The Biden Action Plan to Save the Economy will cost Trillions of Dollars
Don't look for any good coming next year for the politicos with sound government with all the socialistic giveaways by the Government that are planned. He thinks is a g-d if he can move the heavens and earth! But with The Democrats anything goes and not impossible. He will spend us all into sheer destruction of the monetary system. Just watch!
serf
https://joebiden.com/the-biden-emergency-action-plan-to-save-the-economy/#
The Biden Emergency Action Plan to Save the Economy
- Keep as many people on the payroll as possible and make Americans whole for lost hours and wages. Joe Biden would expedite aid to businesses who commit to helping workers stay employed through the crisis, so they can get back to work when conditions allow. He would maximize work-sharing, a form of “employment insurance” we championed in the Obama-Biden administration to keep more workers on the job. And for those who do get laid off and who’s industries are out of work, the congressional bill boosts unemployment benefits — Biden would cut through the red tape to deliver them without delay, and extend them as long as public health and economic conditions call for it.
- Act decisively to keep small businesses in business. Included in the legislation before Congress is $377 billion for small businesses. This money will guarantee immediate loans that banks provide to small businesses to make payroll, pay rent and other costs, and keep their doors open. But there is a real risk it won’t get out fast enough to make a difference. So Joe Biden would take unprecedented measures to get it done Where the government is guaranteeing loans, banks have no commercial excuse for not making them. So he would call in bank CEOs and tell them that in this time of crisis, it is a matter of the utmost national interest to get these loans out the door quickly and efficiently. And if they don’t, he would seek authority similar to the Defense Production Act to make sure their lending platforms are giving priority to small business. He would also make clear that $377 billion is not a cap — we will spend whatever it takes.
- Enforce real conditions and oversight on big corporations. Joe Biden would tell large companies seeking taxpayer assistance that they need to make hard commitments that the assistance will go toward their workers, not toward enriching their CEOs or shareholders. He would hold the strictest line on bans on buybacks and raises for executives. He would impose the highest scrutiny on payroll plans. And he would impose strict oversight and enforcement of these conditions by appointing strong regulators focused on corporate accountability and worker protections in the event of bankruptcy. Joe Biden will not let companies off the hook, the way the White House and Senate originally proposed.
THIRD, bring the leaders of Congress together to build the next deal. This was a good start. But more must be done. Congress approved direct cash relief — $1,200 per person to help working families through this crisis. But it’s a one-off. And Congress didn’t include direct student loan forgiveness, or Social Security boosts for seniors, or cost-free treatment for COVID-19, full paid sick leave for our workers, or sufficient fiscal relief to states. Joe Biden would:
- Provide for additional checks to families should conditions require.
- Forgive a minimum of $10,000 per person of federal student loans, as proposed by Senator Warren and colleagues. Young people and other student debt holders bore the brunt of the last crisis. It shouldn’t happen again.
- Increase monthly Social Security checks by $200/month, as proposed by Senator Wyden and colleagues. Seniors and people with disabilities are uniquely at risk right now.
- Provide emergency paid sick leave to everyone who needs it, with no one left out. This should include workers in all industries and all sectors, regardless of company size, and including gig workers, domestic workers, contractors, and the self-employed.
- Ensure that no one has to pay a dollar out of pocket for COVID-19 testing, treatment, or an eventual vaccine
- Provide all necessary fiscal relief to states so their workers and communities get the help they need, especially those on the front lines like New York.
The bottom line is that Congress will have to keep acting. This is not the last bill. There will be more. And Joe Biden would do whatever it takes, spend whatever it takes, move heaven and earth to help all the people harmed by this crisis.
Comments
What would not doing anything cost, though?
Well we are way pass that point for doing anything that matters for the train wreck is already in the process & happening . I would get ready for the aftermath and try to pick up the pieces if you can. The two party system is why and the next system will be a socialistic dictatorship under the guise of a peace maker.
serf
send china the BILL......
The only way that would happen is a war with China & Iran and could happen sooner than later.
serf
There is a reason we have a two party system that can provide checks and balances rather than your dictatorship. If we have a Republican senate they can stonewall all of those proposals just like they have been doing with the proposals that Nancy has put forth for the last 3 months. Joe can't spend /borrow any money unless it is approved by both houses.
Not saying the Republicans are not complicit in raising the debt but at least some of them have common sense and no desire to accommodate the Biden administration. Bob
He is demonstrating why he is incapable of fulfilling the functions of the office.
The answer is to fully cut off Federal aid so that local and State Economies are forced to re-open.
Obviously he believes that we the citizens of this country are incapable of making decisions for ourselves, and that the individual state governments are incompetent as to how they should work with their unique populations.
The dumbest thing Trump did with respect to this virus was to open the door to Federal intervention via stimulus.
Brad Steele
All eyes are on Georgia for a reason and if The Democrats can get the vote out and use The Nuclear option in only a majority vote win for bills Then the V.P. can break the tie.So even if they get one more senator in Georgia it's lights out for The Republicans.
Oh yes after 1929 stock market crash even though 100's of Thousands saw all their assets in paper money and stocks lost,FDR still had all the gold confiscated to replenish the Federal coffers. We don't have that commidity to steal this time around with our Fiat currency now.
serf
The dems need to win both Georgia seats to achieve a 50-50 split. Then our new V.P. can be the tie breaker. If that happens we are in Deep do-do for at least the next two years. Bob
wait till the the free loaders cost us when they dont get the free snit they think thier going to get and the riot
China. They already started with the bio attack.
Beijing biden and his fellow commie rats will assist them any way they can.
The Biden plan reflects the DEMOCRAT plan for America: Replace our constitutional republic with centralized Marxism.
As such: All debt is forgiven.
It's a NWO rebrand of socialism with pseudo capitalism with A.I. factories running with 5G total awareness technology to keep the peace with the rule of law.
Of course new digital dollars only along with the 2nd amendment being abridged by our law makers with multi-nation corporations lobbyists and super pac's to buy all the votes with feel good MSM propaganda for the new paradigm.
Oh I left out the U.N.2030 agenda and the climate change mandates to preserve the planet,
serf
https://foreignpolicy.com/2020/03/31/5g-cellular-huawei-china-networks-national-security-power-map/
5G technology is set to revolutionize the internet as we know it. It will increase network speeds, enable the Internet of Things (IoT) by bringing billions of more devices online, and advance new technologies such as artificial intelligence (AI) and machine learning. Despite this transformative impact, the majority of businesses still do not know what 5G is and what it could do.
The “race to 5G” has been widely publicized (and state of development wildly embellished), but the fundamental issues and realities underpinning the transition to 5G technology are still widely misunderstood. Building 5G networks requires extensive global coordination among governments, private companies, and regulatory bodies. It is an ongoing process that will unfold over the next decade at different paces in different countries. As this process occurs, understanding the stages of 5G development in different markets and accurately timing investments will be crucial for businesses. 5G technology will bring broad benefits and widespread risks globally, but there will likely not be one clear-cut winner. Despite this, intense geopolitical competition surrounding 5G is developing, and the results of this competition will have long-lasting and far-reaching effects.