03-16-2020, 08:32 AM
(03-15-2020, 07:26 PM)Mick Wrote: 51% of working Americans have less than one paycheck in the bank. That's more than half of all working Americans, about 79,436,700 people. Four in ten Americans can't afford an unexpected $400 expense. And we're telling folks to stay home from jobs. Those that can work from home, great. Lots cannot. And I'll tell you what I've been hearing. Large American companies are hoarding cash. That means a lot of their vendors will close down or fire people.
American finances on Main Street are precarious. I don't think people on this board quite understand how precarious. $55 billion is a fart in a windstorm compared to the level of need. If they're going to spend $1.5 trillion they'd better spend it RFN. I'd rather not wake up to a ruined country a year from now. Or a month from now.
This can't be emphasized enough. Millions of people are about to lose their jobs, and soon many of them will not be able to afford rent or food (much less the staggering medical bills some of them will be saddled with). Checks need to start going out asap to everyone. There is no other way to do this.
