$600 is a joke

The so-called stimulus bill that just passed will be providing American families with $600. Total. Not per week, not per month. One time. How much do you think that will do to stimulate the economy?

Food banks are being strained beyond capacity. Tens of millions of Americans are out of work. Many businesses are being shut down because of the stay at home orders to slow the spread of Covid.

And the government came up with $600.

Specifically, Mitch McConnell decided that you would only get $600.

The same Mitch McConnell who was OK with the $1.9 trillion cost of the Trump tax bill. Mitch also found a lot more money in current this bill to allow businesses to deduct their “3 martini lunch.”

If we wanted to truly stimulate the economy, give every American household $10,000. With 122 million households, that would cost around $1.2 trillion. Think about the financial security that would provide to so many people right now. And don’t believe Republican “deficit hawks” who are clutching their pearls about such a massive amount. They have certainly shown the ability to stomach such large amounts when it goes for massive tax cuts for corporations and the ultra-wealthy.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s