Biden unveils $1.9 trillion economic and health-care relief package

[Coachbombay]

More upward redistribution of wealth marketed as the opposite? Shocking.

[Boxman]

Where is the trillion dollars coming from, the moon?

... I guess it will come from the same place that the money came from for the Republicans' bulls*t unnecessary Iraq invasion, which cost us $3 trillion (and counting).

Of course, we all know the real answer (more national debt), but isn't it interesting that Republicans never bat an eye when far larger amounts of $$$ are pissed away on wars, to say nothing of our rediculously bloated military budget, which is very close to exceeding $1 trillion annually, which doesn't even include the additional costs of all our wars and interventions; that's just yearly maintenance of our gigantic military.

I'm no fan of the Democrats obviously, but I have to call you conservatives out on your intellectual dishonesty. If you want to call yourself an economic conservative, at least be consistent about it.

[MisterDiapers]

... I guess it will come from the same place that the money came from for the Republicans' bulls*t unnecessary Iraq invasion, which cost us $3 trillion (and counting).

Of course, we all know the real answer (more national debt), but isn't it interesting that Republicans never bat an eye when far larger amounts of $$$ are pissed away on wars, to say nothing of our rediculously bloated military budget, which is very close to exceeding $1 trillion annually, which doesn't even include the additional costs of all our wars and interventions; that's just yearly maintenance of our gigantic military.

I'm no fan of the Democrats obviously, but I have to call you conservatives out on your intellectual dishonesty. If you want to call yourself an economic conservative, at least be consistent about it.

when they say wars "cost" 3 trillion it means that money is coming from an already agreed upon budget and is being spent within the US military complex which employees millions of people. Much of the money and productivity is then staying in the system by appreciation of these military contractor stocks like boeing lockheed, etc. Much different than just printing money and giving it to people via check.

also 3T was over the course of like 15 years, so $250B a year on top of the military budget. Not just ripping 1.5T in a month like right now

[OttomanEmpire]

Isn't the interest on your debt alone reaching heights where it'll be too hard to even keep up with it?

[CR89RA]

**** Biden the racist liberal bastard .

[ghostfacedup]

Biden is going to push for amnesty and increased immigration during a pandemic and economic crisis lmao

[Johnez]

Make sure to note that they are also wanting to increase minimum wage to $15/hr through this bill...



Target can afford it... Small businesses in your community will not be able to.

My coworkers: "they'll probably exclude small businesses"
Me: "Walmart pays $15, small business pays $10....who you gonna work for?"

This is going to wreck small businesses and LCOL areas everywhere. HCOL areas already have $15 min wage. Economics not even once....

[Boxman]

when they say wars "cost" 3 trillion it means that money is coming from an already agreed upon budget and is being spent within the US military complex which employees millions of people. Much of the money and productivity is then staying in the system by appreciation of these military contractor stocks like boeing lockheed, etc. Much different than just printing money and giving it to people via check.

also 3T was over the course of like 15 years, so $250B a year on top of the military budget. Not just ripping 1.5T in a month like right now

To be fair, this "stimulus package" will also be spent over a multi-year period (probably 4 years), and will also be circulated into the wider economy, much of it going to workers in the same way that military spending trickles down to soldiers, civilian contractors, etc. However, since military spending includes so many ultra capital-intensive items, the trickle down effect is actually less than a typical stimulus package. For example, when you spend $2 billion to build a B-2 stealth bomber whose construction only ends up employing a relative handful of people, most of that money just goes to the shareholders and upper management of companies like Northrop Gruman, Boeing, etc.

So you could easily argue that economic stimulus spending is better for the overall good of the nation, especially if it includes infrastructure projects that employ much larger #'s of people compared to capital intensive military items.

Now, this new bill from Biden is mostly just welfare checks, but I remember conservatives throwing a similar fit over the Obama stimulus in 2009, which DID employ a ton of construction workers and such. The same conservatives who supported the Iraq War and big military spending in general.

[ChaliHo]

Goldman says they need 60 votes, so some Republicans will have to sign on and thus it'll likely be cut down.

I saw Marco Rubio was on board.

[iloveus]

Isn't the interest on your debt alone reaching heights where it'll be too hard to even keep up with it?

We already can't keep up with it

[iloveus]

My coworkers: "they'll probably exclude small businesses"
Me: "Walmart pays $15, small business pays $10....who you gonna work for?"

This is going to wreck small businesses and LCOL areas everywhere. HCOL areas already have $15 min wage. Economics not even once....

I'd rather work for small businesses at $10/hr than Walmart at $15/hr

Have you seen the people at Walmart?

[ghostfacedup]

And amnesty to illegals during an economic crisis!!!! Brilliant!!!

[isingmodel]

Brrrr. Buy BTC!

[Firefightn24]

Getting rid of these insane health care premiums would help people. Pre-ACA costs.



Thanks Obama.



















JK you suck.

[KhaosRises]

Where is the trillion dollars coming from, the moon?

Economics not even once with this retard.