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The IRS will begin issuing monthly stimulus checks to families starting in July

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MULTIZ321

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The IRS will begin issuing monthly stimulus checks
to families starting in July.




Richard
 

rickandcindy23

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Our son and daughter-in-law will be getting $6,600 from the government. You don't want to know my opinion on this "stimulus."
 

easyrider

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Kind of odd is I'm for all regular people stimulus. The reason is that regular people have never had stimulus of these types or magnitude while the very wealthy have become wealthier through all types of incentives, tax breaks, grants and stimulus.

I think these recipients will spend this new money and it will benefit the economy.

Some argue that this will add to the tax payer burden and it will but I doubt that the National Debt is ever paid off because of how the system is set up.

Bill
 

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Kind of odd is I'm for all regular people stimulus. The reason is that regular people have never had stimulus of these types or magnitude while the very wealthy have become wealthier through all types of incentives, tax breaks, grants and stimulus.

I think these recipients will spend this new money and it will benefit the economy.

Some argue that this will add to the tax payer burden and it will but I doubt that the National Debt is ever paid off because of how the system is set up.

Bill

:ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO:
 

MrockStar

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Kind of odd is I'm for all regular people stimulus. The reason is that regular people have never had stimulus of these types or magnitude while the very wealthy have become wealthier through all types of incentives, tax breaks, grants and stimulus.

I think these recipients will spend this new money and it will benefit the economy.

Some argue that this will add to the tax payer burden and it will but I doubt that the National Debt is ever paid off because of how the system is set up.

Bill
It was paid off during President Clintons 2nd term in office.
 

joestein

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It was paid off during President Clintons 2nd term in office.

The budget was balanced and we had a surplus, but the debt itself was not paid off. I dont believe it ever got below $5 Trillion. However, we were on our way to start to pay it off before Bush II massively reduced taxes. And then of course the war, the crash, etc..

Now they all spend like drunken sailors.

Joe
 

bbodb1

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It was paid off during President Clintons 2nd term in office.


If accurate, this paints a slightly different picture.
 

Roger830

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The Clinton administration benefited from a technology boom already in place that made the rich richer with stock options and capital gains, thus more tax revenue..

Companies and individuals bought and networked pc's which caused a boom in local area networks and the internet. Also companies upgraded legacy computer systems prior to year 2000 because the systems only used two digits for the date. The boom was over when Bush took office.
 

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I know a family that simply chooses not to work. Their parents bought them their new home. They just got a check for $7K from this program and continue to not work. The problem with these programs is they incentivize people not to work.
 
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Mongoose

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Kind of odd is I'm for all regular people stimulus. The reason is that regular people have never had stimulus of these types or magnitude while the very wealthy have become wealthier through all types of incentives, tax breaks, grants and stimulus.

I think these recipients will spend this new money and it will benefit the economy.

Some argue that this will add to the tax payer burden and it will but I doubt that the National Debt is ever paid off because of how the system is set up.

Bill
The reason the wealthy become wealthier is because they invest their money and put their capital at risk for the potential reward. The "regular" people as you say won't get wealthier with one time checks they spend. They need to invest in their future.
 

MrockStar

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If accurate, this paints a slightly different picture.
Thanks bdob1 for affirming the facts as stated.
 

MrockStar

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The Clinton administration benefited from a technology boom already in place that made the rich richer with stock options and capital gains, thus more tax revenue..

Companies and individuals bought and networked pc's which caused a boom in local area networks and the internet. Also companies upgraded legacy computer systems prior to year 2000 because the systems only used two digits for the date. The boom was over when Bush took office.
A rising tide floats all boats. :thumbup:
 

HitchHiker71

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It was paid off during President Clintons 2nd term in office.

Not even close LOL. You're conflating debt with deficit. The last time the US national debt was paid off was under Andrew Jackson's presidency in 1835:


Here's the national debt chart from 1990-2020:

1618865887604.png
 

HitchHiker71

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Some argue that this will add to the tax payer burden and it will but I doubt that the National Debt is ever paid off because of how the system is set up.

Bill

It absolutely will when the USD is no longer the world reserve currency - which is likely coming much sooner than anyone expects (likely within ten years at most). Once that happens, and we lose the ability to endlessly inflate the money supply via QE, we will default on US debt. It's a question of when, not if.
 

joestein

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It absolutely will when the USD is no longer the world reserve currency - which is likely coming much sooner than anyone expects (likely within ten years at most). Once that happens, and we lose the ability to endlessly inflate the money supply via QE, we will default on US debt. It's a question of when, not if.

As much as we have messed up our finances, the rest of the world is worse. So we are Awesome (with a capital A) in comparison.

Even if we are no longer the world reserve currency (I am not so sure that I agree with you) - We will not default. We can just print money to pay it off.
 

Mongoose

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As much as we have messed up our finances, the rest of the world is worse. So we are Awesome (with a capital A) in comparison.

Even if we are no longer the world reserve currency (I am not so sure that I agree with you) - We will not default. We can just print money to pay it off.
You print the money like that and eventually its valueless. There are many lessons of this through history.
 

"Roger"

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I know a family that simply chooses not to work. Their parents bought them their new home. They just got a check for $7K from this program and continue to not work. The problem with these programs is they incentivize people not to work.

I am sure that there are people for whom this is true. On the other hand...


FYI ... I am not entirely in favor of the stimulus checks. However, I am not about to paint with a broad brush.
 
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