President Putin/Musk, trump considering giving taxpayers 5k
- Thread starter kurt cloverdales
- Start date
I mean, bring it on, but couple of questions. What's the catch? And, weren't Trumpers railing against stimulus checks the past 4 years? Claiming they were the cause of global inflation. This should be a non starter for pretty much every Trump supporter. It will be interesting to see the acrobatics and goal post moving on this one.
Someone needs to remind Trump he won the election already. Every interview feels like he's still trying to win people over.
Giving everyone $5k would be a disaster
Now this would be inflationary, BBC. However, it still probably wouldn’t get us near 9% again if they limited it to households.
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I don't think we got 5k combined when all the stimulus was going on and we have kids.
Oh I agree with that...I don't think it should even be considered but if some politicians thought it would gain them votes they would vote for it.
If my memory is correct the last stimmy round one was 1400 per person in the household.
I have never gotten a stimulus checkI'm sure you wouldn't accept it.
he loves campaigning, it's his favorite part of politics, he has no knowledge or desire to govern. this 5k is just a smokescreen for Musk until he extracts everything he wants. no f ing way it's going to happen
Where is this being reported? First I've heard of it and it's not showing in any of my news sources this morning that I can see.
*Edit. Better link.
Musk Mulls Sending All Americans $5,000 Checks Using DOGE Savings
“Will check with the President,” billionaire Elon Musk replied to a tweet proposing a refund check to taxpayers funded by DOGE’s savings.
www.forbes.com
My Amish cabinet maker had 15k worth of checks that he sent back to the government. Their bishop put the red light on those checks.
I don’t support this simply because I think the government has better ways to spend the money.
However, I don’t see it as a “nonstarter” or “disaster” in view of the fact the government gave more than that to EV buyers and in Colorado the state is constitutionally required to give money back if revenue exceeds certain limits. Alaska gives royalties to its citizens for oil sales. Inflationary? Could be but that is a matter of degree and depends on other factors also. What are big problems I’m missing?
Sweet. Bring it on. Us working poor bastages need some relief from all the taxes we're paying... er... uhm... nevermind.
Me either and I didn't deserve one. There were lots of people who got one that didn't deserve them. In my case both my wife and I get pensions.... COVID didn't have an effect on our income at all so why should I get one. And a person could have had 5 million dollars in savings and as long as their income was less than a certain amount they got one...STUPID,
I could be mistaken, but don't think that I am, but I believe that "paying down our debt" isn't possible because US bonds aren't "callable." Meaning that if I buy a treasury bond, they're not able to pay me off early like a person does with a credit card bill. The best they can do is either balance the budget for the next 20 years & end up even when interest payments & principal falls of the ledger or maintain a surplus to cover bigger spending in the future when macroeconomic factors call for stimulus.
Those checks will help inflation...and by that I mean helping inflation gain strength.
And I'll bet they don't give it back in a fair fashion. For example, Indiana gave money back a few years ago and it was a set amount and had nothing to do with what you paid. In other words, a person could have paid $10 in state tax and another one paid $10,000 and they both got the same amount back.
No Treasury bonds aren't callable, but considering our deficits that's irrelevant. Any cost savings would just reduce the amount of new debt issue needed
Isn’t refinancing and extending bonds an ongoing process? If we paid a bond instead of extending it the debt would be paid down.
I don’t support this simply because I think the government should spend LESS money.
But bonds are being cashed in all the time. More money in Treasury means they issue fewer new bonds, and total debt goes down (or goes up more slowly).
That's what I mean by keeping a balanced budget for 20 years where the principal and interest falls off the ledger.
But it's not like we could have an annual surplus of $500B and use it to literally pay down some of the 30 some trillion in debt. We just wouldn't add to it. It's a quaint idea.
