Congress has been busy handing out our money – to us. Only we’re too stupid to realize that it’s our own money, or that it will have to be repaid (or worse, we think that someone else will be forced to foot the bill for us – aka, the “rich”):
Congress passes stopgap bill to avoid government shutdown; coronavirus relief deal reached
A couple of choice tidbits from the above-referenced article:
House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer, D-N.Y., said in a joint statement their goal is to “crush the virus and put money in the pockets of the American people.”
Only I don’t see anywhere in the Constitution where it is the function of Congress to put money into our pockets – particularly money they have to borrow from us.
…the deal is expected to include $600 checks to most Americans…
Why?? If people are working like normal, what the hell is the government doing paying them a bonus? Don’t people realize that this is THEIR OWN MONEY being doled out to them by the government? Don’t they realize that the government has borrowed this money, money that they will eventually be required to repay? I wonder how many people would take these checks if they were presented as a loan rather than a bonus? Because in reality that’s what these payments are – a loan, plain and simple. And one day that loan will come due.
According to congressional leaders, the agreement would establish temporary $300 per week supplemental jobless benefits…
Extending unemployment benefits is a reasonable action to take, so long as the money used to pay these benefits is recouped through unemployment insurance premiums when the crisis ends. But increasing the amount of unemployment payments by $300 – which amounts to an additional $7.50/hour NOT to work – is absurd. The unemployment insurance system should pay only the benefits it would normally award, but extended the period for benefits as a result of the coronavirus pandemic. That is a reasonable response to the pandemic – not bonuses for being unemployed.
Stop the absurdity before it’s too late; there is no such thing as free money. We’ll eventually pay for all this spending with lost jobs (from overtaxing businesses) and/or lost wages (from lost employers and overtaxed workers).