Democratic senators propose $2,000 monthly payments

Democratic senators propose $2,000 monthly payments

Sens. Kamala Harris, Bernie Sanders and Ed Markey introduced legislation to provide $2,000 in monthly payments during, and in the aftermath of, the COVID-19 pandemic. Under the bill, a $2,000 monthly payment would also be given per child, up to three children. The legislation would be retroactive to March. The bill would also prohibit the monthly payments from being seized by debt collectors.

Chris
Chris
Scorpio
Scorpio 2 weeks

Haha money printer go brrrr

not the 1%
not the 1% 2 weeks

headline... US senators admit USD close to worthless.....

The Oracle8191
The Oracle8191 2 weeks

I wonder where they think the cash is going to come from to spend as much as it's going to cost. I'd rather them suspend payroll and income taxes for the rest of the year.

Kyle G
Kyle G 2 weeks

Do they realize how many trillions of dollars this would take?

IvoryDove
IvoryDove 2 weeks

Ever notice that politicians who call for a minimum income never mention a minimum productivity?

themdg
themdg 2 weeks

Dems: "What's bigger than 'Trillions'? Anyone know? Don't Google it... Let's just do this, and see."

Occam’s lazer
Occam’s lazer 2 weeks

Sure why not at this point A C C E L E R A T I O N

Seekster
Seekster 2 weeks

NO! JUST NO!!!

fish
fish 2 weeks

Dependency

Patrick
Patrick 2 weeks

You cannot fix stupid.

Dust Phoxner
Dust Phoxner 2 weeks

One time payment is sufficient enough now its up to local politicians to open their economy. If you're out of work unemployment is adding 600 to what you'd receive. I believe this is for 4 months no need for more stimulud checks and that added 600 should push you to getting more money then if you were working. Don't be greedy.

James Villalobos
James Villalobos 2 weeks

So they're wanting to add about 8 trillion of printed money to the economy every year. Yeah that won't make us end up as Venezuela lite. /s

Asura Bomb
Asura Bomb 2 weeks

You cant just do that and keep the economy closed. We're going to keep driving the dollar into worthlessness.

FoodNotBombs
FoodNotBombs 2 weeks

All the right wing folks wouldn't care at all if this money was given to Sally Mae and Fannie and Freddie. But give it to regular people and now its it's a problem.

Jon
Jon 2 weeks

For most Anericans healthcare is tied to a job and now they have neither. Monthly payments is a no brainer.

James
James 2 weeks

Assuming all of the 330 million US citizens all receive $2,000, it would cost around $660 billion per month. That’s the upper estimate per month, as the cnn article points out there are restrictions. (https://www.cnn.com/2020/05/08/politics/bernie-sanders-covid-payments-kamala-harris/index.html?) “The monthly check would be available to every person with an annual income less than $120,000 dollars during the pandemic and for three months after, according to a one-sheet provided by Harris' senate office. It's also retroactive to March.” Assuming the pandemic ends next month and this bill also retroactively covers April, that’s 6 months of payments expected to be given out. Taking that earlier number, and assuming that only around 2/3 of US citizens will be eligible, that comes out to around $2.7 Trillion dollars. TL;RD: $3 Trillion Dollars for a starter level UBI (that’s not that universal).

Jarno
Jarno 2 weeks

Suddenly you are conserned about the debt? Best evonomy ever via debt, then s*** hits the fan, you bail out big corporations, give pennies to the regular folks... Now the need more.

ronnie massart
ronnie massart 2 weeks

yeah,your Grandchildren can pay for it later....or their Children

Daniel McEwen
Daniel McEwen 2 weeks

This is a control issue. No doubt about it. We're already so deeply in debt that our taxes are going to be outrageous. What happens with this? Wages going to government to pay off the debt? No, sorry, open up the economy and get rid of those Democratic Commies.

Sloth
Sloth 2 weeks

So there goes money as a stored value of your labor... Pretty sure that concept left a long time ago though. Who's with me on building a crypto currency based on calories? Of course we'd need an entire economy that allows you to get paid based on the work you put into it... Meh... Just print me the money and let me stay inside and de humanize myself. Too much work.

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