Now comes Summers who says … that might not be true. “[M]uch of the policy discussion has not fully reckoned with the magnitude of what is being debated,” he wrote.
Summers cops to the fact that the 2009 stimulus, which he helped craft, wasn’t big enough to fill the hole in the economy back then. The shortfall was $80 billion a month and the Obama stimulus only filled about half of that.
But in 2021, after the December package of $900 billion, the economy will face a $20-$50 billion-a-month hole. The Biden plan would fill it with some $150 billion a month.
A message from the American Beverage Association:
At America’s beverage companies our plastic bottles are made to be remade. We’re carefully designing them to be 100% recyclable, including the caps—so every bottle can become a new one. That means less plastic waste in our environment. Please help us get Every Bottle Back. EveryBottleBack.org
Why does this matter? Two big reasons:
1) A $1.9 trillion stimulus could overheat the economy. Summers warns of “inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability.” He notes that these unintended consequences are barely being debated or acknowledged by the White House and Congress, adding that “[s]timulus measures of the magnitude contemplated are steps into the unknown.”
2) The stimulus could wreck Biden’s larger agenda — the one progressives really care about. There are no other long-term structural reforms in the Biden Covid relief package, which is designed only to address the immediate needs of battling the pandemic and repairing the economy.
Summers, who is a boogeyman to progressives, is now in the unusual role of warning that the passage of Biden’s plan could jeopardize the left’s priorities: “If the stimulus proposal is enacted, Congress will have committed 15 percent of GDP with essentially no increase in public investment to address” things like infrastructure, preschool education and renewable energy.
“After resolving the coronavirus crisis, how will political and economic space be found for the public investments that should be the nation’s highest priority?” he added.
Summers isn’t the only economist to raise an alarm about the risks of a too-large stimulus. Buried in a mostly rosy analysis from Brookings this week was a similar warning about the risks to the economy.
A few Democrats pointedly noted to us this week that it would be a crushing irony for their party to over-learn the lessons of 2009 with a stimulus package so big that it crowds out major progressive priorities — and leads to an economic downturn before the midterms.
Don't worry about it.. America's dead anyway... give everybody $5,000 each.. might as well go out with a bang..
Well if you got kids at home 5000.00 dollars now and with other tax deductions giveaways it should be around 10,000 dollars in total for this year for a FAMILY. Not bad for buying votes in Georgia and The Democrats have won.
Lastly Trump did it for the rich in the last administration so if your in the middle you have been sold out coming and going. America is a listing ship soon to sink to the bottom.
serf
Maybe organize a riot. It worked so well Jan. 6th it's worth another try.
Sealing any future elections for the democrat party.
By the time they forgive the student loans it is a shoe in.
What's it going to cost us if we don't spend the money now?
Its all monopoly money at this point anyways.
Yepp..