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TOP ECONOMISTS CALL FOR RECURRING STIMULUS CHECKS UNTIL COVID 19 SUBSIDES

A group of 156 economists published an open letter this week urging the federal government to provide lasting stimulus checks to American households until the nation's economy fully heals from the coronavirus-induced recession.

"Direct cash payments are an essential tool that will boost economic security, drive consumer spending, hasten the recovery, and promote certainty at all levels of government and the economy – for as long as necessary," the economists wrote.

WHAT WILL THE NEXT VIRUS RELIEF BILL LOOK LIKE? CONGRESS MULLS STIMULUS CHECKS, BACK-TO-WORK BONUSES

The letter was published by two advocacy groups: the Economic Security Project, which pushes for universal basic income, and the Justice Collaborative, which fights for reforms to the justice system. Notable signatories include Jason Furman, a former senior economic adviser to President Barack Obama and Claudia Sahm, a former Federal Reserve economist.

If the government sends cash payments to Americans until the crisis recedes, it will help to boost consumer spending, which accounts for roughly two-thirds of the nation's GDP, the broadest measures of goods and services produced in the country.

TRUMP BACKS SECOND STIMULUS CHECK, BUT SOME DEMOCRATS, REPUBLICANS WEARY OF ANOTHER PAYMENT

Even as businesses begin to gradually reopen from the economic lockdown and jobs start to return -- the Labor Department's jobs report last week showed that employers hired 4.8 million idled workers in June, and the unemployment rate dropped to 11.1 percent -- demand will continue to lag if individuals don't have money to spend, the economists wrote.
 


Analysis banner

  • Millions of Americans remain out of work due to the pandemic. But a wave of federal assistance through unemployment benefits and stimulus checks has kept many afloat and out of poverty.
  • It's also given the economy a much-needed boost at a pivotal time.
  • "You give lower income people money and they're spending all of it, which is the biggest economic boost," Amanda Fischer, policy director at the Washington Center for Equitable Growth, told Business Insider.
 
Tens of Millions have lost their jobs, 200,000 should not have died and thousands of employers are going out of business all due to the GOP negligence of the right wing radical anti american GOP.

I say COVID 19 has been in America much longer than America was advised. Which brings forward the obvious question “ How long has COVID 19 been allowed penetrate the USA population?”

Trump said he lied to prevent panic -



Pay MORE Stimulus Money! IT'S PATRIOTIC!!!! = SMART USE OF TAX DOLLARS!

The employed did not ask the government to treat the coronavirus threat as if there was no reason for concern. As a result COVID 19 came upon us and is not going away. Meanwhile the GOP government is still advising no need to worry all will be swell. Yet 200,000 have died.


Why is Capitol Hill funneling billions upon billons of tax dollars from the COVID relief fund to white collar industries as we speak? This is reckless use of our tax dollars. White collar wealthy do NOT need bailed out.


Elected officials pay themselves more than $3,370 per week ( $174,000-$194,000 annually) plus a variety of expense accounts = Over rated and over paid!

We taxpayers should receive stimulus money @ $ 2000 twice a month until further notice to spend in the economy = economic growth. WE know how to keep small business employers in business and we know that we create economic growth with our spending which in effect creates new jobs and secures existing jobs.

We taxpayers should receive stimulus money @ $ 2000 twice a month to spend in the economy which would assist to insure job security and plenty of economic growth. Home improvement, tires, food, mortgage or rent, books, school supplies, winter coats, shoes, utility bills, medical bills etc etc. After all tax dollars do belong to the taxpayers.

Unemployed workers should also receive $600 per week. Perhaps until workers are called back to work or new employment is found that pays a part time living wage @ $33,000 annually or a full time living wage @ $64,500 annually.

Reckless decisions by the GOP government has put tens of millions out of work plus thousands of employers out of business..

The employed did not ask the government to treat the potential coronavirus threat as if there was no reason for concern. As a result COVID 19 came upon us and is not going away. Meanwhile the GOP government is still advising no need to worry all will be swell.

No one knows when COVID 19 will go away. Therefore government assistance should remain in place until further notice. Subjecting the nations once employed work force or for that matter any of us to congressional irresponsible behavior every few weeks is not acceptable.

Taxpayers are a credible investment for they will see that the tax dollars get back into the economy pronto aka the practical approach.

Taxpayers are an investment thus provide strength to the economy = best bang for our tax bucks. I'm sure the lions share of unemployed taxpayers would rather be receiving a paycheck instead of unemployment insurance.
 
Bring it on = the absolute most fiscal responsible action the conservatives can do or have done in the past 40 years. Their borrow and spend, borrow and spend, borrow and spend Supply Side Wreckanomics has never paid back the middle class who have been forced to fund Supply Side Wreckanomics......... a fake formula for which a working model cannot be produced.

Whereas many noted the positive economic impact the the first stimulus package provided.
 


Analysis banner

  • Millions of Americans remain out of work due to the pandemic. But a wave of federal assistance through unemployment benefits and stimulus checks has kept many afloat and out of poverty.
  • It's also given the economy a much-needed boost at a pivotal time.
  • "You give lower income people money and they're spending all of it, which is the biggest economic boost," Amanda Fischer, policy director at the Washington Center for Equitable Growth, told Business Insider.

The People's Bailout is about 40 years late .......
 

A group of 156 economists published an open letter this week urging the federal government to provide lasting stimulus checks to American households until the nation's economy fully heals from the coronavirus-induced recession.

"Direct cash payments are an essential tool that will boost economic security, drive consumer spending, hasten the recovery, and promote certainty at all levels of government and the economy – for as long as necessary," the economists wrote.

WHAT WILL THE NEXT VIRUS RELIEF BILL LOOK LIKE? CONGRESS MULLS STIMULUS CHECKS, BACK-TO-WORK BONUSES

The letter was published by two advocacy groups: the Economic Security Project, which pushes for universal basic income, and the Justice Collaborative, which fights for reforms to the justice system. Notable signatories include Jason Furman, a former senior economic adviser to President Barack Obama and Claudia Sahm, a former Federal Reserve economist.

If the government sends cash payments to Americans until the crisis recedes, it will help to boost consumer spending, which accounts for roughly two-thirds of the nation's GDP, the broadest measures of goods and services produced in the country.

TRUMP BACKS SECOND STIMULUS CHECK, BUT SOME DEMOCRATS, REPUBLICANS WEARY OF ANOTHER PAYMENT

Even as businesses begin to gradually reopen from the economic lockdown and jobs start to return -- the Labor Department's jobs report last week showed that employers hired 4.8 million idled workers in June, and the unemployment rate dropped to 11.1 percent -- demand will continue to lag if individuals don't have money to spend, the economists wrote.
 
Bring on the bog bucks for the 99% to be their most effective
 
efficient and fiscally responsible use of tax dollars IF corporate subsidies are removed
 
WHERE ARE THE FISCAL CONSERVATIVES??????????????????
 
I see two choices:

1. Give the American people a monthly $1200 check and bankrupt the Treasury, or
2. Give them nothing, keeping the Treasury from going bankrupt, and letting the country slide into a 30's style Depression on steroids with the Trumpvilles, tens of millions in tent camps, 10-mile-long bread lines (if there IS any bread) and rampant India-style poverty, slums and broken utility supply chains and no health services.

Pick your poison.
 
Bring on the Stimulus NOW! What could break the Treasury are more and more tax cuts for the few that never pay back = dumb economics!
 
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