Fed to inject $1.5 TRILLION into the economy

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Re: Fed to inject $1.5 TRILLION into the economy

Post by Chizzang »

BDKJMU wrote: Wed Mar 25, 2020 1:28 pm Just heard Lindsey Graham talking about the bill (which hasn't passed yet) explaining why he and a # of other Senators aren't going to vote for it (fillibuster?).

He said it pays $600 ABOVE unemployment. He said for example in SC that unemployment pays out $326 a week. So in SC a person on unemployment would get $926 a week/$23+ an hr ($326 + $600) (Weekly salary of someone making about 48k a year). So basically anyone not making more than that would stay on unemployment. People wouldn't go back to work for jobs that paid $10, $15, $20 an hr..If true the way I heard it, wow. :shock:

He wants to make it so a person gets paid up to what they were making, capped at 50k. Said could live with all the pork in there for stuff like museums, but not the above.
I promise you ^ that isn't correct... :lol: There is nothing Graham won't lie about
including his own homosexuality

:shock:

yeah I went there
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Re: Fed to inject $1.5 TRILLION into the economy

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Re: Fed to inject $1.5 TRILLION into the economy

Post by BDKJMU »

Chizzang wrote: Wed Mar 25, 2020 4:41 pm
BDKJMU wrote: Wed Mar 25, 2020 1:28 pm Just heard Lindsey Graham talking about the bill (which hasn't passed yet) explaining why he and a # of other Senators aren't going to vote for it (fillibuster?).

He said it pays $600 ABOVE unemployment. He said for example in SC that unemployment pays out $326 a week. So in SC a person on unemployment would get $926 a week/$23+ an hr ($326 + $600) (Weekly salary of someone making about 48k a year). So basically anyone not making more than that would stay on unemployment. People wouldn't go back to work for jobs that paid $10, $15, $20 an hr..If true the way I heard it, wow. :shock:

He wants to make it so a person gets paid up to what they were making, capped at 50k. Said could live with all the pork in there for stuff like museums, but not the above.
I promise you ^ that isn't correct... :lol: There is nothing Graham won't lie about
including his own homosexuality

:shock:

yeah I went there
Its correct. Other conk senators said the same. People will get $600 a week (equivalent to $15/hr) OVER what their state’s unemployment pays them for 4 months.. The above example in SC, which pays well below the nat avg in unemployment, was $23+ an hr. Other states will be a lot higher.

So using SC, if you were laid off, and were making $10, $15, $20 an hr, are you going back to work next month or May when work opens back up. Hell no. Not unless was for far more than $23+ an hr. Gonna take the $23+ an hr and sit at home for the 4 months months April-July. Meanwhile the employer is screwed because can’t afford to pay enough to get his people back.

Paying people more NOT to work than TO work. Makes zero sense.
Last edited by BDKJMU on Wed Mar 25, 2020 11:26 pm, edited 2 times in total.
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Re: Fed to inject $1.5 TRILLION into the economy

Post by BDKJMU »

SDHornet wrote: Wed Mar 25, 2020 10:48 pm
To put in perspective, with the current fed govt budget, annual discretionary spending is about 1.3 trillion. This thing is about 2 trillion. We are going to find out over the next year all kinds of waste and abuse in this thing.
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Re: Fed to inject $1.5 TRILLION into the economy

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BDKJMU wrote: Wed Mar 25, 2020 11:11 pm
SDHornet wrote: Wed Mar 25, 2020 10:48 pm
To put in perspective, with the current fed govt budget, annual discretionary spending is about 1.3 trillion. This thing is about 2 trillion. We are going to find out over the next year all kinds of waste and abuse in this thing.
Yep. Not sure why anything expected anything different with a spending bill coming out of Congress.
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Re: Fed to inject $1.5 TRILLION into the economy

Post by ALPHAGRIZ1 »

Money for Americans is less than 1/6th of the 2 Trillion. They ripped you guys off again.

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Re: Fed to inject $1.5 TRILLION into the economy

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ALPHAGRIZ1 wrote: Thu Mar 26, 2020 12:28 am Money for Americans is less than 1/6th of the 2 Trillion. They ripped you guys off again.

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Re: Fed to inject $1.5 TRILLION into the economy

Post by BDKJMU »

BDKJMU wrote: Wed Mar 25, 2020 11:02 pm
Chizzang wrote: Wed Mar 25, 2020 4:41 pm

I promise you ^ that isn't correct... :lol: There is nothing Graham won't lie about
including his own homosexuality

:shock:

yeah I went there
Its correct. Other conk senators said the same. People will get $600 a week (equivalent to $15/hr) OVER what their state’s unemployment pays them for 4 months.. The above example in SC, which pays well below the nat avg in unemployment, was $23+ an hr. Other states will be a lot higher.

So using SC, if you were laid off, and were making $10, $15, $20 an hr, are you going back to work next month or May when work opens back up. Hell no. Not unless was for far more than $23+ an hr. Gonna take the $23+ an hr and sit at home for the 4 months months April-July. Meanwhile the employer is screwed because can’t afford to pay enough to get his people back.

Paying people more NOT to work than TO work. Makes zero sense.
Here's the max unemployment weekly benefits per state. Ranges from $235 for Mississippi to $790 for Washington St.
https://www.savingtoinvest.com/maximum- ... -by-state/

Add $600 on top of that for 4 months. A lot of businesses that are facing a severe slowdown could say to their employees we'll lay you off for 4 months. You can get paid more for not working for 4 months that you can make working. Then when the 4 months has ended and business has picked back up, we'll put you back to work.

People are going to game this..
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Re: Fed to inject $1.5 TRILLION into the economy

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BDKJMU wrote: Thu Mar 26, 2020 1:39 pm
BDKJMU wrote: Wed Mar 25, 2020 11:02 pm
Its correct. Other conk senators said the same. People will get $600 a week (equivalent to $15/hr) OVER what their state’s unemployment pays them for 4 months.. The above example in SC, which pays well below the nat avg in unemployment, was $23+ an hr. Other states will be a lot higher.

So using SC, if you were laid off, and were making $10, $15, $20 an hr, are you going back to work next month or May when work opens back up. Hell no. Not unless was for far more than $23+ an hr. Gonna take the $23+ an hr and sit at home for the 4 months months April-July. Meanwhile the employer is screwed because can’t afford to pay enough to get his people back.

Paying people more NOT to work than TO work. Makes zero sense.
Here's the max unemployment weekly benefits per state. Ranges from $235 for Mississippi to $790 for Washington St.
https://www.savingtoinvest.com/maximum- ... -by-state/

Add $600 on top of that for 4 months. A lot of businesses that are facing a severe slowdown could say to their employees we'll lay you off for 4 months. You can get paid more for not working for 4 months that you can make working. Then when the 4 months has ended and business has picked back up, we'll put you back to work.

People are going to game this..
Or if business picks up earlier than expected, good luck hiring people when they can make more doing nothing.
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Re: Fed to inject $1.5 TRILLION into the economy

Post by mainejeff »

SDHornet wrote: Thu Mar 26, 2020 5:18 pm
BDKJMU wrote: Thu Mar 26, 2020 1:39 pm
Here's the max unemployment weekly benefits per state. Ranges from $235 for Mississippi to $790 for Washington St.
https://www.savingtoinvest.com/maximum- ... -by-state/

Add $600 on top of that for 4 months. A lot of businesses that are facing a severe slowdown could say to their employees we'll lay you off for 4 months. You can get paid more for not working for 4 months that you can make working. Then when the 4 months has ended and business has picked back up, we'll put you back to work.

People are going to game this..
Or if business picks up earlier than expected, good luck hiring people when they can make more doing nothing.
Don't worry....with Trump in charge.....these people will get screwed in the end. :nod:
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Re: Fed to inject $1.5 TRILLION into the economy

Post by kalm »

SDHornet wrote: Thu Mar 26, 2020 5:18 pm
BDKJMU wrote: Thu Mar 26, 2020 1:39 pm
Here's the max unemployment weekly benefits per state. Ranges from $235 for Mississippi to $790 for Washington St.
https://www.savingtoinvest.com/maximum- ... -by-state/

Add $600 on top of that for 4 months. A lot of businesses that are facing a severe slowdown could say to their employees we'll lay you off for 4 months. You can get paid more for not working for 4 months that you can make working. Then when the 4 months has ended and business has picked back up, we'll put you back to work.

People are going to game this..
Or if business picks up earlier than expected, good luck hiring people when they can make more doing nothing.
On no's..........the lazy, irresponsible bastards!!!! :rofl:

This is pure gold watching all the deep and heartfelt concern for austerity


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Re: Fed to inject $1.5 TRILLION into the economy

Post by Chizzang »

BDKJMU wrote: Wed Mar 25, 2020 11:02 pm
Chizzang wrote: Wed Mar 25, 2020 4:41 pm

I promise you ^ that isn't correct... :lol: There is nothing Graham won't lie about
including his own homosexuality

:shock:

yeah I went there
Its correct. Other conk senators said the same. People will get $600 a week (equivalent to $15/hr) OVER what their state’s unemployment pays them for 4 months.. The above example in SC, which pays well below the nat avg in unemployment, was $23+ an hr. Other states will be a lot higher.

So using SC, if you were laid off, and were making $10, $15, $20 an hr, are you going back to work next month or May when work opens back up. Hell no. Not unless was for far more than $23+ an hr. Gonna take the $23+ an hr and sit at home for the 4 months months April-July. Meanwhile the employer is screwed because can’t afford to pay enough to get his people back.

Paying people more NOT to work than TO work. Makes zero sense.
it's not tied to unemployment values...
So your argument is irrelevant

Its stimulus money not unemployment money - these things are different
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Re: Fed to inject $1.5 TRILLION into the economy

Post by SDHornet »

mainejeff wrote: Fri Mar 27, 2020 5:38 am
SDHornet wrote: Thu Mar 26, 2020 5:18 pm
Or if business picks up earlier than expected, good luck hiring people when they can make more doing nothing.
Don't worry....with Trump in charge.....these people will get screwed in the end. :nod:
These people (small business owner and employees) are already screwed. Thanks China!
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Re: Fed to inject $1.5 TRILLION into the economy

Post by SDHornet »

kalm wrote: Fri Mar 27, 2020 6:28 am
SDHornet wrote: Thu Mar 26, 2020 5:18 pm
Or if business picks up earlier than expected, good luck hiring people when they can make more doing nothing.
On no's..........the lazy, irresponsible bastards!!!! :rofl:

This is pure gold watching all the deep and heartfelt concern for austerity


https://www.boredpanda.com/boeing-satir ... VFiMwRaj_Y
:? It's a math problem. Make more on the handouts, or work for less. Pretty easy answer if you ask me.
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Re: Fed to inject $1.5 TRILLION into the economy

Post by kalm »

SDHornet wrote: Fri Mar 27, 2020 9:33 am
kalm wrote: Fri Mar 27, 2020 6:28 am

On no's..........the lazy, irresponsible bastards!!!! :rofl:

This is pure gold watching all the deep and heartfelt concern for austerity


https://www.boredpanda.com/boeing-satir ... VFiMwRaj_Y
:? It's a math problem. Make more on the handouts, or work for less. Pretty easy answer if you ask me.
So Boeing should just quit producing airplanes and rely on bailouts from here on out?

Jesus man...chizzy already answered the math question....you’re better than this.
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Re: Fed to inject $1.5 TRILLION into the economy

Post by SDHornet »

kalm wrote: Fri Mar 27, 2020 10:24 am
SDHornet wrote: Fri Mar 27, 2020 9:33 am

:? It's a math problem. Make more on the handouts, or work for less. Pretty easy answer if you ask me.
So Boeing should just quit producing airplanes and rely on bailouts from here on out?

Jesus man...chizzy already answered the math question....you’re better than this.
Oh I thought you were referring to common folk. I have no idea what Boeing will do, probably whatever benefits their bottom line. Either way Boeing is in the "too big to fail" group.
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Re: Fed to inject $1.5 TRILLION into the economy

Post by BDKJMU »

Chizzang wrote: Fri Mar 27, 2020 7:27 am
BDKJMU wrote: Wed Mar 25, 2020 11:02 pm
Its correct. Other conk senators said the same. People will get $600 a week (equivalent to $15/hr) OVER what their state’s unemployment pays them for 4 months.. The above example in SC, which pays well below the nat avg in unemployment, was $23+ an hr. Other states will be a lot higher.

So using SC, if you were laid off, and were making $10, $15, $20 an hr, are you going back to work next month or May when work opens back up. Hell no. Not unless was for far more than $23+ an hr. Gonna take the $23+ an hr and sit at home for the 4 months months April-July. Meanwhile the employer is screwed because can’t afford to pay enough to get his people back.

Paying people more NOT to work than TO work. Makes zero sense.
it's not tied to unemployment values...
So your argument is irrelevant

Its stimulus money not unemployment money - these things are different
Wrong. The stimulus $$ going to everyone making under 99k is different from the extra $600 going to everyone on unemployment.

The $600 is unemployment $$..
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Re: Fed to inject $1.5 TRILLION into the economy

Post by BDKJMU »

SDHornet wrote: Fri Mar 27, 2020 9:33 am
kalm wrote: Fri Mar 27, 2020 6:28 am

On no's..........the lazy, irresponsible bastards!!!! :rofl:

This is pure gold watching all the deep and heartfelt concern for austerity


https://www.boredpanda.com/boeing-satir ... VFiMwRaj_Y
:? It's a math problem. Make more on the handouts, or work for less. Pretty easy answer if you ask me.
Someone on here gets it..
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Re: Fed to inject $1.5 TRILLION into the economy

Post by Chizzang »

BDKJMU wrote: Fri Mar 27, 2020 10:55 am
Chizzang wrote: Fri Mar 27, 2020 7:27 am

it's not tied to unemployment values...
So your argument is irrelevant

Its stimulus money not unemployment money - these things are different
Wrong. The stimulus $$ going to everyone making under 99k is different from the extra $600 going to everyone on unemployment.

The $600 is unemployment $$..
Hmmm... I see
So that really bothers you that somebody that made $30K a year might get a few hundred bucks more than you thin they deserve..?
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Re: Fed to inject $1.5 TRILLION into the economy

Post by SDHornet »

Chizzang wrote: Fri Mar 27, 2020 11:39 am
BDKJMU wrote: Fri Mar 27, 2020 10:55 am
Wrong. The stimulus $$ going to everyone making under 99k is different from the extra $600 going to everyone on unemployment.

The $600 is unemployment $$..
Hmmm... I see
So that really bothers you that somebody that made $30K a year might get a few hundred bucks more than you thin they deserve..?
Again, the issue is unemployment benefits out pacing their pay once/if their job returns. No one is going to go back to their old job if staying on unemployment nets them more cash. I believe that is the dilemma here.

The one time check is a separate payment and I don't think there are many folks opposed to that (certainly not me).
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Re: Fed to inject $1.5 TRILLION into the economy

Post by Ibanez »

SDHornet wrote: Fri Mar 27, 2020 11:46 am
Chizzang wrote: Fri Mar 27, 2020 11:39 am

Hmmm... I see
So that really bothers you that somebody that made $30K a year might get a few hundred bucks more than you thin they deserve..?
Again, the issue is unemployment benefits out pacing their pay once/if their job returns. No one is going to go back to their old job if staying on unemployment nets them more cash. I believe that is the dilemma here.

The one time check is a separate payment and I don't think there are many folks opposed to that (certainly not me).
Those are the idiots that aren't thinking long term. I know someone whose brother KNEW he was getting fired. He was offered a job that pays $4k less and he declined it. :ohno: And know he's unemployed, with a wife who isn't working b/c schools are closed and they have a daughter.

Ironically, all 3 of them are on the spectrum somewhere but they're still functional. Just idiots. :ohno: :ohno:
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Re: Fed to inject $1.5 TRILLION into the economy

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Ibanez wrote: Fri Mar 27, 2020 11:50 am
SDHornet wrote: Fri Mar 27, 2020 11:46 am

Again, the issue is unemployment benefits out pacing their pay once/if their job returns. No one is going to go back to their old job if staying on unemployment nets them more cash. I believe that is the dilemma here.

The one time check is a separate payment and I don't think there are many folks opposed to that (certainly not me).
Those are the idiots that aren't thinking long term. I know someone whose brother KNEW he was getting fired. He was offered a job that pays $4k less and he declined it. :ohno: And know he's unemployed, with a wife who isn't working b/c schools are closed and they have a daughter.

Ironically, all 3 of them are on the spectrum somewhere but they're still functional. Just idiots. :ohno: :ohno:
And now taxpayers are left holding the bag for those idiots. Great example of the flaws and issues created by the welfare state.
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Re: Fed to inject $1.5 TRILLION into the economy

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SDHornet wrote: Fri Mar 27, 2020 11:52 am
Ibanez wrote: Fri Mar 27, 2020 11:50 am

Those are the idiots that aren't thinking long term. I know someone whose brother KNEW he was getting fired. He was offered a job that pays $4k less and he declined it. :ohno: And know he's unemployed, with a wife who isn't working b/c schools are closed and they have a daughter.

Ironically, all 3 of them are on the spectrum somewhere but they're still functional. Just idiots. :ohno: :ohno:
And now taxpayers are left holding the bag for those idiots. Great example of the flaws and issues created by the welfare state.
Yeah. I know the brother and he has zero common sense (or an understanding of social cues). I was honestly surprised to learn he was married with a kid when I first met him.
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Re: Fed to inject $1.5 TRILLION into the economy

Post by BDKJMU »

Chizzang wrote: Fri Mar 27, 2020 11:39 am
BDKJMU wrote: Fri Mar 27, 2020 10:55 am
Wrong. The stimulus $$ going to everyone making under 99k is different from the extra $600 going to everyone on unemployment.

The $600 is unemployment $$..
Hmmm... I see
So that really bothers you that somebody that made $30K a year might get a few hundred bucks more than you thin they deserve..?
No. I don't blame anyone that games it as an employee or an employer. I'm concerned for the small businesses that get hurt by the disruption to the labor market who can't simply just raise salaries & prices.

Not just people making 30k a yr. For ex in WA the max weekly unemployment, according to the previous link, is $790. So now $1390 with the $600 weekly supplemental added on, the weekly pay of someone making 72k+ a yr. Heck, you'll have people making more than that taking advantage- sacrifice a few hundred a week for a nice paid 4 month sabbatical.
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Re: Fed to inject $1.5 TRILLION into the economy

Post by kalm »

BDKJMU wrote: Fri Mar 27, 2020 12:01 pm
Chizzang wrote: Fri Mar 27, 2020 11:39 am

Hmmm... I see
So that really bothers you that somebody that made $30K a year might get a few hundred bucks more than you thin they deserve..?
No. I don't blame anyone that games it as an employee or an employer. I'm concerned for the small businesses that get hurt by the disruption to the labor market who can't simply just raise salaries & prices.

Not just people making 30k a yr. For ex in WA the max weekly unemployment, according to the previous link, is $790. So now $1390 with the $600 weekly supplemental added on, the weekly pay of someone making 72k+ a yr. Heck, you'll have people making more than that taking advantage- sacrifice a few hundred a week for a nice paid 4 month sabbatical.
Yeah...they should just go get a real job over these next 4 months or something!

:lol:
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