McConnell Opposes $1,400 Stimulus Checks Because He Thinks People Could Stop Working

[ttwtt78640]

I disagree with your premise. Let the economy run unassisted which in turn will change the current political environment

That would be a rather foolish move by the congressional demorats now enjoying a (potentially temporary) political advantage. They are in a position whereby they can borrow from (in the name of?) the people and offer “free” (not supported by current taxation) perks to the people. Note that we have yet to see any of their promised increased taxation of “the rich” (the donor class?) to pay for their compassionate generosity.

 

[ALiberalModerate]

Yes

I think it's too much money a year to get 1400 stimulus checks, but it's not rich.

 

[ttwtt78640]

160k a year is rich to you?

My girlfriend and I now live on almost $32K/year (from our combined SS retirement incomes) and $160K/year is substantially higher than the current median household income (about $65K/year). I would not call any lower to mid 6 figure annual income “rich”, but $160K/year is certainly worthy of being called financially well off with increased potential to become more wealthy.

 

[EMNofSeattle]

To people struggling, a 1000$ may as well be a million, but to realists, a million dollars may be impossible to manage economically.

no it’s not. It’s 100 hours of unskilled labor at the most. That’s perfectly obtainable for nearly anyone.

It certainly is better than prayer and bullshit, dont you think? Lol, wait, what am I saying? You are that Christian guy who can't wait for poor people to default on their houses so you can profit. Aint no saving you.

if 1000 dollars changes your life you have very poor money skills or you live somewhere you can’t afford.

now to be fair, the liberal democrats have made houses unaffordable with a combination of environmental activists and third world chain migration, but those issues will never be addressed even though the majority of Americans want fewer immigrants because the left needs more voters.

 

[ALiberalModerate]

My girlfriend and I now live on almost $32K/year (from our combined SS retirement incomes) and $160K/year is substantially higher than the current median household income (about $65K/year). I would not call any lower to mid 6 figure annual income “rich”, but $160K/year is certainly worthy of being called financially well off with increased potential to become more wealthy.

I don't disagree, but it's not rich. It really depends on where you live too. 160k a year is pretty good in much of the South and Midwest. Not so much in parts of the coasts due to crazy housing costs.

 

[ttwtt78640]

I don't disagree, but it's not rich. It really depends on where you live too. 160k a year is pretty good in much of the South and Midwest. Not so much in parts of the coasts due to crazy housing costs.

Where we have chosen to live, our (guaranteed) nearly $32K/year income is adequate. Our rent is currently $318/month, for about 1/3 acre with an old (1960’s) 2 BR, 1 bath single-wide, and will soon drop to $268/month when we will pay only lot rent (for about 1/2 acre).

The median income for a household in the city was $30,714, and the median income for a family was $31,875.

Uhland, Texas - Wikipedia

en.wikipedia.org

 

[OrphanSlug]

What you seem to be ignoring is that CPI inflation is based on a basket of goods and services. One should also consider that the federal MW is essentially an on-the-job training wage afforded to (reserved for?) entry level, low skilled workers (currently less than 3% of the US workforce - that temporary condition is not intended to be a career condition of employment.

Productivity is very difficult to measure and depends on many factors other than the skill or effort of a given worker.

For example, a cashier is much more productive using a computerized cash register system (provided by their employer) which “knows” the price and identity of each item by incorporation of a bar code scanner compared to a cashier who is deprived of that (employer provided) system, yet that deprived cashier must be able to recognize each item purchased and enter its price making their job much harder (requiring more skill and effort). In addition to being a cashier, the cashier using the (employer provided) computerized system is also (indirectly) updating inventory records, but requiring no more effort (work?) on their part to become much more productive.

That may not have been a perfect example, but was intended to show that working “smarter”, rather than “harder”, increases production, but may not require a more skilled worker or more effort by that worker. In fact, the opposite may be true - the worker needs fewer skills and less effort to take advantage of the (investment made in) tools and/or equipment provided by their employer.

What you seem to be ignoring is CPI never was nor can be intended to be a perfect all inclusive instrument of inflation nor behavior from it, which speaks directly to productivity.

More importantly CPI is just a sampling of the basket of goods and services, and does not compare well to all the goods and services produced or consumed year to year then decade to decade. That presents blind spots when the math assumes weighted averages for one set of goods and services yet the economy sees another spending pattern.

Worse, CPI completely ignores substitution so any calculation based entirely on CPI alone gives you blind spots.

No economist would suggest we base every economic influence or distortion based on one math routine using one variable.

 

[SCrider]

McConnell Opposes $1,400 Stimulus Checks Because He Thinks People Could Stop Working


Senate Minority Leader Mitch McConnell on Wednesday explained that he's opposing the $1,400 stimulus checks in President Joe Biden's $1.9 trillion economic relief bill due to concerns that the payments could stop Americans from working.

In an interview with Fox News, McConnell predicted that Democrats will unite and soon push the American Rescue Plan through Congress.

"At the end of the day, my guess is they all fall in line and it'll pass, with every single Democrat for it and every single Republican against," he said.

Asked by host Martha MacCallum whether he thinks the $1,400 would prevent "some people from wanting to work," McConnell said that was a concern that informed his position to oppose the direct payments.


"There is a concern about making it more advantageous to stay home rather than going back to work," the Republican leader said. "If we could do it all over again, we—meaning Republicans—may offer an alternative that we think fits the situation. And it's considerably less than $1.9 trillion. Five, maybe $600 billion, which is still an enormous amount of money."

Source


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Yes I'm sure having one month of rent or less paid out in a check will make everyone stop working. What a clown.

Total ****ing idiocy that the right believes. Moscow itch would not had said that if he did not know how many cons believe that back at home.

He's much rather give that money to corporations than to help individuals.

 

[ttwtt78640]

What you seem to be ignoring is CPI never was nor can be intended to be a perfect all inclusive instrument of inflation nor behavior from it, which speaks directly to productivity.

More importantly CPI is just a sampling of the basket of goods and services, and does not compare well to all the goods and services produced or consumed year to year then decade to decade. That presents blind spots when the math assumes weighted averages for one set of goods and services yet the economy sees another spending pattern.

Worse, CPI completely ignores substitution so any calculation based entirely on CPI alone gives you blind spots.

No economist would suggest we base every economic influence or distortion based on one math routine using one variable.

While that (bolded above) may be true, you have (so far) not presented any (numerical) basis at all - you have just alluded to having hunches or theories which indicate that entry level workers should be paid more than the current median hourly wage.

 

[Metric Mouse]

Your refusal to accept my answer isn't a rebuttal. They were attempting to compromise.



Just because Republicans refuse to negotiate does not mean Democrats didn't try.



Such rabid dishonesty. Unemployment enhancement is already $300. The only ones who voted to slash benefits were the Republicans who voted no across the board.



In the Senate bill, they kept unemployment enhancement as is while making the first $10k of UE benefits tax free. This still goes back to the house where they have enough votes to send it back to the Senate. Americans are up against the clock, and for the record....

Republicans do not want to help Americans. This bill might not be good enough to temper your fake outrage, but Democrats are voting to help the American people.

Yeah, I didn't think that you would have a good reason why Republicans voted last year for $600 UE benefits and Democrats voted to slash them from $400 to $300. Blaming Republicans who didn't even vote for the bill is dishonest and awful. It's the ACA all over again; Dems claiming they want single payer universal healthcare, and then blaming Republicans when Democrats pass expanded health insurance. Garbage.

 

[Kushinator]

Yeah, I didn't think that you would have a good reason why Republicans voted last year for $600 UE benefits and Democrats voted to slash them from $400 to $300.

You're being dishonest on the basis of partisanship alone. Or is it just a reading comprehension deficiency? Id argue it's a little of both.

Blaming Republicans who didn't even vote for the bill is dishonest and awful.

It's not my fault you refuse to adhere to reality, although it is comical watching you squirm to such a degree. Republicans don't want to help the American people.

 

[Metric Mouse]

You're being dishonest on the basis of partisanship alone. Or is it just a reading comprehension deficiency? Id argue it's a little of both.




It's not my fault you refuse to adhere to reality, although it is comical watching you squirm to such a degree. Republicans don't want to help the American people.

So you're saying Democrats are as bad as Republicans? I think that we can agree. Passing a $300 UE benefit was a spit in the face when Democrats have complete control, and shows just what they think of desperate unemployed people.

I never said Republicans wanted to help; I said they passed better UE benefits last year. You're the one claiming Dems are better, even though they voted to slash benefits to give six figure households thousands of dollars. It's comical watching you blame the people who didn't vote for the bill for the garbage that is in the bill.

 

[Kushinator]

So you're saying Democrats are as bad as Republicans? I think that we can agree. Passing a $300 UE benefit was a spit in the face when Democrats have complete control, and shows just what they think of desperate unemployed people.

No. But continue to squirm. It's the best you can offer.

It's comical watching you blame the people who didn't vote for the bill for the garbage that is in the bill.

You've lost this exchange. And given you've refused to do so with dignity... you may have the last word.

 

[Metric Mouse]

No. But continue to squirm. It's the best you can offer.



You've lost this exchange. And given you've refused to do so with dignity... you may have the last word.

No, the American people lost this exchange by trusting Democrats who claim $15/hour is a minimum living wage, but then vote to pay desperate people half that. Garbage.

 

[zimmer]

McConnell Opposes $1,400 Stimulus Checks Because He Thinks People Could Stop Working


Senate Minority Leader Mitch McConnell on Wednesday explained that he's opposing the $1,400 stimulus checks in President Joe Biden's $1.9 trillion economic relief bill due to concerns that the payments could stop Americans from working.

In an interview with Fox News, McConnell predicted that Democrats will unite and soon push the American Rescue Plan through Congress.

"At the end of the day, my guess is they all fall in line and it'll pass, with every single Democrat for it and every single Republican against," he said.

Asked by host Martha MacCallum whether he thinks the $1,400 would prevent "some people from wanting to work," McConnell said that was a concern that informed his position to oppose the direct payments.


"There is a concern about making it more advantageous to stay home rather than going back to work," the Republican leader said. "If we could do it all over again, we—meaning Republicans—may offer an alternative that we think fits the situation. And it's considerably less than $1.9 trillion. Five, maybe $600 billion, which is still an enormous amount of money."

Source


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Yes I'm sure having one month of rent or less paid out in a check will make everyone stop working. What a clown.

Communists like to stay home. They like to feign work... for if communism was such a great ideology, it would have created paradise instead of the 3rd world shithole misery it spreads everywhere it goes.

You ever been to or worked in a former Communist shithole? I have. Multiple times. The stories about their pretending to work are legendary... and the perversion... poison it has spread will take a century to undo... if they’re lucky.