COVID Relief Package

[Boston Vol]

Wanna complain about the size of this plan, take it up with this guy

Was the $3.1 trillion that he spent on covid stimulus” not enough for you?

 

[AM64]

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."

Since CBO never gets it right; bet that they got the longer term part right and the short term way too rosy - that none of this stimulus will work out for the country, but NYC, illegal immigration, unicorns, and rainbows will have a short term boost.

 

[volfanhill]

Since CBO never gets it right; bet that they got the longer term part right and the short term way too rosy - that none of this stimulus will work out for the country, but NYC, illegal immigration, unicorns, and rainbows will have a short term boost.

My guess is the opposite. Short term spot on. Long term way worse

 

[utvolpj]

Wanna complain about the size of this plan, take it up with this guy

No that's not true. The size of the current bill is because of those passing it and signing it. Most of it is not even for immediate covid relief

 

[GSD82]

Wanna complain about the size of this plan, take it up with this guy

You finally getting that $2000 check?

 

[AM64]

My guess is the opposite. Short term spot on. Long term way worse

I was just looking at the point that they considered it a negative at all in a couple of years, so I agree with you on that part, but I still think they have the shorter term too rosy. CBO just tends to be overly optimistic about what congress is going to cost us.

 

[Orangeburst]

I was just looking at the point that they considered it a negative at all in a couple of years, so I agree with you on that part, but I still think they have the shorter term too rosy. CBO just tends to be overly optimistic about what congress is going to cost us.

Good point...

CBO Budget Projections: After Two Years No Better Than Throwing Darts (forbes.com)

 

[Carl Pickens]

Thanks Joe!

Well..... a 10% tax reduction from nothing is nothing .... that graph is complete S

 

[Redleg68]

Well..... a 10% tax reduction from nothing is nothing .... that graph is complete S

yep, and that bottom flip is just another form of welfare by way of tax rebates that were never even paid in.

 

[Pepe_Silvia]

People are so dumb that they literally beg to be fleeced by the government like this...

 

[VolStrom]

50 years ago I used to argue with my father about the national debt. Fast forward from 1971 to 2021 and people in congress are still spending money like drunk sailors. Apparently it doesn't matter anymore so lets open the taps and spend like there is no tomorrow/

 

[GSD82]

50 years ago I used to argue with my father about the national debt. Fast forward from 1971 to 2021 and people in congress are still spending money like drunk sailors. Apparently it doesn't matter anymore so lets open the taps and spend like there is no tomorrow/

Stop insulting drunk sailors

 

[AM64]

50 years ago I used to argue with my father about the national debt. Fast forward from 1971 to 2021 and people in congress are still spending money like drunk sailors. Apparently it doesn't matter anymore so lets open the taps and spend like there is no tomorrow/

Sell the debt to China, tell them we're cancelling our debt, and they can try to come get their investment back. Unfortunately we have too many dims and pansy republicans in power to make it work.

 

[DancingOutlaw]

People are so dumb that they literally beg to be fleeced by the government like this...

View attachment 356707

I think there’s a lot of people in this country with dad issues. They need someone to give them an allowance and tell them when it’s ok to go outside.

 

[Carl Pickens]

I think there’s a lot of people in this country with dad issues. They need someone to give them an allowance and tell them when it’s ok to go outside.

I started watching Cobra Kai tonight and Johnny Lawrence nailed it on the head when he told the kid he was training "Im going to teach you the style of karate that was taught to me. A method of fighting your pussy generation desperately needs.

 

[UT_VOLS13]

Los Angeles' Garcetti 'ecstatic’ as city expects to receive $1.35B from COVID relief bill

 

[Y9 Vol]

Wanna complain about the size of this plan, take it up with this guy

The size of this “plan” has nothing to do with COVID. But you know that and still post your SHAT. You never disappoint Tyler.

 

[evillawyer]

 

[GSD82]

Los Angeles' Garcetti 'ecstatic’ as city expects to receive $1.35B from COVID relief bill

The poorly ran blue states/cities owe us red state people a big thank you. Dems stole money from red states to payoff their pals who ran blue states into the ground

 

[allvol123]

So we are celebrating spending 2 trillion dollars that we dont have on things we dont need?

Again, watch this age.

 

[NorthDallas40]

Need to get those blue state budget shortfall funds delivered as soon as possible!

We’ll get around to education funds in two years per the plan.

The rest is just more debt down the toilet.

 

[NorthDallas40]

The poorly ran blue states/cities owe us red state people a big thank you. Dems stole money from red states to payoff their pals who ran blue states into the ground

But but but ... red states take more money from the Fed than they give! I was told so by the VN Dems!

 

[Vol737]

Trojan horse in the name of “Covid relief”. Who didn’t see this coming?

COMMENTARY: Dems Tuck $60 Billion in Tax Hikes Into COVID Relief Bill

 

[GSD82]

But but but ... red states take more money from the Fed than they give! I was told so by the VN Dems!

And like usual they are lying or ignorant, maybe both.

 

[NorthDallas40]

Trojan horse in the name of “Covid relief”. Who didn’t see this coming?

COMMENTARY: Dems Tuck $60 Billion in Tax Hikes Into COVID Relief Bill

And bypassed the Senate Parliamentarian by doing so.