XPost: sac.politics, alt.california, ca.politics   
   XPost: ny.politics, nyc.politics   
   From: Intelligent@savetheworldmsn.com   
      
   You know the Government spending only goes into the Interest Rate and   
   Inflation.   
   There is no Federal debt in America in a sense, as the Federal Reserve can   
   write   
   off the bonds it buys from Congress, and inflate the currency and the interest   
   rate, both of which are near zero, presently.  We own the Federal Reserve.   
      
   We do want to invest in infrastructure and schools.  We do want to be able to   
   get   
   a job tomorrow if we're unemployed.  But we can't let our countrymen suffer and   
   die to Coronavirus.  We can't build the economy on the backs of the poor and   
   starving, and now those suffering to Coronavirus.  Only two things matter in   
   this   
   sense: Coronavirus, and the Economy.   
      
   Who cares about the American people?  *All* the American people?  And who's   
   best   
   for the economy?  George Bush Jr. and Barrack Obama gave us crap economies.    
   Bill   
   Clinton's campaign slogan "It's the economy stupid!" was delivered upon.  As   
   has   
   Donald Trump.   
      
   It's interesting to read, the different responses to the Pandemic, politicians   
   in   
   the House and Senate have floated:   
      
   https://en.wikipedia.org/wiki/U.S._federal_government_response_t   
   _the_COVID-19_pandemic#Speculative_proposals   
      
      
   "On March 13, 2020, Democratic House Representatives Ro Khanna and Tim Ryan   
   introduced legislation to provide payments to low-income citizens during the   
   crisis via an earned income tax credit. The U.S. House Committee on Financial   
   Services released a stimulus proposal on March 18 in which the Federal Reserve   
   would fund monthly payments of "at least $2,000 for every adult and an   
   additional   
   $1,000 for every child for each month of the crisis".  On March 18,   
   Representative   
   Rashida Tlaib proposed similar legislation which would involve sending   
   pre-loaded   
   $2,000 debit cards to every American, with $1,000 monthly payments thereafter   
   until the economy recovers. On April 14, Khanna and Ryan introduced legislation   
   with 18 Democratic co-sponsors which would provide $2,000 in monthly payments   
   to   
   16-year-old and older Americans making less than $130,000 a year.  House   
   Representative Ilhan Omar has presented legislation that would cancel rent and   
   home mortgage payments for a year.  More recently, Representatives Tlaib and   
   Pramila Jayapal have proposed giving Americans $2,000 a month until the crisis   
   ends and $1,000 a month for a subsequent year. Representatives Madeleine Dean   
   and   
   Don Beyer suggest a one-time $1,500 payment possibly to be followed by $1,000   
   quarterly payments. On May 8, Senators Bernie Sanders, Ed Markey, and Kamala   
   Harris presented a plan for $2,000 payments to Americans making less than   
   $120,000   
   annually for up to three months after the crisis ends.  Nancy Pelosi has   
   endorsed   
   some form of guaranteed monthly income.  On May 15, the House passed a $3   
   trillion   
   bill which would provide one-time $1,200 payments for individuals making less   
   than   
   $75,000 annually, but Mitch McConnell and members of his caucus have pegged it   
   as   
   "dead on arrival" in the Senate.  On July 31, the House passed a $1.3 trillion   
   package which Politico writes "has no shot in the Republican-controlled Senate   
   and   
   President Donald Trump has already threatened to veto it."   
      
   President Trump has floated using the low interest rates to invest in   
   infrastructure, including roads, bridges, and tunnels (but specifically   
   excluding   
   the initiatives of the Democratic Party's Green New Deal). Pelosi has made   
   similar   
   proposals, suggesting broadband and water projects be included.   
      
   Both Republican and Democratic governors have called for $500 billion in   
   unrestricted federal aid to state governments, which are losing billions of   
   dollars in tax revenue due to business closings. Existing aid to states was   
   restricted to specific programs, mostly direct costs related to the pandemic,   
   which faced delays being disbursed, and some of which may need to be returned   
   due   
   to restrictions on how it could be spent. Congressional Democrats attempted to   
   negotiate state aid into federal relief packages.  In response to a question   
   from   
   a radio talk show host, Mitch McConnell said he would instead support states   
   going   
   bankrupt (which would require Congress to change the bankruptcy code),   
   prompting   
   criticism from both Democratic and Republican elected officials, including   
   Republican governors.   
      
   On May 5, New York representative Carolyn Maloney introduced a bill in the   
   House   
   which would cancel the student loan debt of healthcare workers.  Senator   
   Elizabeth   
   Warren has proposed eliminating student loans altogether.   
      
   On August 18, Republicans floated a $1 trillion bill which seeks to codify and   
   fund Trump's $300 weekly unemployment insurance from August (being provided   
   retroactively) through December, establish liability protections, provide $105   
   billion in school funding, $10 billion for the U.S. Postal Service, as well as   
   help fund the PPP.  According to The New York Times, this smaller bill is   
   unlikely   
   to draw support from Democrats.  Senate Republicans were expected to present a   
   $1.3 trillion bill the week of September 8, which CBS News reported would   
   focus on   
   "children, jobs and liability protections for small businesses." On September   
   10,   
   a $500 billion Republican bill was voted on in the Senate, receiving a 52–47   
   majority, but failing to receive the 60 votes needed to move forward."   
      
   --- SoupGate-DOS v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)