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Coronavirus (Stay on Topic)

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Storm5 said:
I don’t believe it would stimulate the economy. People are going to save and be hesitant to spend. But if Uncle Sam wants to send me money send away I can find more stock to buy lol


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My thoughts exactly. Which would help strengthen the economy. I promise to do my part lol
 
Yellow Snow said:
One of the proposals being floated in the House would give $1,000 per each adult and $500 per each child in a household - and that would be a monthly disbursement for the duration of the crisis, not just a one-off payment.
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If this happens it will definitely make it easier to keep people home. I have no idea what that's going to cost.... Trillions?
 
snowlover91 said:
My question is where is this money going to come from? You're looking at 330M Americans, the cost of this would be 200-300 billion a month which is an insane amount of money especially if they do this for 2-3 months.
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Two things: 1) not every household would receive the payment (they're going to set up a means-testing mechanism so that high income households won't be eligible), and 2) the fed spends about $55 billion every day. Another 200-300 billion per month is chicken feed for them.
 
Storm5 said:
Can’t you work from home ?


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I have been. Its the irrational requests, I need this NOW, not respecting that suppliers are allocating inventory, not understanding that we are 1 company these suppliers are dealing with hundreds asking the same question, me me me me, Ive got hundreds of thousands of dollars of PPE POs sitting here that i can't get and somehow its my fault
 
mydoortotheworld said:
We never question this when we talk about paying for wars, bailing out banks, building our stupid wall, etc. but now when it comes to actually handing cash to citizens to help stimulate the economy from the bottom up, we wonder where that money comes from?
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I always question where the $ will come from, especially when you get large amounts in the hundreds of billions. Our government as a whole is not fiscally responsible or willing to deal with debt which needs to happen after this crisis is over imo. But that's another discussion for another day. I would definitely take the cash but with all the stimulus and proposals going on I hope they have a plan on how to deal with it instead of just bloating our national debt and never dealing with it.
 
snowlover91 said:
I always question where the $ will come from, especially when you get large amounts in the hundreds of billions. Our government as a whole is not fiscally responsible or willing to deal with debt which needs to happen after this crisis is over imo. But that's another discussion for another day. I would definitely take the cash but with all the stimulus and proposals going on I hope they have a plan on how to deal with it instead of just bloating our national debt and never dealing with it.
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Trust me, I'm the same, I always question where the money comes from, but I've kind of accepted the reality that our government, no matter R or D, just straight leaks money, and I don't know where or how to stop it. And if that's the case, I'd rather have it come in the form of cash in my hand to go spend on essentials and, hopefully, shove the economy forward.
 
Yellow Snow said:
Two things: 1) not every household would receive the payment (they're going to set up a means-testing mechanism so that high income households won't be eligible), and 2) the fed spends about $55 billion every day. Another 200-300 billion per month is chicken feed for them.
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Yeah the threshold for who gets it will be key... I'd certainly take it but hopefully they have a plan to deal with this extra money they'd be handing out. It certainly would be helpful to people who are out of a job.
 
Not a CNN fan but I’m addicted to the virus and stock market right now so I surf media pages all day lol
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mydoortotheworld said:
Trust me, I'm the same, I always question where the money comes from, but I've kind of accepted the reality that our government, no matter R or D, just straight leaks money, and I don't know where or how to stop it. And if that's the case, I'd rather have it come in the form of cash in my hand to go spend on essentials and, hopefully, shove the economy forward.
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Yeah I 100% agree with this.
 
Iceagewhereartthou said:
I can't see that happening. That is 3000 per family of 4. Let's say there's 80MM familys of 4. That would work out to 240 Billion per month just for this (just with a quick head estimate). Do you guys think they would really do that?
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Let me think, would it help politicians get the-elected? Yep. So the answer is absolutely.
 
snowlover91 said:
Kudos to Trump as well for taking a more serious tone and apparently listening to their advice in recent days. Very good PC so far from what I've heard.
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To all the test fiasco concerns. The Who never offered us test kits and if they would have we wouldnt have taking them. Dont meet the criteria of our baseline quality controll to even be considered. Who wants a test from a test kit that has about as good a chance of being right as the GFS does.
 
snowlover91 said:
I always question where the $ will come from, especially when you get large amounts in the hundreds of billions. Our government as a whole is not fiscally responsible or willing to deal with debt which needs to happen after this crisis is over imo. But that's another discussion for another day. I would definitely take the cash but with all the stimulus and proposals going on I hope they have a plan on how to deal with it instead of just bloating our national debt and never dealing with it.
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They won’t ever deal with it. The key is just to be prepared for the crash that is surely coming. I used to be fiscally responsible government wise. I’m no longer that way. The more money they want to give me extra(not talking about food stamps) I can spend more responsibly than they can.
 
www.wsbtv.com

Cobb, Douglas county officials finalizing plans for drive-through coronavirus testing

Officials emphasized the testing for COVID-19 will not be provided to the general community at this time.
www.wsbtv.com www.wsbtv.com

So drive thru testing in Geogia would be for health care workers only. Everyone with symptoms of Covid-19 being told to stay at home and not try to get tested.

Is this crazy to anyone else? If the official number of cases in GA is 146 cases how many are really here? I don't know if it's 10x or 100x.
 
So with this check that the government wants to issue us, any thoughts if we would have to pay it back or how will it work? I'm a little confused and concerned considering I just finished my bachelors degree and owe $25k in student loans. Any thoughts would greatly be appreciated!
 
NoSnowATL said:
Yea I thought it was a one time payment but looks to be multiple payments so in that case it will help.

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Nothing is certain yet; some of the proposals coming from the House and the Senate envision a one-time payment, while others opt for a monthly payment. Most call for $1,000, but the President indicated today it could be greater than $1k. Most of the proposals are a payment per adult, but others call for a payment that includes a per child amount.

We'll just have to wait and see how each chamber decides to proceed...
 
gaikkeb said:
So with this check that the government wants to issue us, any thoughts if we would have to pay it back or how will it work? I'm a little confused and concerned considering I just finished my bachelors degree and owe $25k in student loans. Any thoughts would greatly be appreciated!
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Tax increase somewhere


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gaikkeb said:
So with this check that the government wants to issue us, any thoughts if we would have to pay it back or how will it work? I'm a little confused and concerned considering I just finished my bachelors degree and owe $25k in student loans. Any thoughts would greatly be appreciated!
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There would be no paying it back, hell I am not even sure if it is taxed as earned income, though leave it to the US government to tax tax money they are giving as emergency funds to help stave off economic hardship.
 
Arcc said:
Just saw an article referencing Iceland and if it is accurate they are showing at least a 50% asymptomatic rate. Lines up with other areas.
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And that's why testing often and early would have made such a big impact and why the US blew it by not doing it.....there are probably 10's of thousands of people in the US right now with it, this is why these shutdowns are needed otherwise that number would double ever 3-4 days....just hope its not to late and we don't lose 5-10k people in the next month to it.
 
Downeastnc said:
There would be no paying it back, hell I am not even sure if it is taxed as earned income, though leave it to the US government to tax tax money they are giving as emergency funds to help stave off economic hardship.
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Probably not the thread for it but they could start by moving the inheritance tax back to 5.5 Million from the 11.4 Million they moved it to 2 years ago. It would only effect less than 1/2 percent of the population.
 
gaikkeb said:
So with this check that the government wants to issue us, any thoughts if we would have to pay it back or how will it work? I'm a little confused and concerned considering I just finished my bachelors degree and owe $25k in student loans. Any thoughts would greatly be appreciated!
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It will not be taxable; it will be "made up" with future taxes.
 
At this time the problem isn’t that we’re going to have a recession it’s how far the collapse of the economy will fall and will society be able to handle it and not totally go crazy
 
Hilton properties across America is only at 15% occupancy. Let that sink in
 
Downeastnc said:
And that's why testing often and early would have made such a big impact and why the US blew it by not doing it.....there are probably 10's of thousands of people in the US right now with it, this is why these shutdowns are needed otherwise that number would double ever 3-4 days....just hope its not to late and we don't lose 5-10k people in the next month to it.
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The article also does state the the rest of the cases they have are really mild. So we can hope that we still are missing lots of mild cases even among the older age groups.
 
Downeastnc said:
There would be no paying it back, hell I am not even sure if it is taxed as earned income, though leave it to the US government to tax tax money they are giving as emergency funds to help stave off economic hardship.
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The 2008 stimulus checks didn't require repayment, and weren't treated as taxable income on individual 2008 tax returns.
 
Auto makers are going to be closing for two weeks Ford is already
 
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