Fed checks arrived on time

[BuzzH]

The people I'm referring to aren't making more just drawing unemployment.
They're making more with unemployment combined with the stimulus check.
There probably should have been a cap when the two are combined.

Do you feel the same way about capping multibillion "too big to fail" companies to $1200 stimulus checks and an additional $600 a week for 4 months to help them get by? How much of the 2.2 trillion that Congress passed and Big Daddy signed, is going to the working class and how much is going to corporate bailouts?

So for one week, when a working class family, out of work through no fault of their own, get an $1800 bounce, for one week, combined with say an average of $500 a week unemployment...those greedy people that lost their jobs are in high cotton? Really?

Nobody wants to talk about the massive cuts to corporate tax rates, the 350 billion given to businesses right now if they continue to pay their employees (that's going to run out of money today and, true to form the bigger the "small" business get priority)...but lets focus on a working class family that gets a whopping $1200 stimulus check.

It just leaves me shaking my head that people can be so callous toward hard working fellow Americans...and we call ourselves a Christian Nation?

Pardon me...but with the responses I see to some of these issues, I really have my doubts. Its kick people when they're down and then stomp on their throats...all because those "freeloaders" who lost their jobs get $1200 to cover their job loss from a worldwide pandemic.

This whole situation makes me sad and does nothing to restore my faith in "humanity"...

 

[Bonecollector]

Buzz
I believe you’ve taken the argument or gravity of the situation much further than this thread intended. I agree with some of your points.
However folks were crying for handouts 1 week into this ‘pandemic’.
Forr the record, I’m very well versed in the finance and banking arena. I know and understand the ‘guts’ of this thing as well as you understand the Montana wildlife outlook. And that is a compliment sir.

Accountant by trade
Bank SVP & Director

 

[BuzzH]

How do you feel about this?

‘It’s a complete abomination’ says Wall Street money manager about hedge funds applying for bailouts from small-business recovery funds

The Bloomberg News article makes the case that hedge funds, which tend to charge 2% fees for managing other people’s money and take 20% of the profits from...

www.marketwatch.com

Pretty tough for me to throw shade at people that lost their jobs and get $1200 with this kind of stuff going on...but hey, that's just me.

 

[Winchester]

Buzz
I believe you’ve taken the argument or gravity of the situation much further than this thread intended.

Yes, I second that.

 

[BuzzH]

Buzz
I believe you’ve taken the argument or gravity of the situation much further than this thread intended. I agree with some of your points.
However folks were crying for handouts 1 week into this ‘pandemic’.
Forr the record, I’m very well versed in the finance and banking arena. I know and understand the ‘guts’ of this thing as well as you understand the Montana wildlife outlook. And that is a compliment sir.

Accountant by trade
Bank SVP & Director

I agree with you, sad that multimillion/billion dollar companies had their hands out that quickly and don't have enough liquid assets to cover expenses and pay their employees for a few weeks.

I also do have pretty big soft spot for folks that work their tails off at low paying jobs then get punched in the face by some, when they accept a $1200 check that probably barely covers their rent and heat bill for a month.

 

[kidoggy]

I don't really disaprove of those who take the money. well, not some of them anyhow .

I disapprove of the government that hands it out !

1. it is not their money to give!

I am not eloquent enough to say it well but Crockett summed it up nicely. a bit long but well worth the read!

Davy Crockett's Famous Speech Against the Welfare State ...
eurofolkradio.com/2015/11/17/davy-crocketts-famous...



2. it is not the function of a government to be a charity! that's what charities are for ! the #1 function/purpose of government is to protect it's citizens from those who would steal what they own or do them harm!
any government which provides charity is nothing more then a thief! and it is doing it's citizens harm!

that way people have a say in who get's the money ,THEY, deem fit to hand out, out of the genorousity of their hearts.

and the government is denied the ability to enslave it's citizens through bribery.


I disapprove of any who rob peter to pay paul!

 

[Winchester]

Thx Kid, I guess that's about what I was trying to say.
I have no issue with people getting unemployment and/or stimulus checks … that's great!
But when the amounts combine and total more than they were making originally I think that gets into the territory of a free hand out.
Money for nuthin' so to speak.
I don't think that's ever a wise policy.

 

[Hilltop]

For those who have lost their jobs during this time, I agree the money will help. I believe the number of unemployment claims was up to 22 million recently. My question is why pay the other 200+ million people the same money? Find a way to help those that need help instead of just throwing handouts (that we will be paying back) to everyone.

 

[kidoggy]

For those who have lost their jobs during this time, I agree the money will help. I believe the number of unemployment claims was up to 22 million recently. My question is why pay the other 200+ million people the same money? Find a way to help those that need help instead of just throwing handouts (that we will be paying back) to everyone.

I understand peoples desire to try and help. I am just fervently opposed to they way folks wish to do it!

my point is , why should government help them??????? it has become but was never intended to BE , the function of government .
besides ,it will never be possible to provide all the safety nets people demand and (IMO)it is enabling people to fail by trying to do so.

help your neighbors if you wish . give to charities . support your church so they can help support it's members in need .I am all for that . and kudos to those who do.
if it were in my power , (which it is not and never will be ) I would cut all government socialist spending .

that includes welfare , SS, medicare , workmans comp , pretty much any and all of the safety nets which should never have been implemented in the first place . and are going to destroy this nation in the near future.

do away with all such nonsense and perhaps those who desired a safety net , would be able to choose or NOT ,to buy their own insurance to provide one . most would be better off under such a system.

sure, some wouldn't. that's where charities come in . much better to let each individual decide who and where their generous dollars go to. it is just plain silly to allow others to decide how generous you should be.


if it were so , all would truly be equal in this nation and free to succeed or fail on their own merits or by the GRACE of others as it should be.



I know none of this is likely to change any minds but (imo) it is worth thinking on.

 

[ScottR]

We have been waging a war against debt in our house and are on the tail end of it. We drank the Dave Ramsey kool aid and made some serious headway. Most people in my wife and I's age class have a serious debt issue before they even leave college and we unfortunately sold a lie that they were getting "good debt." It borders on criminal in my mind that we do that to 18 year olds, however most of their parents, or lack there of weren't giving any guidance at all, even worse encouraging it. At then end of the day though...we are responsible for the decisions we made, even if we got a degree in a liberal art that doesn't have enough jobs for the number of people in the program. We are responsible for what we signed up for. Now that I am a long way out of college and can see the difference between the forest and the trees, personal responsibility is a huge part of it.

We have to quit encouraging lifestyles of absolute comfort and the mentality that your rich boss is the enemy. We need to encourage students to see Community College and vocations as a great and respectable living that will require lots of work afterwards but totally worth it. Encouraging the line of thought that being an electrician or power linesman to believe they aren't a profession but simply a job is bad form. I am quoting a college professor of mine and I went to a conservative school!

Students need to be encouraged to chase the big picture and then taught how to get the things they want. At the end of the day it will be a lot of work, but it will be worth it.

 

[kidoggy]

We have been waging a war against debt in our house and are on the tail end of it. We drank the Dave Ramsey kool aid and made some serious headway. Most people in my wife and I's age class have a serious debt issue before they even leave college and we unfortunately sold a lie that they were getting "good debt." It borders on criminal in my mind that we do that to 18 year olds, however most of their parents, or lack there of weren't giving any guidance at all, even worse encouraging it. At then end of the day though...we are responsible for the decisions we made, even if we got a degree in a liberal art that doesn't have enough jobs for the number of people in the program. We are responsible for what we signed up for. Now that I am a long way out of college and can see the difference between the forest and the trees, personal responsibility is a huge part of it.

We have to quit encouraging lifestyles of absolute comfort and the mentality that your rich boss is the enemy. We need to encourage students to see Community College and vocations as a great and respectable living that will require lots of work afterwards but totally worth it. Encouraging the line of thought that being an electrician or power linesman to believe they aren't a profession but simply a job is bad form. I am quoting a college professor of mine and I went to a conservative school!

Students need to be encouraged to chase the big picture and then taught how to get the things they want. At the end of the day it will be a lot of work, but it will be worth it.

well said .

set a goal, sacrifice and stay the coarse .when in position to do so, plan for the rough patches of the future. do so and handouts won't be needed. and you , will soon be in the position of handing out to who YOU wish.

 

[Hilltop]

I understand peoples desire to try and help. I am just fervently opposed to they way folks wish to do it!

my point is , why should government help them??????? it has become but was never intended to BE , the function of government .
besides ,it will never be possible to provide all the safety nets people demand and (IMO)it is enabling people to fail by trying to do so.

help your neighbors if you wish . give to charities . support your church so they can help support it's members in need .I am all for that . and kudos to those who do.
if it were in my power , (which it is not and never will be ) I would cut all government socialist spending .

that includes welfare , SS, medicare , workmans comp , pretty much any and all of the safety nets which should never have been implemented in the first place . and are going to destroy this nation in the near future.

do away with all such nonsense and perhaps those who desired a safety net , would be able to choose or NOT ,to buy their own insurance to provide one . most would be better off under such a system.

sure, some wouldn't. that's where charities come in . much better to let each individual decide who and where their generous dollars go to. it is just plain silly to allow others to decide how generous you should be.


if it were so , all would truly be equal in this nation and free to succeed or fail on their own merits or by the GRACE of others as it should be.



I know none of this is likely to change any minds but (imo) it is worth thinking on.

In my opinion the government is responsible, especially at a state level, for many of those people being unemployed. My wife and I are in our mid 40s and have less than 10k in debt. Our house is paid off and we have a decent start towards retirement. Why should my family be forced to go backwards? Their forced closures are an attempt to save money and limit overburden on hospitals.
My wife's business was forced to close by the state government. That may be for the betterment of society, but regardless of the reasons, her freedom to work and earn a living in her profession was stopped. In those instances, I do think the government is obligated to help. If it was up to her, and her clients, she would still be open for business. She was being a hell of a lot more careful than the average grocery store, or other essential business that has been allowed to remain open.
All of that said, I understand your point and disagree with 90% of the government "assistance".

 

[Winchester]

Well said Scott !

 

[kidoggy]

In my opinion the government is responsible, especially at a state level, for many of those people being unemployed. My wife and I are in our mid 40s and have less than 10k in debt. Our house is paid off and we have a decent start towards retirement. Why should my family be forced to go backwards? Their forced closures are an attempt to save money and limit overburden on hospitals.
My wife's business was forced to close by the state government. That may be for the betterment of society, but regardless of the reasons, her freedom to work and earn a living in her profession was stopped. In those instances, I do think the government is obligated to help. If it was up to her, and her clients, she would still be open for business. She was being a hell of a lot more careful than the average grocery store, or other essential business that has been allowed to remain open.
All of that said, I understand your point and disagree with 90% of the government "assistance".

I understand your stance also . I just don't agree. and that's ok.
I prefer to look to friends and family and have them look to me , for assistance, then an entity which cares nothing for anyones well being.

 

[JimP]

For college more students need to look at the community or smaller colleges when they first get out of high school. Then once they have a couple of years under their belts transfer to a major university for their degree.

The kids also need to look at their majors and make sure that they can learn a living off of them. I have a nephew that has two doctor degrees and yet where he wants to live he can not use either one of them. So he became a school teacher. But I see so many kids getting degrees in subjects that there is no way they are going to be able to pay off their loan debt once they get into those fields.

Vocational schools are almost a thing of the past. When I got out of high school you could go to a vocational school and actually learn a trade. Electrical, plumbing, carpentry, electronics, you name it. Then once you got you Associate degree after 2 years you could actually make a living.

I also see a lot of parents as being the problem. They don't teach their kids that they have to work for what they want and that it isn't offered to them on a silver platter. It also gripes me when I see kids still living in their parents basements after they get out of school. But that is another subject.

Did I mention that I have my $1200 and it is already spent, just trying to help out the economy.

 

[BuzzH]

Thx Kid, I guess that's about what I was trying to say.
I have no issue with people getting unemployment and/or stimulus checks … that's great!
But when the amounts combine and total more than they were making originally I think that gets into the territory of a free hand out.
Money for nuthin' so to speak.
I don't think that's ever a wise policy.

For ONE week?

Different story if people were getting unemployment for say...a grand, plus another $1200 a week...for 26 weeks. Plus, unemployment isn't the same as getting a handout. Its an insurance policy paid by the employer, part of your benefit package as an employee.

I would be more inclined to see your point, maybe even agree with it if people really were getting $2200+ a week. But, that isn't even close to reality.

I haven't looked into every state, but the ones that I have looked into for people I'm trying to help that are out of work due to a pandamic, rather than kick them in the teeth, seems about $1200 (including the emergency $600 week for the next 4 months) max in unemployment a week...for up to 26 weeks. Its also taxable income as well, so if they choose to have taxes withheld, most are looking at less than $900 a week net through July, after that it UI will drop to the State amount (400-600 a week). After 26 weeks they get nothing.

Nobody is getting rich drawing unemployment when they lose their jobs...obviously.

 

[mallardsx2]

I almost got booted from another website for "passionately engaging" in a discussion very similar to this. lol

Is it hunting season yet?

 

[Winchester]

I almost got booted from another website for "passionately engaging" in a discussion very similar to this. lol

Is it hunting season yet?

Yeah … let's talk about hunting !!
No use discussing this topic any more...

 

[JimP]

I herd that Montana's results are out...

Another month and Utah's will be out

Then a few weeks after Utah you will see Colorado's popping up.

 

[mallardsx2]

Then a few weeks after Utah you will see Colorado's popping up.

Anxiously awaiting the Colorado results for a change. I am ready to see some new country there.