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CHECKS ARE COMING: President Trump signs $2T Stimulus Bill

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posted on Mar, 27 2020 @ 04:42 PM
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This just came across my YouTube front page. This may be of some consolation to those in the United States.

A $2 trillion stimulus pack has been signed into law. Passed by both the house and Senate by overwhelming majority. 96-0 vote in the Senate.



Some of the features include:

$300 billion in direct cash payments to all US citizens earning less than $99,000 per year. $3,400 for a typical family of four.

$350 billion in job retention loans for small business with loan forgiveness available for businesses that continue paying their workers.

$250 billion in expanded unemployment benefits. A worker who has lost their job will receive 100% of salary for up to 4 months.

$500 billion in support to hard hit industries.

$100 billion to support doctors nurses and hospitals. (FEMA constructed 4 hospitals in 3 days in New York.)

$45 billion to disaster relief fund to support state, local, and tribal leaders.

$27 billion to develop vaccines, therapies, and other public health response efforts.

Boeing will be making plastic face shields and ventilators.

$3.5 billion to states to expand child-care benefits for health-care workers,1st responders, and others on front line.

$1 billion for securing supplies under the Defense Protection Act.


edit on 27-3-2020 by Inconsequential because: (no reason given)




posted on Mar, 27 2020 @ 04:47 PM
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The unemployment aspects of the bill are so generous, many people will ask to be laid off in order to get a pay raise.

In South Carolina Lindsey Graham said that when you add the federal and state together it will come to $24 an hour for each laid-off person.



posted on Mar, 27 2020 @ 04:50 PM
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a reply to: Inconsequential

Trump bragged about signing the biggest relief spending ever like it's some badge of honor.

The federal government on every level just OKed packages and implied more to come that will cost more than the post 9/11 wars.

America lost today



posted on Mar, 27 2020 @ 04:51 PM
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originally posted by: carewemust
The unemployment aspects of the bill are so generous, many people will ask to be laid off in order to get a pay raise.

In South Carolina Lindsey Graham said that when you add the federal and state together it will come to $24 an hour for each laid-off person.



All of that will likely be just for 3-4 months, unemployment isn't forever as this winds down whenever that is, more requirements and qualifications will come back on line.
edit on 27-3-2020 by putnam6 because: (no reason given)



posted on Mar, 27 2020 @ 04:52 PM
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I don't think this will be a one time thing...

I have a feeling Americans will be dependent on these checks and it will be a new normal...



posted on Mar, 27 2020 @ 04:57 PM
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a reply to: Inconsequential

Was there any of the BS pork that was in the bill previously? Other than that, I think we could have expanded the healthcare sections considerably. As for those of us making over $99k per year, glad I'm still employed and have a rainy day fund just in case.



posted on Mar, 27 2020 @ 04:57 PM
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originally posted by: carewemust
The unemployment aspects of the bill are so generous, many people will ask to be laid off in order to get a pay raise.

In South Carolina Lindsey Graham said that when you add the federal and state together it will come to $24 an hour for each laid-off person.



Only a fool would ask to be laid off for a pay raise that would only last for four months.

This bill does extend the maximum benefit period from 26 weeks to 39 weeks. But that only applies to states that allow benefits of up to 26 weeks; many have shorter maximum benefit periods.



posted on Mar, 27 2020 @ 04:57 PM
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originally posted by: carewemust
The unemployment aspects of the bill are so generous, many people will ask to be laid off in order to get a pay raise.

In South Carolina Lindsey Graham said that when you add the federal and state together it will come to $24 an hour for each laid-off person.


That’s kind of the point. Paying people to stay home. If it wasn’t enough, people would be breaking quarantine guidelines and going about their daily lives because they’d have to if they didn’t want to be evicted.
edit on 27-3-2020 by underwerks because: (no reason given)



posted on Mar, 27 2020 @ 05:00 PM
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a reply to: CriticalStinker

The Senate and House are now working on stabilisation Rescue bill number four... it will be all ready to go when the Senate Returns on April 20th.



posted on Mar, 27 2020 @ 05:02 PM
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Instead of chanting USA! USA! USA!, now the chants should be USSA!

USSR has been dismantled USSA has been assembled.

Welcome to the United Socialist States of America.



posted on Mar, 27 2020 @ 05:03 PM
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originally posted by: underwerks

originally posted by: carewemust
The unemployment aspects of the bill are so generous, many people will ask to be laid off in order to get a pay raise.

In South Carolina Lindsey Graham said that when you add the federal and state together it will come to $24 an hour for each laid-off person.


That’s kind of the point. Paying people to stay home. If it wasn’t enough, people would be breaking quarantine guidelines and going about their daily lives because they’d have to if they didn’t want to be evicted.


They wanted to make it so that state and federal combined would not be more than what any given employee made on their job.

But individual State systems are old and can't handle computations like that quickly.



posted on Mar, 27 2020 @ 05:05 PM
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a reply to: Jamie2018

Trumps also seizing the means of production, demanding private business' to build certain stuff. It's gonna be a wild one for the next two months!



posted on Mar, 27 2020 @ 05:05 PM
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a reply to: Bhadhidar

Apparently Lindsey Graham thinks there are a a lot of fools in his state of South Carolina?



posted on Mar, 27 2020 @ 05:06 PM
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originally posted by: carewemust
a reply to: CriticalStinker

The Senate and House are now working on stabilisation Rescue bill number four... it will be all ready to go when the Senate Returns on April 20th.



Figured that was coming.

This was referred to as phase 3 all along... Senate, Congress, and Trump have all said we'll revisit this soon.

My guess is, next week the market will start dipping. They'll keep trying to stabilize it by throwing money at it.

The normal tax payer will foot the bill both in taxes to pay for all this and less purchasing power due to inflation. Womp womp.



posted on Mar, 27 2020 @ 05:07 PM
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a reply to: strongfp

And I don't understand it all, but President Trump and his treasury secretary have now taken control of the US money supply. The FED is pretty much out of the picture in some ways. That's what some people who understand currency transactions are saying today.


edit on 3/27/2020 by carewemust because: Voice transcription errors corrected.



posted on Mar, 27 2020 @ 05:08 PM
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Don't forget congress got a $25,000,000 pay raise for all their work




posted on Mar, 27 2020 @ 05:09 PM
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a reply to: carewemust

Most definitely, especially when $10 bucks an hour is considered good pay in most of those southern states. The smart ones will try and keep their jobs as long as possible, unfortunately the short sighted ones will do exactly what you said. Also the stipulation that any business that takes on a business loan will have that loan forgiven if they don’t lay any employees off. That would be an incentive to give their employees a bonus for sticking out the hard times. If they can last that long.



posted on Mar, 27 2020 @ 05:10 PM
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a reply to: CriticalStinker

So first they cripple the economy for our safety and then they don't do anything to keep us fed?

If there is no money for the consumer you can say bye-bye to the whole economy, it would lead to a complete breakdown of society and people would loose the little remaining trust into a government meant to protect them. They would tear down the foundation of said government.

A hungy mob is an angy mob!

So i guess i agree with you that it would have been better, to just let it all go down.
Still not a win for the USA, but rather the end of it...



posted on Mar, 27 2020 @ 05:12 PM
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originally posted by: carewemust
a reply to: strongfp

And I don't understand it all, but President Trump and his treasury secretary have now taken control of the US money supply. The FED is pretty much out of the picture in some ways. That's what some people who understand currency transactions are saying today.



I don't know why, but a lot of people are very excited about this merging of the Federal Reserve and the office of the US president.

www.abovetopsecret.com...



posted on Mar, 27 2020 @ 05:12 PM
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originally posted by: strongfp
a reply to: Jamie2018

Trumps also seizing the means of production, demanding private business' to build certain stuff. It's gonna be a wild one for the next two months!
That is an essential Exectutive branch power. Frankly Im all for not using slave labor in China for cheap, #ty goods. A whole lot smarter to manufacture at home...tax base, employment etc...



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