Tuesday, 5 May 2020

The 'Free' Money Chatter

So it continues on, with the push (primarily by the Democrats) to start up a monthly 'check' of $2,000 to every American....16 years or older, who makes less than $130k a year.

Got some kids?  $500 a month for each kid (up to 3).  If you had nine kids?  Well, you'd be screwed.

How long would this go on?  The basic idea is six months of 'free' money.

The one key thing that stands out?  Well, CBO has not analyzed the total cost package and you have to figure that six months of this....would go up near a trillion dollars.

Odds of passing?  No one is really saying much about that.  Getting past the House is not the problem....convincing the Republicans in the Senate to agree to this, or getting Trump to sign the document....that's another story.

I suspect in the end.....some agreement will occur, but the amount goes down to $1,000 per American, it halts after three months, and if you make more than $40k a year....you get nothing.

But lets go to the max fantasy....a family of five (two kids over 16), and they are getting $8,500 a month.  Basically, if this were me.....I'd take that six month period off and just find a good cheap hotel deal in Vegas for six weeks out of that, and maybe tour Arizona for another six weeks.  In effect, I wouldn't worry about working. 

No comments:

Post a Comment