Poll

Should all Americans receive another stimulus check?  How about 2 or 3 more?

Yes, 1 more
5 (6.3%)
Yes, 2 more
5 (6.3%)
Yes, 3 more
5 (6.3%)
Yes, 4 more
27 (34.2%)
No
37 (46.8%)

Total Members Voted: 79

Author Topic: Should all Americans receive another stimulus check? How about 2 or 3 more?  (Read 9308 times)

Offline Kobe Bryant

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #105 on: January 21, 2021, 07:19:56 AM »
please add an option Monthly, thanks
Harris/Biden should just appoint Yang as the Stimulus Czar.

Offline yos9694

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #106 on: January 21, 2021, 12:12:52 PM »
US National Debt to GDP ratio is 130%. Currently $27.8T in National debt and $21.3T GDP (not counting another $3.3T in debt at the state and local levels, which puts the total debt to GDP ratio closer to 150%). At some point this breaks. There needs to be a bit more thinking about costs vs. benefits before signing any more multi-trillion dollar debt inducing bills (including tax cuts and stimulus). So far I will argue that the stimulus bills of 2020 cost more than the benefits they created because they were mostly pork, and we can't afford more.

Offline AsherO

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #107 on: January 21, 2021, 12:21:25 PM »
US National Debt to GDP ratio is 130%. Currently $27.8T in National debt and $21.3T GDP (not counting another $3.3T in debt at the state and local levels, which puts the total debt to GDP ratio closer to 150%). At some point this breaks. There needs to be a bit more thinking about costs vs. benefits before signing any more multi-trillion dollar debt inducing bills (including tax cuts and stimulus). So far I will argue that the stimulus bills of 2020 cost more than the benefits they created because they were mostly pork, and we can't afford more.

Hopefully Ds controlling the government means less interests to appease and thus less pork. OTOH they’re gonna spend much much than before, so it’s not an improvement.

Offline yos9694

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #108 on: January 21, 2021, 12:51:54 PM »
Hopefully Ds controlling the government means less interests to appease and thus less pork. OTOH they’re gonna spend much much than before, so it’s not an improvement.

So basically you're saying we're doomed no matter what.

Time for the Libertarians to get a turn

Offline AsherO

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #109 on: January 21, 2021, 12:55:24 PM »
So basically you're saying we're doomed no matter what.

Time for the Libertarians to get a turn

Thats not what I said, though it's certainly a possibility. Inertia tells me that something has to change or the national debt will keep rising (and growing as a percentage of GDP) unless something changes.

Offline yos9694

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #110 on: January 21, 2021, 12:59:42 PM »
Thats not what I said, though it's certainly a possibility. Inertia tells me that something has to change or the national debt will keep rising (and growing as a percentage of GDP) unless something changes.

If the Dems are making it worse and the Repubs are making it worse then I'll be the one to say we're doomed unless we can bring in some new thinking.

National debt right now is in the same phase as pre-2008 housing market. Macro economists can see that we will have no choice but to use inflation or default to get out of this mess, but the majority of people haven't yet recognized the severity.

Offline Joe4007

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #111 on: January 21, 2021, 01:38:09 PM »
Let's be realistic. The debt issue isn't going to be reined in.

The real question is how quickly we're going to add to it and allow it to break. 

Offline yos9694

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #112 on: January 21, 2021, 02:19:40 PM »
Let's be realistic. The debt issue isn't going to be reined in.

The real question is how quickly we're going to add to it and allow it to break.

100% on the same page. The only question for me is on a personal level how to best avoid personal negative impact. But I'll still oppose reckless spending such as bottomless stimulus bills even though I know my voice won't stop them from passing.

Offline dovy2

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #113 on: January 21, 2021, 02:57:09 PM »
Main reasons I hear for no stimulus is because no one is spending it on goods... So why not send out amazon gift cards? :) ;)

Offline avromie7

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #114 on: January 21, 2021, 03:05:40 PM »
Main reasons I hear for no stimulus is because no one is spending it on goods... So why not send out amazon gift cards? :) ;)
The federal government should be subsidizing Amazon? I think there was a better solution floated, to have the money on a debit card that expires at the end of the week or month. In reality, because money is fungible, savers will just use the stimulus money and save their other sources of income.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline yungermanchik

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #115 on: January 21, 2021, 03:11:35 PM »
The federal government should be subsidizing Amazon? I think there was a better solution floated, to have the money on a debit card that expires at the end of the week or month. In reality, because money is fungible, savers will just use the stimulus money and save their other sources of income.
An even better idea:
A debit card that can only be used at (local) small businesses, kinda like the chesed-dollar concept.
Small people talk about other people.
Average people talk about things
BIG PEOPLE TALK ABOUT IDEAS.

Offline Joe4007

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #116 on: January 21, 2021, 05:50:18 PM »
100% on the same page. The only question for me is on a personal level how to best avoid personal negative impact. But I'll still oppose reckless spending such as bottomless stimulus bills even though I know my voice won't stop them from passing.
Methinks that as long as you're aware of where we're heading you can use the stimulus, etc. to your advantage (i.e. invest based on the outcome of unsustainable government debt).

Offline yos9694

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #117 on: January 21, 2021, 07:16:33 PM »
Methinks that as long as you're aware of where we're heading you can use the stimulus, etc. to your advantage (i.e. invest based on the outcome of unsustainable government debt)

Timing is the challenge.

Offline AsherO

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #118 on: January 21, 2021, 07:28:14 PM »
Methinks that as long as you're aware of where we're heading you can use the stimulus, etc. to your advantage (i.e. invest based on the outcome of unsustainable government debt).

Unfortunately if (when?) America goes bust there will be bigger problems than individual people’s assets.

Offline yos9694

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Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #119 on: January 22, 2021, 12:22:44 PM »
Unfortunately if (when?) America goes bust there will be bigger problems than individual people’s assets.

For sure. And as we know from history, when a country has severe economic trouble those bigger problems mean that having individual assets on hand can be a matter of pikuach nefesh. Hamayvin yavin