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Bailout talks fell apart ,,,,,


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#11 orange

orange

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Posted 23 March 2020 - 12:44 AM

Still don't understand why Pelosi and Schumer blocked this bill.

Has direct payments going the American people, no time to waste.

People are hurting out there!

My understanding is that it lets Trumps administration use hundreds of millions however they see fit without any oversight. They could use that to build the wall if they wanted (construction companies need $$$!). We already know they have not done so well at financial management doubling the deficit. Obama brought it down 9% a year on average. I'm not sure how anyone comes to the conclusion 1.5 trillion in tax breaks will somehow increase federal income when only 10-15% ever makes it back in the form of tax revenue. GDP hasn't changed much from Obama with the exception of one 4% quarter.


Edited by orange, 23 March 2020 - 12:44 AM.

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