LogFAQs > #936367002

I'm willing to call both sides out, and unlike most, I'd rather get nothing and not add 2 trillion to our deficit this year, then end up increasing our national debt by 20% or more.

I do think we need to offer relief to those who are not able to work, but, there is an easier way to do it that doesn't involve owing china another 5 trillion dolllrs.

First you halt all mortgages for the duration of the outbreak, second you halt all rental paments as well (along with the current cease and desist on any evictions which already have kinda effectively done that). Third you halt all property taxes collected until this ends.

This effectively makes rent free for the duration.

Stage 2, you provide food stamps for everyone (not free money, just free food) and you supplement the farmers etc to produce that food cheaply. This would cost WAY less than giving everyone $1200.

Waving property taxes and mortgages (along with all rental costs) would also include all buisinesses, so most of the overhead fo them would be gone, solving the problems they are having currently. There would still be some loss, and that could be dealt with by giving tax credits at the end of the year for companies that are out money due to the virus.

The only reason to really borrow extra money is to buffer our health care system and get more supplies but honestly we should be able to do that already, without taking out a loan basically.

We can't do anything about the 1.5 trillion they already blew trying to save the stock market, but we COULD prevent spending another 2 trillion dollars on this relief package.

This is not free money people, we (or more likely future generations/our kids etc) are going to have to pay it back eventually. We already were having a deficit each year of 1.1 trillion dollars or so and have been for a long time, that was already pretty bad, but adding over 5 trillion to it in 1 year......it's likely to have a direct effect when this is over basically.

What is that effect? Well, before we were spending about 1/3 more then we were taking in, pretty bad, but china etc was letting it slide. When this ends if we owe 25 trillion or more (or the value of the dollar drops because of "creating" more money, so the 20 trillion we owe is now actually 25 trillion, we could go from spending 1/3 more, to having to spend 50% as much as we have been each year to pay back what we owe.

That would probably also include higher taxes for everyone in order to compensate for that etc. The basic point is we have to pay that back somettmes, and we are basically already 20+ years in arrears if we HALVED how much we spend every year so we can pay back 1 trillion a year (instead of increasing out debt by 1 trillion).

That is a whole generation already who could grow up while paying back what their parentt/grandparents built up as debt:(

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