@ChuckMK23 I stand corrected, my math was off. I fat fingered another 0.
But the answer is not giving out more money. It's opening the country. Getting people back to work will give money to spend.
We as a country can't really afford the $# trillion we've already spent. Plus the states are all demanding more bailout money for their loss of revenue. $1.5 trillion more to the people, another $1.5 trillion to the states, etc. Where does it end.
At least one idiot on here said the Feds print the money, they can just print more. That's pure bullshit (look at the hyperinflation after WW1 in Germany when the German government tried this).
Pre-COVID, Congress argued over whether the U.S. could afford $25 million here or $1 billion there. Now they wrote $30 trillion in checks in the last 2 months and you want them to write another $1.5 trillion.
Doing this is not only fucking over today's taxpayer, it's fucking over tax payers for generations to come.
Plus again there is the fairness issue. "Live within your means". People with $100,000 means and living within their means have just as many financial problems as people with $65,000 means living within their means.
I've always lived well below my means so I am doing fine financially during this lock down. But instead of making max monthly pay and picking up some premium pay on top of that, I'm making minimum guarantee. I've taken a huge pay monthly pay cut but I can live with it. But there are many in my situation that can't. In Hawaii, public schools suck. Many of our pilots devote a huge portion of their income to private schooling their kids. Many have wives that also work to be able to afford those private schools. Their combined incomes were over $65,000. But now they are making minimum guarantee, their wives are laid off and they still have to pay that private school tuition because although school is cancelled, the private schools say they still have overhead to pay and online courses to conduct. They are hurting. Many are depleting savings and going in debt. Where two months ago they had plenty of excess income above their needs and were "living within their means", they are now going deeply into debt. Why shouldn't they be bailed out just like someone making $65,000 is bailed out?
You're right, we are a consumer economy and the solution is to get the economy open. The solution is not giving away money especially not giving it away based on an arbitrary ceiling that in no way reflects the actual need.