Letter I am sending my congress critters about Trump's $1000.00 check

[ribrepin]

I am writing in regards to the coronavirus that is hitting our country right now. I think there are good people trying to get control on the medical side, however; I am concerned about the workers who are losing jobs in the economic upheaval. I am quite troubled by the Trump administration plan to send everyone a $1000.00. I see nothing but chaos and a huge opportunely for fraud. The Republicans want to tack on a huge bail out for business as well. If history is any guide, it will go for executive bonuses, private planes and such.

I propose instead that the government work with private lenders and government to provide a moratorium on payback on loans for individuals and business. The months of moratorium would be tacked onto the loan at the end. This is much less expensive solution and would allow workers to use their unemployment for food and utilities until we get through this crisis.

[stopbush]

1. I don't like it.

Don't like your idea one bit.

[ribrepin]

2. Why don't you like it?

[stopbush]

3. Loans?

The government is shutting down workplaces, robbing people of their ability to earn an income. People are not out of work by choice. The government is imposing these restrictions and they are directly responsible for the loss of income.

The government needs to REPLACE that lost income, not offer a loan that needs to be paid back at a later date. Offering a loan means that the income lost during this period - no matter how long - will never be recovered by the wage earner.

Look at it this way for a person making $60k a year:

Worker loses $5000 a month due to government shutdown. They’re out two months = loses $10,000.

Government/bank loans him $10,000 interest free

When he goes back to work, he now earns only $50,000 for the year, because the loan needs to be paid back.

Bad idea. Very bad.

[ribrepin]

5. What I meant was a moratorium on mortgages and rents

not a loan, but the payments you skipped would be tacked at the end. No extra interest. Not sure about rent, but nobody should have to worry about a place to live during this time.

[stopbush]

8. But people would still be losing income that would never be replaced.

No, the solution is to simply send everybody money and add it on to the deficit.

[SamKnause]

4. Not everyone gets unemployment.

Fuck loans unless they are at 0% like the big banks get.

We should have a moratorium on mortgage and rent payments.

This country is not interested in helping the masses.

The proof is the mess this country is in.

Income inequality has decimated the masses.

The majority live from paycheck to paycheck.

[ribrepin]

7. I don't mean a loan

but a moratorium on mortgage and rents. I've watched the financial coverage and they are chopping at bit to tack on a rescue package for business.

[SmartVoter22]

6. Fraud? You are not reading the bill(s).

Over 90% of the money would be direct deposited using the tax records for the individual.
If the person has the cash, how can fraud be part of your guess. By guess I mean that people would not be evicted? loans go into default? kids are fed?

Businesses would only get loans, with strings attached preventing stock buybacks, bonuses, etc.
You are guessing that this bill is the same and the 2008 bailout. It is not even close.

[ribrepin]

9. Everything Trump touches is choas

The bill Turtle is presenting includes Tax Cuts for Corporations.