General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI do not oppose the 1 trillion dollar stimulus payments, but I have a question.
Where are we getting the money? Can someone educate me? The IRS just pushed tax due date back 90 days from April 15th.
Thanks.
Dawson Leery
(19,348 posts)fleabiscuit
(4,542 posts)Game rules. Probably why the "Matrix" movies resonate with me.
Eyeball_Kid
(7,432 posts)that he was going to take back the 1+ Trillion in tax breaks to the 1% and use it for the stimulus package?
NO?? So he wants to increase the debt to 2 trillion and still give the wealthy a huge tax break???
And we SHOULD ask, as you did: Where are we getting the money? Who will pay down the debt? Or will Mnuchin keep printing the money until it's worth absolutely nothing?
mitch96
(13,912 posts)We're good for it, right???
m
MoonlitKnight
(1,584 posts)So, borrow a trillion pay back 900 billion. Its the right thing to do.
Lets borrow another trillion for infrastructure. That spending will kick in once we get past the virus and we need to do it anyway.
nitpicker
(7,153 posts)(snip)
23m ago
15:08
Stimulus plan costing $1 trillion is in consideration as Senate moves to pass Phase 2 relief bill
During a closed-door lunch with Republican Senators, treasury secretary Steven Mnuchin proposed a stimulus plan that would cost up to $1 trillion. The plan includes $250bn of direct aide to Americans, with a number of Republican senators telling reporters theyd prefer that to tax cuts.
(snip)