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Author Topic: [SERIOUS] What do people think of direct cash payments (US stimulus package)?  (Read 825 times)
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squatz1 (OP)
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April 22, 2020, 12:38:51 PM
 #81

I don't live in USA but according to what I have read, this stimulus package is not enough for a single household, the reason that I think about the stimulus not being enough is that overtime the cost of living increased drastically for the past decade and there is also the inflation rate that increased the prices of products. I can't represent  what my country is doing and I am not saying they are doing a good job or not but I think that focusing more on relief operation would rather be helpful, in my city, including the financial help, the city welfare divisions are also giving away 4-day worth of food packs depending on how many family is living in the house.

Stimulus package isn't just this one time payment. I'll break it all down for you:

If you currently make under $150k as a couple living in the US, and you have two children you'd be entitled to $2400 ($1200 per person, and you're married) and then $500 per dependent child = $3400.

But that's not the only part of the stimulus package. If you were let go from your job, you're entitled to your normal unemployment benefits (which is going to depend on your state) plus an additional $600 per week from the federal government. I'd say on average people are getting $700-800 a week if they're unemployed right now per person. Those benefits last until July 30th.

I think there there should be more done to help everyday people, though I think a lot of that surrounds getting people to sign up for benefits that are already present. Making the sign up easier.




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April 23, 2020, 11:44:18 AM
 #82

I was pretty surprised to see the cash payments  and unemployment only make up ~30% of the stimulus package combined.  (closer to 20-25% if you factor in they just added more money for small businesses)





Edit: I guess technically some of the business loans are kind of the same as unemployment since if a company doesn't fire any workers, they don't have to pay the loan back.

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April 24, 2020, 03:41:43 PM
 #83

I was pretty surprised to see the cash payments  and unemployment only make up ~30% of the stimulus package combined.  (closer to 20-25% if you factor in they just added more money for small businesses)





Edit: I guess technically some of the business loans are kind of the same as unemployment since if a company doesn't fire any workers, they don't have to pay the loan back.

Yeah PPL are pretty much just unemployment as they're not firing people. I know they only have to use 75 percent of the loan (forgivable, so it's kinda just a grant) for payroll expenses, but it does make sense that that's the number they picked as they're giving employers 2.5x what each employee would've been getting paid prior to this.

PPL is honestly been one of the biggest portions of this, as Congress just authorized new money towards it yesterday. They actually just added new protections in the bill to ensure that only SMALL BUSINESSES are applying for it, and not just big businesses that separated their employees into entities that all have under 500 employees.




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