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 8652 times)

Offline AsherO

  • Global Moderator
  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 24590
  • Total likes: 2356
  • DansDeals.com Hat Tips 75
    • View Profile
  • Location: NYC
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #90 on: December 24, 2020, 07:19:10 PM »
usually we buy a lotto for 2$ dream 1 night till we find out that we lost, the current administration is giving us all free tickets and they are letting us dream for more then one night!!

Maybe if the $900 billion was earmarked for me. but it wasn’t, so the lottery makes for a much better dream

Online PlatinumGuy

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Apr 2011
  • Posts: 13257
  • Total likes: 1516
  • DansDeals.com Hat Tips 9
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #91 on: December 24, 2020, 07:51:58 PM »
From a financial perspective: The answer would be yes. The US has a better credit rating (lower borrowing rate) than we do as individuals, so they can borrow 10 year debt for 0.95% while we would need to pay at least about 2.25% on a 15 year mortgage, so let them borrow, give me the money, and we'll pay it back with their interest rate over coming decade.

From a practical perspective, those who receive the stimulus will likely pay back little, and those ineligible to receive will pay for most of it. In effect this is a redistribution of wealth, on a modest level, and to stabilize the economy (and the stock market). (and this time its obvious the beneficiaries include many many hard working people including small business owners)

I'm fine with this as a matter of policy, if the economists feel its needed to support the economy, but I sure hope we don't need any more after this most recent one! Perhaps the next one, if needed,  should be conditional up receiving the vaccine.
This argument falls apart if you're a taxpayer. Half the country doesn't pay any taxes, so the gov't is giving you $600 but taking back more to give the $600 to those who aren't paying it back. If you aren't paying taxes, the $600 isn't a loan it's a gift.

That being said, I do support government spending now. I'm not sure blanket stimulus check are the best way to go about it, but when there is zero inflation and thus zero interest (and talk of negative interest rates) the government should increase the monetary supply as much as it can. Any measured response that is properly deliberated won't destabilize the currency, especially when there aren't any safer currencies around. Now is the time to spend spend spend. Maybe green energy and infrastructure will do us better than giving people checks, but never expect too much competence from the government. It's not like they managed to improve testing, stocked vaccines prior to approval, or bought the IP to produce vaccines quicker now.

Frankly, for 20% of this bill they could've bought the entire Pfizer outright and published the vaccine recipe for everybody to produce.
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר – יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline zh cohen

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 1025
  • Total likes: 662
  • DansDeals.com Hat Tips 1
  • Gender: Male
    • View Profile
  • Location: Brooklyn
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #92 on: December 24, 2020, 10:50:48 PM »

Frankly, for 20% of this bill they could've bought the entire Pfizer outright and published the vaccine recipe for everybody to produce.

Is there lots of (safe) vaccine production capacity that is not being used now? If yes, wouldn't Pfizer (or Moderna) be paying those companies to produce for them?

Online PlatinumGuy

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Apr 2011
  • Posts: 13257
  • Total likes: 1516
  • DansDeals.com Hat Tips 9
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #93 on: December 24, 2020, 11:21:25 PM »
Is there lots of (safe) vaccine production capacity that is not being used now? If yes, wouldn't Pfizer (or Moderna) be paying those companies to produce for them?
Moderna subcontracted a Swiss production line. I can't believe there aren't others. It's not like Pfizer had anything unique for mRNA production a year ago.

It's a good question why self-interest isn't driving more partnerships, my guess would be the numbers involved are simply too small for Pfizer/Moderna to damage their reputation by outsourcing to competitors like Roche, and potentially losing their IP along the way. Even if it was a perfect win-win deal, it's not easy to actually put together a deal. Peace with Israel is a win-win but took 70 years to accomplish.
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר – יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline yesitsme

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Dec 2014
  • Posts: 3201
  • Total likes: 958
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #94 on: December 27, 2020, 01:50:37 AM »
$2000 + $2000 plus other family members. Not $600. Remember, it was China’s fault!

Offline Kobe Bryant

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2017
  • Posts: 2552
  • Total likes: 1384
  • DansDeals.com Hat Tips 13
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #95 on: December 27, 2020, 06:57:43 AM »
$2000 + $2000 plus other family members. Not $600. Remember, it was China’s fault!
Invalid Tweet ID

Offline yesitsme

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Dec 2014
  • Posts: 3201
  • Total likes: 958
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #96 on: December 31, 2020, 10:06:59 PM »
Black Lives Matter calls for 'monthly' stimulus checks for families crushed
by pandemic
Fox News
7 hours ago

What a pity you can't loot direct deposits

Online lubaby

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2010
  • Posts: 5093
  • Total likes: 534
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #97 on: December 31, 2020, 10:42:01 PM »
Black Lives Matter calls for 'monthly' stimulus checks for families crushed
by pandemic
Fox News
7 hours ago

What a pity you can't loot direct deposits
With the way police keep ‘making the news’, you can however make monthly “peaceful protests” and get your stimulus value that way.

Online avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 6446
  • Total likes: 1052
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Black Lives Matter calls for 'monthly' stimulus checks for families crushed
by pandemic
Fox News
7 hours ago

What a pity you can't loot direct deposits
Isn't that what unemployment is for?
I wonder what people who type "u" instead of "you" do with all their free time.

Offline yesitsme

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Dec 2014
  • Posts: 3201
  • Total likes: 958
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Black Lives Matter calls for 'monthly' stimulus checks for families crushed
by pandemic
Fox News
7 hours ago

What a pity you can't loot direct deposits

Offline Kobe Bryant

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2017
  • Posts: 2552
  • Total likes: 1384
  • DansDeals.com Hat Tips 13
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #100 on: January 10, 2021, 08:59:53 PM »
Let’s just print money...



Offline yesitsme

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Dec 2014
  • Posts: 3201
  • Total likes: 958
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #101 on: January 10, 2021, 10:40:41 PM »
Anything less then monthly 2k per breathing soul I would be disappointed,
we lost everything we might as well get something for it

Online yos9694

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Aug 2012
  • Posts: 1135
  • Total likes: 258
  • DansDeals.com Hat Tips 6
  • Gender: Male
    • View Profile
  • Location: Not Brooklyn
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #102 on: January 11, 2021, 11:44:45 AM »
Let’s just print money...


Such arbitrary numbers. Next tweet could say $2000 is not enough when you have to choose between paying this month's rent or catching up on last month's. We need $4000 checks.

Offline TimT

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Dec 2013
  • Posts: 19156
  • Total likes: 2443
  • DansDeals.com Hat Tips 12
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #103 on: January 11, 2021, 12:02:06 PM »
The dead should only receive $600. They don’t have to choose between the 2. There’s only rent.

Offline yesitsme

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Dec 2014
  • Posts: 3201
  • Total likes: 958
  • DansDeals.com Hat Tips 4
  • Gender: Male
    • View Profile
Re: Should all Americans receive another stimulus check? How about 2 or 3 more?
« Reply #104 on: January 21, 2021, 12:20:18 AM »
please add an option Monthly, thanks