Home 2021 61% of Americans Approve of Mr. Biden’s Aid/Relief/Stimulus Bill, Here is Why…

61% of Americans Approve of Mr. Biden’s Aid/Relief/Stimulus Bill, Here is Why…

by Paul Ebeling

#Americans #aid #relief #stimulus #Biden #money

….Many American households will get free money after Mr. Biden signs it into law.

The bill provides up to $1,400 in direct payments to lower Americans, extends emergency unemployment benefits, and allocates hundreds of billions for VirusCasedemic vaccines and treatments and to schools, state/local governments, and ailing industries from airlines to cinemas.

This is the big kicker: an eligible family of 4, for example, gets $5,600 in a direct payment, which could come shortly after Mr. Biden’s signature this week.

The $1.9-T in spending amounts overhead of another $5,487 per American not counting the lessening of purching power from primarily food and fuel inflation and the falling USD.

But, what those short sided lower income Americans have not taken into is that just 9% of the spending is targeted for their relief and a large portion of the $1.9-T is deferred for Democrat pork projects and deferred for use later as was about $1-T from the other recent aid/relief/stimulus packages. Thus, diminishing the Democrats’ argument this relief is immediate and urgently needed.

In addition to payments to schools that do not require them to return to in-person learning, included in the bill are expanded tax credits during the next year for children, child care and family leave plus spending for renters, feeding programs and people’s utility bills. There is aid for black farmers, bankrupt blue state pension systems, and subsidies for consumers buying health insurance and states expanding Medicaid coverage for lower earners.

Shayne, Bruce and I see it like this:

For Biden and all Democrats, the legislation is a billboard on which they have hung their core beliefs; that government programs can be a benefit to millions of people (not a bane) and that spending huge sums on such efforts can be a cure (not a curse).

Bruce’s best comment is why wouldn’t they approve for it is free money for which they have put forth no work effort plus the more children one has whether in wedlock or not, the more money they get! 

Note: The progressive Democrats’ are infuriated that the $15/hr minimum provision was dropped

The Democrats have embrace 3 dynamics: their control of the White House and Congress, polls showing robust support for Mr. Biden’s approach and a time when most voters, and many politicians care little that the national debt is headed toward $22-T.

 This bill did not focus on COVID relief!

Have a healthy day, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.