General Discussion
In reply to the discussion: So I opened my paycheck today---well---actually I get direct deposit.... [View all]I just heard it was 112 Billion out of the economy, and money people won't be able to spend. The whole idea of sequestration being bad, is slapped in the face by not continuing this stimulus.
Understand, we're 2.7 Trillion dollars ahead. And when we collect it ahead of time, they toss it into the general fund, and spend it. So that is another 112 Billion a year they are spending on other things.
If he'd wanted to compromise, he might have gone with a slow expiration, and a raising of the Social Security cap, or its removal. Most don't even know what that is, as SS is removed from their whole paycheck anyway. But it isn't so for the rich.
The rich got theirs, the poor and middle didn't. And we're the ones who will spend it. Do you really think the people who are keeping their tax cuts up to 400,000 dollars a year are going to spend all of it? I don't think so. We got no demand out of that deal.
I'd still have rather let them expire, then start anew. Democrats, or the President and Biden once again, showed they don't compromise well, the comply. It's different.