Don't forget it is really $6 trillion; $6,000,000,000,000
The dems say never let a crisis go to waste. The next $2T will have more crap in it from Nanny Pee.It's not just about $1200 checks.
$500 billion in loans and guarantees to businesses, state and local governments.
$350 billion in loans for small companies with 500 employees or fewer, including nonprofits.
$260 billion for unemployment insurance.
$150 billion for grants to hospitals, public and nonprofit health organizations and Medicare and Medicaid suppliers.
$150 billion in aid to state and local governments.
That's the real big stuff... plus a ton of other categories from $45 billion to down to $100 million.
Democrats are already talking stimulus #2.
While I agree there will be fraud, I don't think it will be rampant. You have to have actually filed for state unemployment to get the extra Fed money. In PA your employer has to submit information to the state, saying that you are laid off, along with payroll history info, so they know how much to pay you. Fraud would require both the person claiming unemployment and their employer to conspire to cheat the system.Fraud will be rampant. With three million losing their job in just one week the system will be overwhelmed. No one will be checking who is legitimately unemployed. Money will flow like water from a firehose.
In Trump's $2.3 trillion party package you don't even have to be eligible for state unemployment benefits. Trump is giving it away to contractors and freelancers.While I agree there will be fraud, I don't think it will be rampant. You have to have actually filed for state unemployment to get the extra Fed money.
Hey Bob,It is amazing to me, to see all the greedy people, even on this Forum, who imediately think of this as .....PAID VACATION!!!!! The American people can't even use the money for what it is intended.......as relief from, being laid-off!!!!! The way that I see it: All of them are just.....GREEDY BASTARDS!!!! nbvoALOkufO;mcp9 Bob
Exactly. I’m self-employed and still have work, for now. My wife stays at home. Two kids. We all get checks.In Trump's $2.3 trillion party package you don't even have to be eligible for state unemployment benefits. Trump is giving it away to contractors and freelancers.
Fraud will be rampant across the board, particularly with small and family business. Family members collecting Trump checks every week while still working. System will be overwhelmed... no one at the state or federal level is going to check.
At this point government really doesn't care. They're just trying to throw a lot of dollars at consumers so they spend. Remember Nancy Pelosi? The best way to create jobs is with an unemployment check.
At least it doesn't expressly allow illegals to collect benefits. Wouldn't be surmised to see it in stimulus #2.
Exactly. I fully expect them to find some reason not to give it to those of us who have been working and paying taxes - INCLUDING unemployment insurance taxes - for 40 years or more.just show me the money....! I'll believe it when I see it!?
In Tennessee we get $11/day for jury duty. Tump will pay us $600/wk to drink beer at home. I'll take option B.In some places it’s government forcing people to stay home. In that case, they owe those businesses reasonable compensation. Surely it’s a form of eminent domain.