COVID Relief Package

#705
#705
allvol123 said:
The inflation is going to be insane.
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This , This , This .. sooner or later , there’s going to be wailing and crying about “ what the politicians did to us “ . Everybody that is sitting around with their hand out begging for money right now will be b!tching and crying about how expensive is is to live here when the piper comes to collect his dues .
 
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#706
#706
TheDeeble said:
Before I used to think they didn't care. Now it seems like they want to hurt the dollar.
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Too bad we can't see how and when politicians dabble in the markets. I'll be there are some big trades going on right now - and currency would be on the table for them.
 
#708
#708
People aren't paying attention to how much of this bill is going to prop up the ACA as well. Billions to provide subsidies for ACA coverage, the removal of income limits, and a bigger marketing budget. Never let a crisis go to waste, the people who think this bill was only about $1400 checks and unemployment need their heads examined.
 
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#709
#709
0nelilreb said:
This , This , This .. sooner or later , there’s going to be wailing and crying about “ what the politicians did to us “ . Everybody that is sitting around with their hand out begging for money right now will be b!tching and crying about how expensive is is to live here when the piper comes to collect his dues .
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I'm twisting that one a bit. I'm buying a new bagpipe chanter with my free money before the price increases (it's made in Australia).
 
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#710
#710
0nelilreb said:
This , This , This .. sooner or later , there’s going to be wailing and crying about “ what the politicians did to us “ . Everybody that is sitting around with their hand out begging for money right now will be b!tching and crying about how expensive is is to live here when the piper comes to collect his dues .
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It is in overdrive in raw materials world already.
 
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#715
#715
BigOrangeTrain said:
EL believes this relief package is benefiting Americans. Yet hardly any of it is going to actual COVID relief.
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How about a greasy pork sandwich

aDWzqgK_700b.jpg
 
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#718
#718
Great job Joe!

Beware the COVID-19 Debt Hangover

President Joe Biden's proposed $1.9 trillion relief package would increase economic growth by 0.6 percent in 2021, according to analyses by the Penn Wharton Budget Model (PWBM). After that, though, it would start to slow the economy, decreasing GDP by 0.2 percent in 2022 and by 0.3 percent as late as 2040, showing lingering negative effects after the initial spending.

"CBO estimates that the legislation will boost the level of real (inflation-adjusted) gross domestic product (GDP) by 4.7 percent in 2020 and 3.1 percent in 2021," according to a September 2020 report forecasting the impact of pandemic-related federal spending. "From fiscal year 2020 through 2023, for every dollar that it adds to the deficit, the legislation is projected to increase GDP by about 58 cents. In the longer term, the legislation will reduce the level of real GDP, CBO estimates."
 
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#719
#719
volinbham said:
Great job Joe!

Beware the COVID-19 Debt Hangover

President Joe Biden's proposed $1.9 trillion relief package would increase economic growth by 0.6 percent in 2021, according to analyses by the Penn Wharton Budget Model (PWBM). After that, though, it would start to slow the economy, decreasing GDP by 0.2 percent in 2022 and by 0.3 percent as late as 2040, showing lingering negative effects after the initial spending.

"CBO estimates that the legislation will boost the level of real (inflation-adjusted) gross domestic product (GDP) by 4.7 percent in 2020 and 3.1 percent in 2021," according to a September 2020 report forecasting the impact of pandemic-related federal spending. "From fiscal year 2020 through 2023, for every dollar that it adds to the deficit, the legislation is projected to increase GDP by about 58 cents. In the longer term, the legislation will reduce the level of real GDP, CBO estimates."
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Joe is killing it!
 
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#722
#722
volinbham said:
Great job Joe!

Beware the COVID-19 Debt Hangover

President Joe Biden's proposed $1.9 trillion relief package would increase economic growth by 0.6 percent in 2021, according to analyses by the Penn Wharton Budget Model (PWBM). After that, though, it would start to slow the economy, decreasing GDP by 0.2 percent in 2022 and by 0.3 percent as late as 2040, showing lingering negative effects after the initial spending.

"CBO estimates that the legislation will boost the level of real (inflation-adjusted) gross domestic product (GDP) by 4.7 percent in 2020 and 3.1 percent in 2021," according to a September 2020 report forecasting the impact of pandemic-related federal spending. "From fiscal year 2020 through 2023, for every dollar that it adds to the deficit, the legislation is projected to increase GDP by about 58 cents. In the longer term, the legislation will reduce the level of real GDP, CBO estimates."
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It’s almost like Monopoly Money spending fuel for economic growth isn’t a sustainable strategy! 😳
 
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