Biden and the Democrats are giving a lot of money to the poor and middle-class who will spend it thus opening restaurants, buying, fixing cars, paying back rent and consequently boosting the economy and increasing employment. In 2017 the republikkkans and that other guy gave 1.9 trillion in tax breaks to the 1%s who bought back stock that resulted in a booming stock market while real wages for the MAGA working stiffs actually decreased.
The calculator would have drowned you after the last Tax Cut and Spend Scam the republicans passed. The Covid Aid will help the people and boost the economy far more than a few corporations and billionaires.
If the deficit was important, surely the fiscally responsible Republican would have made efforts to lower it during the Trump administration instead of increase it.
Money given to prevent people from going under will get spent. The recipients will pay their rent / mortgage, buy groceries, buy clothes, etc. This will stimulate the REAL economy instead of the dollars added to the deficit because of the 2017 tax cuts that only added to the volatility of the stock marker.
so now the gops are terrified of the effect this 1.9 trillion to help the poor will have on the national debt but didn’t bat an eye when they shipped 1.9 trillion to there billionaire campain donors
The GOP Congress is already taking the credit for the benefits their constituents will gain. Be prepared for their campaign in 2022 when they take all the credit for the repaired economy and quick COVID-19 vaccine development and dispersal. Hypocrisy has no moral boundaries!
Until someone actually raises taxes to try to pay for all this, it really doesn’t matter. No one’s tax bill is going up because of it or any other deficit creating event (2017 tax scheme?). Yes, theoretically sooner or later we will have to pay the bill, but my guess is that it will be later, much later, decades later, centuries later.
in all fairness the republicans have pointed out some non-covid related pork in the bill. . . a road project in California I think etc. .. this kind of stuff should have been cut out
I used to worry about debt and deficits and the like, but then I learned from economists that they don’t mean anything. We don’t owe anybody any real money, so it’s like magic. You pull it out of thin air and you spend it and there is no accounting or payback. Now, if that’s not magic, I don’t know what is. Seriously. Another reason I don’t worry? I’ll be 77 y.o. In a couple of months. If the magic fizzles and the bill comes in, it won’t be in my mailbox!
lobo1939 over 3 years ago
Biden and the Democrats are giving a lot of money to the poor and middle-class who will spend it thus opening restaurants, buying, fixing cars, paying back rent and consequently boosting the economy and increasing employment. In 2017 the republikkkans and that other guy gave 1.9 trillion in tax breaks to the 1%s who bought back stock that resulted in a booming stock market while real wages for the MAGA working stiffs actually decreased.
Patjade over 3 years ago
The calculator would have drowned you after the last Tax Cut and Spend Scam the republicans passed. The Covid Aid will help the people and boost the economy far more than a few corporations and billionaires.
StackableContainers over 3 years ago
If the deficit was important, surely the fiscally responsible Republican would have made efforts to lower it during the Trump administration instead of increase it.
Ally2005 over 3 years ago
Republicons are only worried about the wealthy. Everyone else can just take care of themselves.
Nantucket Premium Member over 3 years ago
Money given to prevent people from going under will get spent. The recipients will pay their rent / mortgage, buy groceries, buy clothes, etc. This will stimulate the REAL economy instead of the dollars added to the deficit because of the 2017 tax cuts that only added to the volatility of the stock marker.
willie_mctell over 3 years ago
Think of it as an investment.
wellis1947 Premium Member over 3 years ago
If you give a rich man a dollar, he’ll more than likely just put it in his pocket, stimulating nothing.
If you give a poor man a dollar, he’ll immediately spend it on food, clothing or housing, thus stimulating the economy!
This has NEVER been “rocket science” but has ALWAYS been beyond the grasp of the average republican.
morningglory73 Premium Member over 3 years ago
We need more trickle up not “trickle down.” When the middle class is going well so is the country.
nyg16 over 3 years ago
so now the gops are terrified of the effect this 1.9 trillion to help the poor will have on the national debt but didn’t bat an eye when they shipped 1.9 trillion to there billionaire campain donors
Monster Hesh over 3 years ago
As usual, deficits suddenly matter to Republiscum when money goes to the average citizen rather than the already-filthy-rich.
JenSolo02 over 3 years ago
The GOP Congress is already taking the credit for the benefits their constituents will gain. Be prepared for their campaign in 2022 when they take all the credit for the repaired economy and quick COVID-19 vaccine development and dispersal. Hypocrisy has no moral boundaries!
grumpypophobart over 3 years ago
‘Grab the calculator!! Grab the calculator!!’ At least then you can see how much you’re falling behind.
jvscanlan Premium Member over 3 years ago
Was a similar cartoon printed when Trump gave his buddies $2 trillion in tax cuts?
Brian G Premium Member over 3 years ago
Until someone actually raises taxes to try to pay for all this, it really doesn’t matter. No one’s tax bill is going up because of it or any other deficit creating event (2017 tax scheme?). Yes, theoretically sooner or later we will have to pay the bill, but my guess is that it will be later, much later, decades later, centuries later.
Durak Premium Member over 3 years ago
That’s a $1.9 trillion INVESTMENT, Matt. This will save $$$ in the long run.
codak over 3 years ago
in all fairness the republicans have pointed out some non-covid related pork in the bill. . . a road project in California I think etc. .. this kind of stuff should have been cut out
rossevrymn over 3 years ago
While we’re at it, can we talk a lil’ about spending less on the military?
Masterskrain over 3 years ago
And NOW the Qpublicans are harping about the Deficit… RIGHT ON SCHEDULE!!!
David Illig Premium Member over 3 years ago
I used to worry about debt and deficits and the like, but then I learned from economists that they don’t mean anything. We don’t owe anybody any real money, so it’s like magic. You pull it out of thin air and you spend it and there is no accounting or payback. Now, if that’s not magic, I don’t know what is. Seriously. Another reason I don’t worry? I’ll be 77 y.o. In a couple of months. If the magic fizzles and the bill comes in, it won’t be in my mailbox!