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Reply to "Pelosi unveiling House plan @ 2pm, posts some details"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Dem proposal: -Federal Reserve to create a "digital dollar wallet" for any person that wants one. The Fed will become a consumer bank. -$2K per adult, $1K per child. $75K income limit for full payment, with phase out above that equal to 5% of additional income -Payments to be give via digital wallet or check[/quote] My family doesn’t qualify, but what’s the interest in giving kids a 1,000$ payout? [/quote] You do realize we are staring down the abyss of deflation right now? 30% unemployment in one month and nearly the entire collapse of private demand. The government has to essentially fill void in private sector demand otherwise nearly all small businesses in the US will be bankrupt within 2 months. The point is to stimulate the hell out of the economy. And also to get kids investing in 529 accounts to boost the market. [/quote]
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