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[email protected] gfretwell@aol.com is offline
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First recorded activity by BoatBanter: Jul 2007
Posts: 36,387
Default Think we screwed up

On Sat, 4 Apr 2020 12:31:54 -0400, "Mr. Luddite"
wrote:

On 4/4/2020 12:16 PM, wrote:
On Sat, 4 Apr 2020 08:08:39 -0400, "Mr. Luddite"
wrote:

On 4/4/2020 2:51 AM, Mr. Luddite wrote:
On 4/3/2020 9:43 PM,
wrote:


On Fri, 3 Apr 2020 16:47:48 -0400, "Mr. Luddite"
wrote:

$600 trillion dollars

How do you get from $2.2T to $600T?


It's how it has been explained by many.Â* It's leveraging the
base of 2.1T to what it will end up being.

It's beyond my head to try to explain it.




whoops ... got trigger happy with the 0's

Meant to say $6T


I agree that may be an accurate number by the time Stimulus II gets
here. Nancy is already getting it ready and I imagine it is a rehash
of the bill that got shouted down last month.



Based on what I've heard several lawmakers say, the $6T number will
end up being what is spent under the $2T bill they just passed.
I don't completely understand how that will happen but that's
what some are saying.

A bill this big will have back end expenses not in the original
appropriation. 3X is scary but who knows. Things like how much of the
PPP debt gets forgiven will push that number up but I suspect there
are other time bombs in there.

THey should hold off on any more spending on this until we see
what results the current bill produces.


I think they may be looking at another $1200 check if this kicks out
into May. The bill won't be that clean tho. Nancy will try to pack in
things like the airfare tax and the election insanity.


Those who are calling for the Fed Government to "fix" everything
apparently don't realize how horribly inefficient the Fed is to do
*anything". Individual states have much better means to get
help to those who need it.

Plus, that's how our system of government is supposed to work.
The fed can provide help and $$ but it is **** poor in
managing it's distribution simply due to it's size, inertia
and bureaucratic structure.

Cuomo is getting away with doing things with less official
"authority" than the POTUS can. Anything Trump tries to do
is met with lawsuits and negative blasts from Congress led
by Pelosi and others.

Cuomo would take every mask, glove and ventilator in the country if we
let him.