WASHINGTON — Advisers to President-elect Joseph R. Biden Jr. are planning for the increasing likelihood that the United States economy is headed for a “double-dip” recession early next year. They are pushing for Democratic leaders in Congress to reach a quick stimulus deal with Senate Republicans, even if it falls short of the larger package Democrats have been seeking, according to people familiar with the discussions.
Until now, Mr. Biden, Speaker Nancy Pelosi of California and Senator Chuck Schumer of New York, the Democratic leader, have insisted that Republicans agree to a spending bill of $2 trillion or more, while Senator Mitch McConnell of Kentucky, the majority leader, wants a much smaller package. The resulting impasse has threatened to delay additional economic aid until after Mr. Biden’s inauguration on Jan. 20.
Many of the president-elect’s advisers have become convinced that deteriorating economic conditions from the renewed surge in Covid-19 infections and the looming threat of millions of Americans losing jobless benefits in December amid a wave of evictions and foreclosures require more urgent action before year’s end. That could mean moving at least part of the way toward Mr. McConnell’s offer of a $500 billion package.
Apparently the US economy as we all know is falling the president yet again is advised to pass a quick stimulus deal with the senate.
Apparently the president and their team are going to negotiate this 500$ billion to make sure that the public get as much money as they can afford.
Okay , this seems very good , but is spoon feeding the public for this long okay ??
If their budget is "x" let us assume, why don't they distribute "x/2" and use this "x/2" to start new job opportunities for them , they can even help the people to come in terms with the pandemic.
Most of these are going to the people who doesn't even need them, what about that
Shouldn't only the jobless and the people actually in need be benefited by the bill
Plus why are aren't they also including the homeless without any house and documents ..maybe make a small centre for them to survive till the pandemic.
People let's share your honest opinion about the bills and what they should be used for?? Is this entirely right ??
source Well a lot of states in the USA have large restaurant based economy.
In no Particular order.
Florida
New York
New Jersey have billion dollar restaurant economies.
Texas
California
Illinois have huge restaurant economies.
I picked some states led by dems
I picked some states led by republiacans.
I would say the States I listed have more than 10 million workers in the food industry.
I would bet 3 million are out of work.
They lose unemployment on Dec 26th
So the bill needs to extend them.
Since finding working wont be easy until the summer.
That is just six of 50 states. They do hold around 1/3 of the country people in those six states.
I am sure a guy living in North Dakota thinks why should they get unemployment extended they can find work.
Well maybe they cant get a job and they certainly did not creat the virus.
A bigger issue is I am talking about 3 million that need help.
But there are 14 million nationwide on unemployment last I looked. How do we sort the lazy no good pieces of crap that are saying score from decent hard working desperately seeking work people.
Answer we dont we just print more money. Not going to change I think 24/25 last years government
spending is in the hole 🕳 so this year will simply be a bigger hole.
