Stimulus Check Round ThreePosted: 07/03/2021
According to most news sources our next stimulus check is all but in the mail. Of course, we cannot trust anything the politicians or the news reporters say anymore, but we will give them a beggars chance.
The Senate passed their version of the bill after the $15-an-hour federal minimum wage increase the House and some in the Senate had demanded was removed from the bill.
The bill now goes back to the House and they; the Squealers of the D.C. Animal Farm claim the House will likely pass the bill with the Senate- removed $15 wage argument.
That remains to be seen, as the House could stand and fight for it.
Pelosi, a demonic individual, has never been too bright and she has never demonstrated any trustworthy leadership, so do not count on anything positive.
BUT IF THE HOUSE PASSES THE BILL AS IT IS AND DOESN’T SCREW AROUND AND WASTE MORE TIME WITH RETARDED COUNTER MEASURES, LIKE THE DEMONIC PELOSI HAS BEEN FAMOUS FOR, THE BILL GOES TO BIDEN AND HE SAYS HE WILL SIGN IT.
All this haggling is still marginally close with but one or two votes away from being defeated.
Anything can still happen. Anything is possible.
Do not bank on your stimulus check until the money is in your hands. Especially with these characters in Washington.
Had the powers that be done what President Trump suggested MONTHS AGO and created a standalone stimulus check bill we would have been paid MONTHS AGO, but the dirty politicians that need to be tarred and feathered and run out of Washington like Republican Mitch McConnell and Liberal Nancy Pelosi and busloads of others never had the American people in mind—and still do not.
But let us move on and see what the so-called “experts” say about what you should do and should not do with your stimulus money.
According to the Washington Squealers of D.C. Animal Farm it is likely the House will pass the bill and then it goes to Biden’s desk to get signed into law.
If the IRS keeps its word on what it has been saying, that is, that once the bill is signed into law it should take only a week to start sending out the millions of checks beginning with the direct deposit accounts, they used in the previous stimulus check payments.
Thus, for many Americans, a timeframe of around or about the 22nd of March 2021 the third round of stimulus checks could be in your bank. “Could” is a genuinely visionary word because of the D.C. Animal Farm characters playing control over the people who are supposed to be controlling them but do not.
EXPERTS, OR SO THEY ARE CALLED, TELL YOU THAT PAYING OFF CREDIT CARDS DO NOT STIMULATE THE ECONOMY. THE “EXPERTS” ARE WRONG. THEY USUALLY ARE WRONG. PAYING OFF CREDIT CARD DEBT DOES A NUMBER OF THINGS TO STIMULATE THE ECONOMY.
We will only mention two reasons of many possibilities here that say the experts are wrong.
What happens when you pay off your credit cards or pay it down?
First, it reduces your interest payments.
That means you have more spendable money at your disposal. Rather you save it or spend it or a little of both multiplied by millions of people it can be a sizable sum that will indeed stimulate the economy.
Reducing your interest payments frees your money for other uses for purchases or savings which the so-called experts claim is bad too.
It also provides more available credit which if you should go against the grain of good financial management by paying off credit cards, and leaving them paid off or paid down, instead of reusing, then you do what?
You stimulate the economy by spending.
That is not bad.
It is not bad because that is doing what a stimulus bill is supposed to do, stimulate the economy. But dumbass politicians ALWAYS manage to screw things up. They screw it up because of their long delays in getting the economy stimulated because they know NOTHING about the economy, business, management, or anything else other than how to waste the people’s money on BS investigations which yield nothing but wasted time.
Savings is not bad either. Savings puts you on tract for advancing your financial condition, strength, and your overall wealth.
It saves you from falling into the trap of being dependent upon others, such as the government for support because you fall into the poverty and helpless range. A trap that once you are caught in is exceedingly difficult to escape.
If you spend the money you save in interest and banking fees does not that stimulate the economy? Of course, it does.
That could be hundreds maybe even thousands of dollars per year, you save by paying off big credit card debt. You could then get lower interest loans if needed. And that stimulates the economy.
If having a savings keeps you from spending money or borrowing for emergencies that are outside of your reach does not that stimulate the economy because it avoids a negative drain which is debt which is not a stimulant but a sedative to your economic health. Of course, it does, but do not look to expert to agree because usually they do not know much.
There are lots more reasons we could list, but we are only going to do two today. The first one above and the second one that follows:
Second, what does the experts think the banks will do with the money you pay off your debt with, sit on it? Hardly.
Banks will do what banks do. They will use the money to grow their own wealth and stimulate their own economy. They will in turn provide that money for loans for other people. They will be collecting interest on payments and that, collectively, will be providing work for lots of people in the bank and in the companies that apply for and receive the loans.
And, for the individuals who takes that loan money to do whatever they will do with their loan, usually spending it to buy something which brings us back to stimulating the economy. Also, paying off the credit card debts, they could get a reduced interest loan to replace the higher monthly costs of their finances, as mentioned.
Simple math. Simple business. Complicated by ignorant politicians.
Local or distance companies getting bank loans, as well as individuals, are going to take the money for spending it while it creates economic stimulus for many people. That is what it is supposed to do. A genuine no brainer. A no brainer the “experts” have never been able to figure out just as the politicians have not.
With all of this money changing hands, taxes are paid, all kinds of taxes from sales taxes to property taxes and income taxes, and so forth. You get the point.
Moral of the story?
Stop listening to experts.
They are usually wrong. They are more wrong than right most of the time.
Pay off your debt and stay debt-free as much as you can.
And give up having any sort of faith in politicians. They are a brain-dead bunch of demonic corpses decaying in pungent environments at our cost and livelihood.
End of story.