Mac-7
Diamond Member
- Oct 9, 2019
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New big screen tv’s here they comeThey’ll use it to pay off debt – resulting in no economic stimulus.If everyone is at home hiding under the bed the store shelves will be emptyWASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin warned Republican senators on Tuesday that the country’s unemployment rate could hit 20% if they failed to act on a proposed coronavirus rescue package and there was lasting economic damage, a person familiar with the closed-door meeting said.
Mnuchin met with senators to persuade them to pass a $1 trillion stimulus package that would send cash to Americans within two weeks and backstop airlines and other companies. The Senate is majority-controlled by President Donald Trump’s fellow Republicans.
Mnuchin Reportedly Warned Senators Of 20% Unemployment Without Coronavirus Rescue
Hopefully the stimulus money will go to people who need and deserve it - not just corporations.
so what will people spend the money on?
Internet porn? Paying rent? Groceries? Medicine? Paying utility bills?