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| "Covid" Relief Bill (Page 4/6) |
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OH10fiero
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DEC 30, 07:31 PM
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| quote | Originally posted by maryjane:
Not exactly true... that, or, they were openly lying to the public about it.
One or the other. Or both.
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Given how many times the bill went back and forth between the House and the Senate if they did not know what was in it was because they did not bother to read it at any point in time over more than a years times frame they debated over it. Or like you said they lied about not knowing.
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randye
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DEC 31, 06:08 AM
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Received two direct deposits for "Covid relief" yesterday.
The weird part is the effective date of the deposits.
It almost seems like the gooberment is "hedging their commitment" as they can pull back that deposit any time before the effective date.
I have the "pay me early" option since I maintain the requisite balance amounts on deposit with this bank but I never use it.[This message has been edited by randye (edited 12-31-2020).]
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rinselberg
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DEC 31, 03:04 PM
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Economic relief. It's a SNAP.
Martha White for NBC News; December 23, 2020.
https://www.nbcnews.com/bus...oost-bargin-n1252299
It's not a long article. Here are the four paragraphs that I think are the most summary:
| quote | The $13 billion boost in food stamp benefits in the new coronavirus aid bill isn't some kind of giveaway to people who are poor — it's some of the best stimulus government money can buy. . . .
Every dollar spent on SNAP turns into $1.73 in economic activity, compared to $1.36 for every dollar spent on federal aid to state governments and $1.29 for every dollar allocated for a payroll tax holiday, according to Moody's Analytics researchers.
Meanwhile, cutting the corporate tax rate yields a paltry 30 cents per dollar. . . .
The U.S. Agriculture Department found that SNAP spending has 10 times the job-creation impact of other transfer payments or federal expenditures, particularly in rural areas. |
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maryjane
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DEC 31, 04:17 PM
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It's not "government money''.
It's taxpayer's money. It belongs to those that earned it.
A $13 billion lesson in how to buy votes.
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Jake_Dragon
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JAN 01, 06:28 PM
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| quote | Originally posted by maryjane:
It's not "government money''.
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Its only as good as the paper they print it on.
Anyone like redheads?
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sourmash
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JAN 01, 06:57 PM
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I do! I do!
It's really not even taxpayer's money. It's banker's debt added onto the debt taxpayers are backstopping for the nation. None of it's earned.[This message has been edited by sourmash (edited 01-01-2021).]
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cliffw
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JAN 02, 10:19 AM
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| quote | Originally posted by rinselberg:
Economic relief. It's a SNAP. |
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Martha White for NBC News; December 23, 2020.
https://www.nbcnews.com/bus...oost-bargin-n1252299
It's not a long article. Here are the four paragraphs that I think are the most summary:
| quote | Originally claimed by rinselberg:
The $13 billion boost in food stamp benefits in the new coronavirus aid bill isn't some kind of giveaway to people who are poor — it's some of the best stimulus government money can buy. . .
Every dollar spent on SNAP turns into $1.73 in economic activity, compared to $1.36 for every dollar spent on federal aid to state governments and $1.29 for every dollar allocated for a payroll tax holiday, according to Moody's Analytics researchers. |
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| quote | Originally posted by rinselberg:
Gee. I didn't take physics in kindergarten. Perhaps you can explain it to us.
Meanwhile, cutting the corporate tax rate yields a paltry 30 cents per dollar. . . |
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Perhaps you are speaking of the government spending economy,  ?
| quote | Originally posted by rinselberg:
The U.S. Agriculture Department found that SNAP spending has 10 times the job-creation impact of other transfer payments or federal expenditures, particularly in rural areas.[/SIZE] |
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I guess you believe anything NBC (non believable crap) posts. Do you even think check what you are fed ?
| quote | Your linky
Marc Jones, CEO of Homeland Stores, a chain of 80 grocery stores in Oklahoma, Kansas, Texas and Georgia, said his "food stamp business has increased noticeably" since the pandemic began. |
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More people can't work due to the panic demic shutdowns and qualify for Food Stamps. Where is all this job creation ?
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rinselberg
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JAN 02, 11:12 AM
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| quote | | Extending UI [Unemployment Income] and expanding food stamps [SNAP] are the most effective ways to prime the economy’s pump. A $1 increase in UI benefits generates an estimated $1.64 in near-term GDP; increasing food stamp payments by $1 boosts GDP by $1.73 (see table). People who receive these benefits are very hard- pressed and will spend any financial aid they receive within a few weeks. These programs are also already operating, and a benefit increase can be quickly delivered to recipients. |
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"Assessing the Macro Economic Impact of Fiscal Stimulus 2008"
Mark M Zandi for Moody's; January 2008.
https://www.economy.com/mar...ulus-Impact-2008.pdf
Some 12 years have passed since that was written (1Q 2008), and now there's the Covid pandemic, but I think there's enough community between that moment and this moment to give the federal Supplemental Nutrition Assistance Program or SNAP a "thumbs up."
Many people are working, even in the parts of the country where the Covid restrictions are the most severe.
That was from Moody's. What more do you want? The Motley Fool?[This message has been edited by rinselberg (edited 01-02-2021).]
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williegoat
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JAN 02, 11:30 AM
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rinselberg
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JAN 02, 12:07 PM
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What(ever) he said. Austan Goolsbee. He's my point man on all of the economic policy-related issues.
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