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MartyLife

ยาเม็ดสีแดงหรือสีฟ้ายา?
Feb 7, 2020
1,840
1,623
Karma: Still alive and well:



Namaste
 

Freeloading Rusty

Here comes Rover, sniffin’ at your ass
Jan 11, 2016
26,916
26,589
4 injured in shooting at Dallas sports bar after men not allowed in due to COVID-19 restrictions
Dallas police said three men were shot and a woman was hit by shrapnel when someone opened fire outside a sports bar in North Oak Cliff Saturday night.

The shooter was reportedly among three men who were turned away from Harris House of Heroes II sports bar, just before midnight, because the establishment was at full capacity.
 

MartyLife

ยาเม็ดสีแดงหรือสีฟ้ายา?
Feb 7, 2020
1,840
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ThatOneDude

Commander in @Chief, Dick Army
First 100
Jan 14, 2015
35,382
34,124

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
48,430
60,437
According to the University of Chicago's Becker Friedman Institute, roughly 2/3 of workers on unemployment have received more in aid than what they earned at their most recent job.

We are paying people to NOT WORK. And that's exactly what they are doing: NOT WORKING.

I took the long way in to work this morning so I could drive by businesses. I counted 17 NOW HIRING signs.

The fact that Washington is even considering extending this through 2020 is fucking insane.
 

Sheepdog

Protecting America from excessive stool loitering
Dec 1, 2015
8,912
14,224
According to the University of Chicago's Becker Friedman Institute, roughly 2/3 of workers on unemployment have received more in aid than what they earned at their most recent job.

We are paying people to NOT WORK. And that's exactly what they are doing: NOT WORKING.

I took the long way in to work this morning so I could drive by businesses. I counted 17 NOW HIRING signs.

The fact that Washington is even considering extending this through 2020 is fucking insane.
If you take away those benefits and the stimulus payments, the US economy is going to collapse. Businesses will not be able to survive the drop in demand and financial institutions will not be able to survive the defaults.

This is just basic economics.
 
M

member 3289

Guest
If you take away those benefits and the stimulus payments, the US economy is going to collapse. Businesses will not be able to survive the drop in demand and financial institutions will not be able to survive the defaults.

This is just basic economics.
Federal unemployment assistance ($600/week on top of what your state pays) dried up last Saturday with no replacement plan approved by Congress.

States are probably still paying out unemployment, but most states don't pay more than $500/week (Mississippi pays a low of $235 and Massachusetts pays a high of $823).

It'll be interesting to see what happens. I feel for the people who have now lost more than half of what they were getting in unemployment assistance.
 

Sheepdog

Protecting America from excessive stool loitering
Dec 1, 2015
8,912
14,224
Federal unemployment assistance ($600/week on top of what your state pays) dried up last Saturday with no replacement plan approved by Congress.

States are probably still paying out unemployment, but most states don't pay more than $500/week (Mississippi pays a low of $235 and Massachusetts pays a high of $823).

It'll be interesting to see what happens. I feel for the people who have now lost more than half of what they were getting in unemployment assistance.
They might cut it down a little, but they will still be relative generous with it. They will make a deal. Trump's only strength as a Republican President is that he does have a very basic understanding of economics - some of this understanding is retarded, but it is still more than most politicians - and he calls himself the 'King of Debt'. So he knows his re-election chances are dependent on him throwing money from helicopters. He doesn't give a single fuck if he quadruples the deficit, and for once his self-interest aligns with the best policy.

And while Republican politicians might be deficit dipshits, their Wall St donors aren't. Wall St is demanding stimulus, so the American people will continue to get it.

This is where Australia is completely fucked. Even our centre-left politicians are deficit terrorists.
 

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
61,177
56,521
They might cut it down a little, but they will still be relative generous with it. They will make a deal. Trump's only strength as a Republican President is that he does have a very basic understanding of economics - some of this understanding is retarded, but it is still more than most politicians - and he calls himself the 'King of Debt'. So he knows his re-election chances are dependent on him throwing money from helicopters. He doesn't give a single fuck if he quadruples the deficit, and for once his self-interest aligns with the best policy.

And while Republican politicians might be deficit dipshits, their Wall St donors aren't. Wall St is demanding stimulus, so the American people will continue to get it.

This is where Australia is completely fucked. Even our centre-left politicians are deficit terrorists.
Giving away money is not the best policy. What it actually does is ruin the economy through inflation. This is actual basic economics.
 

Sheepdog

Protecting America from excessive stool loitering
Dec 1, 2015
8,912
14,224
Giving away money is not the best policy. What it actually does is ruin the economy through inflation. This is actual basic economics.
Yeah mete, inflation has been off the charts ever since the US government started deficit spending.

I'm talking about actual basic economics. Not the nonsense that retards think is economics.
 

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
61,177
56,521
Yeah mete, inflation has been off the charts ever since the US government started deficit spending.
Oh, then we should definitely just keep doing it.

I'm talking about actual basic economics. Not the nonsense that retards think is economics.
No, you're actually not. You're talking about picking economic winners and losers with money in the interest of getting votes. Don't know about Australia, but at the rate things are going in Canada, by the time this is over the middle class will be gone entirely.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
48,430
60,437
If you take away those benefits and the stimulus payments, the US economy is going to collapse. Businesses will not be able to survive the drop in demand and financial institutions will not be able to survive the defaults.

This is just basic economics.
Without workers, there is no US economy.

That is just basic economics.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
48,430
60,437
Of course there is. You can just print worthless money. It's basic economics.
If supply continues to get pinched, and people continue to get money to live comfortably without working, we are headed for trouble.

It's a recipe for inflation.
 

BeardOfKnowledge

The Most Consistent Motherfucker You Know
Jul 22, 2015
61,177
56,521
If supply continues to get pinched, and people continue to get money to live comfortably without working, we are headed for trouble.

It's a recipe for inflation.
Don't know about down there, but throughout all this Chinese investors have been loading up on residential property up here. They've driven up prices here around 25% in about 6 months.
 

Sheepdog

Protecting America from excessive stool loitering
Dec 1, 2015
8,912
14,224
Oh, then we should definitely just keep doing it.



No, you're actually not. You're talking about picking economic winners and losers with money in the interest of getting votes. Don't know about Australia, but at the rate things are going in Canada, by the time this is over the middle class will be gone entirely.
Without workers, there is no US economy.

That is just basic economics.
Don't know about down there, but throughout all this Chinese investors have been loading up on residential property up here. They've driven up prices here around 25% in about 6 months.
If supply continues to get pinched, and people continue to get money to live comfortably without working, we are headed for trouble.

It's a recipe for inflation.
Genuine LOL.
 

Yossarian

TMMAC Addict
Oct 25, 2015
13,485
19,123
If supply continues to get pinched, and people continue to get money to live comfortably without working, we are headed for trouble.

It's a recipe for inflation.
We are already there, it just hasn't hit us yet. Printer ink must've been in high demand the way they printed money. Even before this covid, they've been postponing a recession by printing money for a while now.