Tag Archives: CARES Act

Joe Biden urged to endorse $2K monthly stimulus income

MyFoxChicago reports that there is a Change.org petition that urges Creepy Joe to support a universal basic income of $2,000/month for U.S. residents because of the devastating effects of the response to the Wuhan virus. As of my scheduling this post, the petition had 240,000 of their goal of 300,000 signatures. From their story:

“Although the CARES Act was able to get $1,200 to taxpayers, millions of people fell through the cracks and still have not received their stimulus check,” the petition read.

Nearly a month after President Donald Trump signed the historic $2.2 trillion CARES Act into law, which saw millions of individual Americans receive one-time $1,200 stimulus payments, Democrats have powered another massive relief bill through the House, breaking the previous record at $3 trillion.

It has no chance of becoming law as written, but sparked difficult negotiations with the White House and Senate Republicans, as many say the first round of relief payments were not enough to combat the devastating economic effects caused by pandemic lockdowns aimed at stopping the spread of the disease.”

Read the whole story here.

Along with the many problems of a universal basic income and giving people “free” money, there’s this: WE CAN’T AFFORD IT.

DCG

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