Current Events > House Democrats Unveil COVID-19 Relief Plan

(+) Yeah! (+)

https://twitter.com/maxberger/status/1240458828107386881?s=20

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Sounds good

Republicans: This is unamerican

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Suspension of payments for credit cards seems like a bad idea.

People will definitely go on a shopping spree.
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~$600 billion per month, wowza.

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that's socialism

Damn_Underscore posted...

Suspension of payments for credit cards seems like a bad idea.

People will definitely go on a shopping spree.

its for people who cant pay due to the virus. if others want to be reckless thats on them.
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Damn_Underscore posted...

Suspension of payments for credit cards seems like a bad idea.

People will definitely go on a shopping spree.

That's the only thing I find suspect.

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Damn_Underscore posted...

Suspension of payments for credit cards seems like a bad idea.

People will definitely go on a shopping spree.

Those people will be broke after the suspension is lifted

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I might actually be able to pay off my student loans if this passes

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More money for me to get while doing nothing? I'm all for it. Can't wait to buy some stuff I don't really need.

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I don't NEED this as I have a good amount of savings...but it will help my brother who is already barely making ends meet before the crisis. And several family members had coworkers I know who are out of jobs because of this.

And a lot of people who are already fucked before this by our broken ass college/medical systems.

It will certainly be nice getting the free money though especially as my hours just got slashed. My savings will increase instead of decreasing

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2k a month. I will take it hopefully the GOP try to one up them and go 3k.

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i will use any money I get to pay off my two credit cards. With my wife and I, we would pay off in debt in two months.And if its a suspension of mortgage payments and not a deferral Im just saving any money

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E32005 posted...

its for people who cant pay due to the virus. if others want to be reckless thats on them.

This. If they want to be stupid then go ahead. They'll still have to pay it back in the end

If they suspended interest on debts as well a lot of people would get out of the hole quick with extra money.

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I could take care of all my wife and I's outstanding medical bills before they sue and garnish my wages like they did when I was younger.
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Damn_Underscore posted...

Suspension of payments for credit cards seems like a bad idea.

People will definitely go on a shopping spree.

It's a suspension, not a forgiveness. It's basically saying you dont have to pay now and there wont be any penalties but once this is over then you still gotta start paying back again. If people were going to go on a spree because of this then they were going to go on a spree anyway because it's really no different than how credit cards typically work, they're just giving you more time
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This would be utterly lifesaving to people

Anyone who votes no against this should 100% be voted out in November.

wtf they on right now?

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That's a good package to address the problems of individuals. Good start, hope they get it done quickly.

Little did America know Andrew Yang had seen the future and it involved UBI. Imagine if he was still running right now. I'm not even really in favor of UBI except as a replacement of other services but it seems like this is the only way to get through this right now.

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Damn_Underscore posted...

Suspension of payments for credit cards seems like a bad idea.

People will definitely go on a shopping spree.

Oh no, spending is the opposite thing we need in this stagnating economy.

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nice

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I'm 19 but have never been employed. I'm a student. Do I get money or nah

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How will they determine when the "crisis" is over?

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Sariana21 posted...

How will they determine when the "crisis" is over?

Presumably when the State of emergency is lifted.

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Fuck the homeless assistance part. Sorry, but if you don't contribute to society for a valid reason such as mental health you don't deserve help. No, drug addicts and alcoholic's should not get a free ride for being awful.

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JustMyOpinion posted...

I'll believe it when I see it. My wife and I getting $4k a month when we both have jobs we won't lose doesn't sound like something that will happen.

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PIITB415 posted...

Fuck the homeless assistance part. Sorry, but if you don't contribute to society for a valid reason such as mental health you don't deserve help. No, drug addicts and alcoholic's should not get a free ride for being awful.

Yeah we should have dead bodies pile up on the streets. That'll learn 'em

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Damn_Underscore posted...

Suspension of payments for credit cards seems like a bad idea.

People will definitely go on a shopping spree.

They do realize that it is only suspended during the crisis and you will still have to pay it back when it is over right?

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PIITB415 posted...

Fuck the homeless assistance part. Sorry, but if you don't contribute to society for a valid reason such as mental health you don't deserve help. No, drug addicts and alcoholic's should not get a free ride for being awful.

What an awful post

I'll believe it when I see it

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Damn_Underscore posted...

Suspension of payments for credit cards seems like a bad idea.

People will definitely go on a shopping spree.

That's assuming they already posses cards with decent credit limits and likely the bank wont be handing ANY out now within the next few months.

And if they do still the limits will probably be very low and exempt from increasing.

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PIITB415 posted...

Fuck the homeless assistance part. Sorry, but if you don't contribute to society for a valid reason such as mental health you don't deserve help. No, drug addicts and alcoholic's should not get a free ride for being awful.

They can get infected with COVID-19. They could spread it. It's better for the population as a whole if they get off the streets and be quarantined.

[LFAQs-redacted-quote]

I'm thinking it'll be easier and more efficient to give everyone the money as opposed to trying to filter out who doesn't need the money and who's still working. Plus, the goal is to get people to spend money to keep the economy moving. As someone who still has his job, we should be fine.

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Really good, very good, too good to be true lmao

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AlephZero posted...

~$600 billion per month, wowza.

Don't worry. We can borrow it from China.


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I don't even need it and I would probably cry if this passed. Just based on the life saving effect this would have on millions of people. It would be like manna from heaven.

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I really don't get the credit card part at all. If you're getting $2000 free money you don't need the ability to accumulate more credit card debt to get through this. If you're saying it's for payments on debt they already owe, then I have to wonder how much in debt they are in that the $2000 a month won't get them through their minimum payments. You are either very wealthy or already bankrupt.

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Money is not going to be worth anything by the end of all this. The toilet paper would be worth more than your dollar bill.

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I just wish they would tell lenders to refinance loans without income requirements. We always pay on time and can technically continue to do so, but lower payments sure would be nice while my husband is unemployed (not because of the virus, but still. And our "safety net" of investments took a huge hit).

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$2k is a lot of money, and hearing they may shut down my restaurant that is going to keep me afloat.

Tbh government is coming up with decent plans, but they acted too late.

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This probably ain't ever gonna happen and if it does they'll fuck it up

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So 2k/adult and 1k/child. I'll be honest, I'd feel kind of bad taking 7k/mo from the government when I don't really need it.


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Oh, looking at it again, Pelosi would shoot it down before Republicans even get a chance to vote on it.

Because "millionaires and billionaires don't need free money " (according to what her PR guy tweeted).

Taxpayers bout to preorder my PS5

cmiller4642 posted...

Taxpayers bout to preorder my PS5

the economy will thank you for your contribution

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if that passes, americans are gonna be pissed when things go back to normal

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26.Temporary Ban on Stock Buybacks and Dividends. This provision would impose a temporary ban on corporate stock repurchase activities and paying dividends until the impacts of the coronavirus on the American financial system have ended to ensure that companies are using their excess cash to pay workers, shore up their bottom lines, and invest in their communities.

This is good.