Oh my god the amounts these people want to put in the stimulus is insanity more zeros than can go around the earth basically im looking at the plan now its insane !!!! 1119 pages here is a few pages
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Feel free to reply to any comment by clicking the "Reply" button.Yup. Obama tried to stimulate the economy with more money than had ever been tried in history, and the end result was the worst economy in the history of the US. Why didn't that work? For one thing, private sector spending is at least twice as effective as government spending in terms of what is called the "Money Multiplier." Even leftist economists admit that. Cutting taxes to zero temporarily not only benefits growth of the economy, it keeps working long after a one time or even a two cash gifts. Everyone who has ever held an annuity knows this.
TimTuolomne
Level 9
Mar 23, 2020
0
@JVIP-WTPNN Ask yourself where the stimulus would come from. (Hint: 9 trillion in Federal debt.)
@JVIP-WTPNN. The stock market is sanctioned betting, and the horses are companies. A race is held every day whether or not the economy is doing well, and they make money betting on good news AND bad news.
Our total national debt is now 23 trillion, and the stock market was at its highest just before the virus.
The 9 trillion was Obama's. Equal to the National Debt acquired in the entire history of the US before that.
And the debt institutionalized by the Democrats in Congress has automatically increased 5 trillion since Obama. Trump is trying to stop that.
Republicans still are not much help.
And taxpayers still are on the hook to pay off that debt, no matter what the stock market does.
@JVIP-WTPNN. All true. Easy to verify.
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