Does anyone understand the holdup on stimulus?

#51
#51
volfan_28 said:
I wouldn't read too much into that. Most of the places where you see signs up are advertising for minimum wage jobs, which produce $15,000/year assuming a person works 40hrs/week. That's $5,000 below the poverty threshold for a family of 3 in Tennessee.
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I don’t know anyplace paying minimum wage. Heck McDonalds starts teenagers out at $10.
 
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#53
#53
Thunder Good-Oil said:
Perhaps it’s best to save it for another date if needed. The economy is chomping at the bit to take off. Vaccines are just now being distributed. If the corresponding data is promising then maybe anybody wanting work will soon have that option.
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what about people that need the money now.
 
#56
#56
volfan_28 said:
I wouldn't read too much into that. Most of the places where you see signs up are advertising for minimum wage jobs, which produce $15,000/year assuming a person works 40hrs/week. That's $5,000 below the poverty threshold for a family of 3 in Tennessee.
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Don't believe the Dem propaganda. Plenty of good jobs out there, go get one.
 
#60
#60
titansvolsfaninga said:
what about people that need the money now.
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They will still need money after the government gives them some more of ours.

It's not fixing the issue. Its merely kicking the can down the road.

If you want to help fix their issue remove the government mandates about lockdowns.

Taking a potential issue, not being able to work because sick, and making it a reality, by shutting down businesses, doesnt make sense.
 
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#66
#66
Y9 Vol said:
I did not mean you personally. You are trying to stay a float as well as helping family. It was an "in general" comment.
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Oh ok. I agree then. And I know is sounds bad me saying "my family needs help" with one sentence then turning around and saying "people need to get off the government's tit" in the next, but I moved my family 160 miles for my wife's startup and we've got about $60k invested in this thing. We're not just going to give up on it. She'll keep putting the time in working on developing client pipelines and hopefully it'll pay off. Just trying to buy as much time for her as possible. I wish there was some kind of business start-up stimulus. Maybe there is and I just don't know about it.
 
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#68
#68
volfan_28 said:
Oh ok. I agree then. And I know is sounds bad me saying "my family needs help" with one sentence then turning around and saying "people need to get off the government's tit" in the next, but I moved my family 160 miles for my wife's startup and we've got about $60k invested in this thing. We're not just going to give up on it. She'll keep putting the time in working on developing client pipelines and hopefully it'll pay off. Just trying to buy as much time for her as possible. I wish there was some kind of business start-up stimulus. Maybe there is and I just don't know about it.
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It’s people like you that I do feel for. It takes balls to go into business for yourself and to have the .gov shut it all down is BS.
 
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#69
#69
UT_VOLS13 said:
Well, you are WRONG! Plenty of people are completely willing to collect unemployment or government assistance.
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well, I am not talking about those people that don't want to work. I am talking about people that want to work but can not find a job. There are people whose jobs have closed. They may not be qualified to drive a forklift, or for some reason or another can meet the physical demands. The notion that everyone that is unemployed is lazy is asinine. Do you take this same approach to people in the rust belt that want their factory jobs or their coal jobs to come back? I think people can be retrained for new jobs, but being retrained will not put cash in their pocket right now. Finding a new career is a good idea, but it can be a long and expensive process.
This myth about people just collecting benefits, you have to work to collect unemployment....right? The only thing that I can see people scamming on is disability. And I know plenty of ex military people that get 100% disability. They say unemployable and most likely get approved. I know a guy that gets 70% disability and he works at the VA making six figures.
 
#73
#73
Its true that stimulus is by definition a redistribution of wealth via (allegedly) future tax revenues going to the stimulus recipients.

But that is only part of the story.

First, there is value in short term injection of capital into the hands of consumers so as to keep demand sustained for food, energy, and all sorts of consumer goods. If stimulus is not done, and recession occurs (or deeper recession occurs) then that costs the people who would otherwise complain right now about stimulus perhaps even more.

Second, the people who now might complain about stimulus sure did advocate for it to business interests, such as banks, in the 2007-8 timeframe, and with the same argument in reverse: support us now with what is essentially a loan against future tax revenues so we can keep paying you a salary for your job.

The wisdom of it depends on which side of the ledger you are on at the time, it would appear.
 
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#74
#74
hog88 said:
It’s people like you that I do feel for. It takes balls to go into business for yourself and to have the .gov shut it all down is BS.
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Preciate the encouragement. I think we’ll be fine I’m just frustrated. There are people in worse positions than us. My job is pretty stable so going out on a limb for her wasn’t all that risky. Should pay off just taking longer than we’d hoped but that’s fine. We’re fine. I mean I’m sitting at cheer practice right now so... must not be in too bad a spot. I need to stop whining.
 
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#75
#75
lawgator1 said:
Its true that stimulus is by definition a redistribution of wealth via (allegedly) future tax revenues going to the stimulus recipients.

But that is only part of the story.

First, there is value in short term injection of capital into the hands of consumers so as to keep demand sustained for food, energy, and all sorts of consumer goods. If stimulus is not done, and recession occurs (or deeper recession occurs) then that costs the people who would otherwise complain right now about stimulus perhaps even more.

Second, the people who now might complain about stimulus sure did advocate for it to business interests, such as banks, in the 2007-8 timeframe, and with the same argument in reverse: support us now with what is essentially a loan against future tax revenues so we can keep paying you a salary for your job.

The wisdom of it depends on which side of the ledger you are on at the time, it would appear.
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Pretty sure I have been against all of it, ever. The government shouldnt be giving money to anyone that it is not directly employing or receiving a good or service from.

The problem with your stimulus argument is that it doesnt fix the base issue. If a one time stimulus worked you could argue the value of future vs present.

We are already on stimulus number 2.

It doesnt work. Long term, short term, whatever.

Make people independent of the government not dependent on the government.
 
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