Lawmakers already planning more coronavirus stimulus after $2T package

[Peter1469]

Listening to the press conference, Trump just said he wants to spend another $2T on infrastructure- because interest is at zero. If that happens out debt would be at $26T and rising. Interest will go up and our debt payments will crush us.

[Captdon]

One kicker. They made money ultra cheap to borrow. Inflation is usually supported with higher interest rates.

Will that just run the money supply dry as people tap into the almost free money and then cause them to print even more?

It would have the same result. Inflation in Germany was horrendous.

[MMC]

Listening to the press conference, Trump just said he wants to spend another $2T on infrastructure- because interest is at zero. If that happens out debt would be at $26T and rising. Interest will go up and our debt payments will crush us.

McConnell was on with Hugh Hewitt yesterday. According to him Phase 4 nor phase 5 that Pelosi is talking about. Just wont be happening on his watch.

[MMC]

Democrats to seek aid for troubled union pensions in next relief package


At least the Demos will tell the Lame Stream what their next idea is.

[Peter1469]

Democrats to seek aid for troubled union pensions in next relief package


At least the Demos will tell the Lame Stream what their next idea is.

There are also proposals to bail out all the almost-dead municipal and state pension funds. That would be an insane amount of money.

[MMC]

There are also proposals to bail out all the almost-dead municipal and state pension funds. That would be an insane amount of money.

That is exactly what Pelosi wants to do. It also gets the focus off the Demos taking municipal and state pensions from those who put in the time in their Cities and States. Like In Chicago and Illinois wherein the Demos told people they will need to give up their pensions.

[Peter1469]

That is exactly what Pelosi wants to do. It also gets the focus off the Demos taking municipal and state pensions from those who put in the time in their Cities and States. Like In Chicago and Illinois wherein the Demos told people they will need to give up their pensions.

I hope the Repubs just say no.

[MMC]

I hope the Repubs just say no.

McConnell is caving.

McConnell backs fourth relief package that targets stopping the virus.....


Senate Majority Leader Mitch McConnell said he supports Congress and President Trump enacting a new coronavirus relief package that focuses on health care, a senior Republican aide told the Washington Examiner Friday.


The news was first reported by the Associated Press.


“There will be a next measure,” McConnell, a Kentucky Republican, told the AP.


McConnell said the next measure, “should be more a targeted response to what we got wrong and what we didn’t do enough for — and at the top of the list there would have to be the health care part of it.”


McConnell told the AP on Friday he is “not in favor or rushing” to pass a fourth relief package but the next measure should be focused on stopping the virus......snip~


https://www.washingtonexaminer.com/n...ping-the-virus

[Peter1469]

Put him on the list for disposition when people take our government back.

McConnell is caving.

McConnell backs fourth relief package that targets stopping the virus.....


Senate Majority Leader Mitch McConnell said he supports Congress and President Trump enacting a new coronavirus relief package that focuses on health care, a senior Republican aide told the Washington Examiner Friday.


The news was first reported by the Associated Press.


“There will be a next measure,” McConnell, a Kentucky Republican, told the AP.


McConnell said the next measure, “should be more a targeted response to what we got wrong and what we didn’t do enough for — and at the top of the list there would have to be the health care part of it.”


McConnell told the AP on Friday he is “not in favor or rushing” to pass a fourth relief package but the next measure should be focused on stopping the virus......snip~


https://www.washingtonexaminer.com/n...ping-the-virus

[MMC]

Economic meltdown prompts Pelosi to pitch more targeted relief package


House Speaker Nancy Pelosi spent much of this week pitching a sweeping new economic relief measure that would rebuild the nation’s infrastructure, rescue ailing pensions, and expand broadband to underserved areas, among many other provisions.

Then came Friday’s unemployment report.


The staggering numbers showed more than 6.65 million people have joined the ranks of the unemployed, and far more are expected to lose their jobs in the weeks ahead while the nation endures a near total lockdown to avoid spreading the coronavirus.


The other wish list items, such as water infrastructure and broadband expansion, will have to wait, she said.“That may have to be for a bill beyond this right now,” Pelosi said.


Pelosi said she wants to draft a new bill that would “update” the measure just signed by Trump. Pelosi said Congress should build on that measure with a few additions, including a bailout for struggling union pensions and the financially troubled U.S. Postal Service and new safety and health standards for workers.


Pelosi dropped plans to include a major infrastructure proposal she pitched earlier this week that would have also incorporated green energy initiatives.

Democrats are also eager to extend unemployment insurance, which under the last bill expires after four months. Democrats say at least six months of unemployment insurance should be provided, Pelosi said.


Republicans rejected her expanded legislation as an effort to pass a partisan agenda, and no Senate Democratic leader has publicly backed the broader plan.....snip~


https://www.washingtonexaminer.com/n...relief-package


Message to the Repubs. Pelosi is a deviate and must be watched closely.