New 2nd Stimulus Package Updates

TENT

Rising Star
BGOL Investor
Ok buddy. Some people have been out of work for 11 months. No matter who you are, you aren't trying to hear that shit.
Familys of 4 or 5 people aint gonna be caked up with years worth of savings. It isn't about managing money when it comes to certain people.
Society aint built for everyone to have millions in the bank. It will run out.

Most of the feeble minded live paycheck to paycheck blowing their money on nonsense. You are unable to manage your money, so when a financial crisis hits, we have to give money and aid to keep you alive and to feed your kids.

We need to do something to improve their financial management skills, it is not about increasing wages.
 

COINTELPRO

Transnational Member
Registered
I always recommend to the black community that you should buy your kids a house than let them borrow money at ultra low interest rates for school. The house if near the college can save on rent and not add to the debt, that can be easily $50k over five years.

I had some clown doctor telling people to rush out and pay off your student debt as soon as possible and than COVID-19 hit. If the college is scamming you with a worthless degree due to discrimination, you are not on the hook. Let the government take the loss on the loan versus you spending your retirement on some worthless degree.

The calculation you see for income is for white kids and not us, they don't break that out for us which is radically different.

I posted this somewhere else, the first mistake we make is poorly investing in education. Take the student loans out and setup your kids with real estate. If it is a scam degree with no job prospects dump that student loan off on the government and live comfortably in your house.

It is a huge wealth transfer to some white, indian, or asian professors living lavishly off of our hardwork. The Department of Education tracks default rates per college, if you pay off their colleges nobody will know. We need more scholarships helping buy real estate rather than paying for colleges.
 

jasonblacc

Rising Star
Registered
The House votes on a skinny bill that would give Americans $2k per adult & $600 per kid. Its what Trump requested to be added on.
The democrats have vowed to vote yes unanimously on it. With this bill, we will get to see how everyone votes, so anyone who says no will be outed and probably ripped apart.
I bet the Dems have the red pens out like Santa; ready to take names. This will expose all of the opposing republican members of the House of Reps. Then, it goes on to the Senate. If the Georgia reps and/or Senators oppose the $2k, it will pretty much be a blue win for Georgia because they will use that as ammunition.
This bill is gonna be a career killer for everyone who opposes it except Mitch and probably Lindsey Graham.


$300 in the one Trump signed.
The $2000 skinny bill that they vote on starting today is just a one-time payment.

Thanks.
 

snark9

Cantankerous Bastid
BGOL Investor
I posted this somewhere else, the first mistake we make is poorly investing in education. Take the student loans out and setup your kids with real estate. If it is a scam degree with no job prospects dump that student loan off on the government and live comfortably in your house.

It is a huge wealth transfer to some white, indian, or asian professors living lavishly off of our hardwork. The Department of Education tracks default rates per college, if you pay off their colleges nobody will know. We need more scholarships helping buy real estate rather than paying for colleges.

I teach in higher education. No professors live 'lavishly' off of student loans.

At public institutions, professor pay comes mostly from local property taxes, and government funding based on a head count.

If you want to know how much comes from these sources rather than tuition, just look at the difference between in-state tuition for a resident, and out-of-state tuition. The difference is massive, as out of state students cannot be subsidized by a community in which they do not pay taxes.

That said, the real bandits in higher education are the administrators. Beginning with the department chairs, deans, provost right up to the president, they get paid 6 and 7 figures.
 

geechiedan

Rising Star
BGOL Investor
POLITICS
House passes bill for $2,000 stimulus checks – leaving it up to GOP-controlled Senate

The House voted Monday to increase the second round of federal direct payments to $2,000 as Democrats embrace President Donald Trump’s calls to put more money in Americans’ pockets.

The measure would boost the stimulus checks in the year-end coronavirus relief and government funding package to $2,000 from $600. The vote came a day after Trump signed the more than $2 trillion pandemic aid and full-year government spending bill into law.

The House passed the payments in a fast-track procedure that needed two-thirds support. The chamber approved the measure in a 275-134 vote.

Democrats backed the bill by a 231-2 margin. Forty-four GOP representatives supported the measure and 130 voted against it, after days of calls by the Republican Trump to increase the payments to $2,000.


Last week, the president called the legislation a “disgrace.” He waited days to sign the package after he received it from Congress. Trump claimed he opposed the bill — which his Treasury secretary helped to negotiate and which included many of his White House’s budget priorities — because it included too little direct money to Americans and too much foreign aid.

When asked whether the $600 payments were still on course to go out starting this week as Treasury Secretary Steven Mnuchin previously said, a senior Treasury official said the department expects to make the payments on the same timeline he discussed. If Congress does approve the $2,000 checks, the department will then add to the already issued money.

Trump has pushed for $2,000 payments in recent days. In a statement explaining his decision to sign the legislation Sunday, he noted that the House and potentially the Senate could move to approve larger cash deposits. However, most Republicans in the GOP-held Senate have opposed even a $1,200 check.

Trump’s gambit caps a chaotic eight months of efforts in Washington to send another round of coronavirus relief. Americans waited months for more help after financial lifelines that aided them through the early months of the pandemic expired over the summer. Trump’s delays in signing the year-end bill may cost millions of jobless Americans a week of unemployment benefits after two key relief programs briefly expired.

The president’s signature prevented a government shutdown that would have started Tuesday. More delays also would have jeopardized a federal eviction moratorium, which the bill extends by a month through Jan. 31.

Democrats have called the relief bill a down payment and plan to push for more aid after President-elect Joe Biden takes office Jan. 20. As they had called for larger direct payments throughout aid talks, they jumped on the president’s support for $2,000 deposits.

On Monday, Biden also told reporters he backs $2,000 payments.

House Speaker Nancy Pelosi, D-Calif., has called on Trump to put more pressure on his party to back the payments.

“To reject this would be in denial of the economic challenges that people are facing and it would deny them, again, the relief they need,” she said Monday ahead of the vote.

In a statement Sunday, Senate Majority Leader Mitch McConnell, R-Ky., said he is “glad the American people will receive this much-needed assistance as our nation continues battling this pandemic.” However, he did not mention any plans for bringing up the $2,000 payment bill if the House passes it.

Senate Minority Leader Chuck Schumer, D-N.Y., said Sunday that he would try to pass the legislation in the Senate.

“No Democrats will object. Will Senate Republicans?” he tweeted.

House Democrats already tried to pass $2,000 payments by unanimous consent during a pro-forma session on Thursday. However, the vote failed because House Minority Leader Kevin McCarthy, R-Calif., did not approve it.

Earlier this month, Sen. Ron Johnson, R-Wis., twice rejected attempts to unanimously pass $1,200 direct payments in the Senate. Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., pushed for the checks as part of the relief package.

Schumer’s move to put pressure on Senate Republicans comes as two GOP incumbents — Sens. David Perdue and Kelly Loeffler — compete in Jan. 5 runoffs in Georgia that will determine control of the Senate and shape Biden’s agenda. Democrats have made pandemic relief a major issue in the races.

The $900 billion pandemic aid portion of the legislation includes the $600 payments along with a $300 per week federal unemployment insurance supplement into mid-March. It extends programs that allow freelance, gig and self-employed workers to receive benefits and increase the number of weeks people can receive insurance.

The bill puts over $300 billion more into small business support, mostly in the form of forgivable Paycheck Protection Program loans. It creates a $25 billion rental assistance fund.

It includes more than $8 billion for Covid-19 vaccine distribution and $20 billion to make shots free to Americans. It also puts $82 billion into education as schools struggle to reopen, and $45 billion into transportation, which includes airline payroll support.

The relief package does not put money into state and local government relief, which Democrats and many Republicans support as a measure to prevent layoffs. However, GOP leaders have opposed approving the aid without also creating a shield for businesses from coronavirus-related lawsuits.

Democrats plan to push for state and local support and another round of direct payments, among other aid measures, after Biden takes office.

 

MistaPhantastic

Rising Star
Platinum Member
The House passed the payments in a fast-track procedure that needed two-thirds support. The chamber approved the measure in a 275-134 vote.

Democrats backed the bill by a 231-2 margin. Forty-four GOP representatives supported the measure and 130 voted against it, after days of calls by the Republican Trump to increase the payments to $2,000.

We need that list of names. Who are the 134 that voted against this? Those are the enemies of the people in their states. The people should know who's betraying them.
 
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Mt. Yukon

Rising Star
BGOL Investor
Ok buddy. Some people have been out of work for 11 months. No matter who you are, you aren't trying to hear that shit.
Familys of 4 or 5 people aint gonna be caked up with years worth of savings. It isn't about managing money when it comes to certain people.
Society aint built for everyone to have millions in the bank. It will run out.
Dont bother, some people have all the answers for a worldwide problem. Haves, have nots, and a system designed to maintain the status quo. Life, circumstances, and conditions be damned. "All you gotta do is... And you too could/should be rich. But instead, you(insert poor person pre conceived notion)" Usually from a muthfucka also in the rat race, just a little further along.:rolleyes2:
 

woodchuck

A crowd pleasing man.
OG Investor
Ok buddy. Some people have been out of work for 11 months. No matter who you are, you aren't trying to hear that shit.
Familys of 4 or 5 people aint gonna be caked up with years worth of savings. It isn't about managing money when it comes to certain people.
Society aint built for everyone to have millions in the bank. It will run out.
But it's cool to bail out rich corporations? People are saying that everyday Joes should be able to manage their money, and I agree with this, but it's cool for large corporations with accounting firms not to be able to help manage theirs?
 

A to Dah K

Rising Star
BGOL Investor
The House votes on a skinny bill that would give Americans $2k per adult & $600 per kid. Its what Trump requested to be added on.
The democrats have vowed to vote yes unanimously on it. With this bill, we will get to see how everyone votes, so anyone who says no will be outed and probably ripped apart.
I bet the Dems have the red pens out like Santa; ready to take names. This will expose all of the opposing republican members of the House of Reps. Then, it goes on to the Senate. If the Georgia reps and/or Senators oppose the $2k, it will pretty much be a blue win for Georgia because they will use that as ammunition.
This bill is gonna be a career killer for everyone who opposes it except Mitch and probably Lindsey Graham.


$300 in the one Trump signed.
The $2000 skinny bill that they vote on starting today is just a one-time payment.
Thats $800 a week in NY
Thats decent to sit on ur ass
 

TENT

Rising Star
BGOL Investor
No its not. I didn't say it was.



Did you read what I wrote?

But it's cool to bail out rich corporations? People are saying that everyday Joes should be able to manage their money, and I agree with this, but it's cool for large corporations with accounting firms not to be able to help manage theirs?
 

A to Dah K

Rising Star
BGOL Investor
I posted this somewhere else, the first mistake we make is poorly investing in education. Take the student loans out and setup your kids with real estate. If it is a scam degree with no job prospects dump that student loan off on the government and live comfortably in your house.

It is a huge wealth transfer to some white, indian, or asian professors living lavishly off of our hardwork. The Department of Education tracks default rates per college, if you pay off their colleges nobody will know. We need more scholarships helping buy real estate rather than paying for colleges.
How do you dump student loans off on govt?
 

gene cisco

Not A BGOL Eunuch
BGOL Investor
Thats $800 a week in NY
Thats decent to sit on ur ass
Shit, not as good as congress does to obviously sit on their asses. Did you see how many vacations and 4 days week they took this year during a fucking pandemic? They clearing damn near 200k plus spending allowances to have interns do all their work while they let America burn. Shit is shameful. :smh:

Now we get to see the GOP show their complete ass with this senate vote. Bunch of do-nothing bitches. Bunch of 'do as I say, not as I do' hypocrites. If the people don't smoke them in Georgia, it's going to be a long 2021 for those in need.

I don't know what's with Americans and their attitude to people getting fucking crumbs while the fat cats in D.C. cash big checks and pissing away money on bloated military budgets, bloated domestic budgets, and bloated foreign aid.
 

MistaPhantastic

Rising Star
Platinum Member
$300 on top of UE ain't no money on the west coast unless you live in a small town.
And people are "sitting on their asses" because its a lockdown. The whole west coast is locked down and the governors are coordinating with each other to keep it that way.
The "go out and get a job" crowd doesn't get it because their states are still wide open; superspreading.
 

Venom

Rising Star
BGOL Investor
I'm curious. If someone was on unemployment in NY since Jan. 2020 did their unemployment run out? Extending them to late Mar. 21 means they got 65 weeks of unemployment. It seems people who jumped on in Apr. 2020 or later would be 'safe'.
 

Venom

Rising Star
BGOL Investor
Ok buddy. Some people have been out of work for 11 months. No matter who you are, you aren't trying to hear that shit.
Familys of 4 or 5 people aint gonna be caked up with years worth of savings. It isn't about managing money when it comes to certain people.
Society aint built for everyone to have millions in the bank. It will run out.
Agreed people who were once earning 6 figures have been hitting foodbanks early in the pandemic. If you live in an elevated housing state people with small savings can burn thru it in 6 mos. God forbid they have a luxury auto loan.
 

tallblacknyc

Rising Star
Certified Pussy Poster
I'm curious. If someone was on unemployment in NY since Jan. 2020 did their unemployment run out? Extending them to late Mar. 21 means they got 65 weeks of unemployment. It seems people who jumped on in Apr. 2020 or later would be 'safe'.
Not gonna say much but lots of people been on extensions for awhile
 

Rudey

Rising Star
BGOL Investor
If $2k is approve by the Senate then Nancy might look like the great negotiator in the long run.
 

MistaPhantastic

Rising Star
Platinum Member
Senate is gonna knock that shit the fuck outta here.
Today? Yes. Then they will bring it up for a full vote. Today will be the unanimous vote. That ain't gonna happen. Ron Johnson, Moscow Mitch and "Lady" Lindsey ain't gonna let that happen.
Its amazing how any state in need can sit back and watch their representatives vote against their interests.
 

Coldchi

Rising Star
BGOL Investor
Today? Yes. Then they will bring it up for a full vote. Today will be the unanimous vote. That ain't gonna happen. Ron Johnson, Moscow Mitch and "Lady" Lindsey ain't gonna let that happen.
Its amazing how any state in need can sit back and watch their representatives vote against their interests.
nope.....Mitch just shot that shit down............he's not gonna even bring it up for a floor vote.
he wants to vote on overriding the Defense bill on tomorrow, but doesnt want to bring the bill for the $2,000 checks to the floor.
what a fuckin coward.
 

MistaPhantastic

Rising Star
Platinum Member
nope.....Mitch just shot that shit down............he's not gonna even bring it up for a floor vote.
he wants to vote on overriding the Defense bill on tomorrow, but doesnt want to bring the bill for the $2,000 checks to the floor.
what a fuckin coward.
Like I said, its amazing how these states can sit back and let their reps fuck them like that.
If the dems are smart, they will blast this to infinity until the Georgia election. Mitch still has time to bring it to the floor over the course of the next few days. This is him trying to fuck with Trump. He's only got a few moves. If he never brings it to the floor, the whole country will put him on blast. He doesn't care but politically, it fucks his fellow republican senators because it makes the whole party look bad.
He may just be trying to play it as close to the Georgia election as possible. I don't know how long he can hold off bringing it to the floor before it dies. He may have blown it for the Georgia republicans. I can't see him wanting to do that.
 
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