General Discussion

TexasBushwhacker

(21,021 posts)

18. Actually, there were income limits for the $1200 checks

Wed Dec 9, 2020, 11:04 AM

Dec 2020

If you are single with an adjusted gross income of over $75K, you did not get the full $1200.

Head of Household - $112500

Married Couple - $250K

While I agree with Krugman in principal, he does not acknowledge that the reason they sent the checks out to everyone under the income guidelines is because it got checks out FASTER than if it was need based.

He also downplays the need to "goose" the economy. Putting that money in the hands of poor and middle class Americans meant that it went back into the economy, and that helped keep some businesses stay afloat while they were waiting for PPP and EIDL loans.

The bottom line is that the COVID-19 pandemic has exposed multiple cracks in our system. Our economy may be "strong", but it is not resilient. Our healthcare system is also strong, providing you have health insurance, but it does not have enough redundancy to handle a major crisis.

Thankfully, Biden was elected and can address these issues. Now go donate to the Warnock and Osoff campaigns!

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Krugman: THIS IS NOT ABOUT STIMULUS. [View all] Roland99 Dec 2020 OP

It's based on the fallacy that if we just goose the economy we can get back to where we were Klaralven Dec 2020 #1

But that is the point OldBaldy1701E Dec 2020 #5

Selfishness Roy Rolling Dec 2020 #11

Hear! Hear! (n/t) OldBaldy1701E Dec 2020 #20

+++++++++ KPN Dec 2020 #24

Wow. Thank you, well said RANDYWILDMAN Dec 2020 #30

+1,000,000! dchill Dec 2020 #31

yes handmade34 Dec 2020 #2

Cluelessness? GopherGal Dec 2020 #6

Mnuchin is clueless. He's never experienced wanting something KPN Dec 2020 #25

"Most people don't need it; meanwhile utterly inadequate for those who do need help." bucolic_frolic Dec 2020 #3

Actually, there were income limits for the $1200 checks TexasBushwhacker Dec 2020 #18

I doubt people - poor or middle class - did anything other than bank it IF they could bucolic_frolic Dec 2020 #23

Yep, they stimulated the economy rather than help people. cbdo2007 Dec 2020 #22

Maybe have the limit be 55,000 instead of the 75,000 it was at per adult questionseverything Dec 2020 #48

What's telling is how other countries gave checks out monthly large enough to prevent harm duforsure Dec 2020 #4

McConnell's innate evil is so overwhelming it emanates from Roisin Ni Fiachra Dec 2020 #7

This is why I'm glad any time I hear someone refer to it as 'relief', instead of... Hugin Dec 2020 #8

"MM is at least evil in an understandable way" 58Sunliner Dec 2020 #9

This message was self-deleted by its author CatLady78 Dec 2020 #10

Working on a hunger game move ampm Dec 2020 #12

+1 area51 Dec 2020 #14

"...a special mix of cruelty and cluelessness." That sounds right. Totally inadequate for millions. Evolve Dammit Dec 2020 #13

As has been said before, the cruelty is the point dlk Dec 2020 #15

...trillion cynical_idealist Dec 2020 #27

If only seta1950 Dec 2020 #16

And a friend continues to work even though she knows she was exposed...just got the job and Demsrule86 Dec 2020 #32

is this being "explained" to voters in Georgia? world wide wally Dec 2020 #17

When all is said and done, it's only money. stopbush Dec 2020 #19

I have said this here and got slapped down for it. edhopper Dec 2020 #21

I agree! nt Heartstrings Dec 2020 #26

+1. We have to get there before the Dec 26 deadline. The check for all can come later, with Biden. LizBeth Dec 2020 #28

The only problem is if the republicans control the Senate, Mr.Bill Dec 2020 #35

I am retired, so is my wife. Mr.Bill Dec 2020 #34

Bingo Hekate Dec 2020 #38

The checks for everyone do help the economy though Calculating Dec 2020 #39

What Krugman points out edhopper Dec 2020 #40

I gave a lot of mine stage left Dec 2020 #43

There are lots of people who don't qualify for unemployment questionseverything Dec 2020 #46

For what may be the first time, I disagree with Mr. Krugman. BobTheSubgenius Dec 2020 #29

McConnell does not want anything to appear to come from Democrats. Hermit-The-Prog Dec 2020 #42

Oh, those Repukes are SO generous, aren't they? mvd Dec 2020 #33

K&R kag Dec 2020 #36

KnR Hekate Dec 2020 #37

There is an opportunity to toss Moscow Mitch in the ditch ... Hermit-The-Prog Dec 2020 #41

It's about power and control. littlemissmartypants Dec 2020 #44

And now, a word from our sponsor, Unrestricted Free-Market Capitalism disalitervisum Dec 2020 #45

"THIS IS NOT ABOUT STIMULUS,... LudwigPastorius Dec 2020 #47