Third Stimulus Check Is a Scam For Some
 

President Biden signed the American Rescue Plan Act on March 11. Provisions in the bill authorize another round of $1,400 stimulus checks for each eligible person ($2,800 for couples).

There are 1000's of couples living in The Villages with a paid-off house, no debt, tons of money in the bank, free paid medical insurance and as long as their gross adjusted yearly income is under $150,000, the couple will receive $2,800 in free US tax dollars. This is on top of the two prior stimulus checks they have received in the past six months.

I honestly believe those folks who need the money should be helped, but this stimulus money was not meant for people who didn't need it and for those people living in The Villages that meet this criteria and don't need the stimulus money are just scamming the rest of us.

There are two purposes for stimulus checks. One is to help those that need help. The second purpose and the reason that it's called a stimulus is that the hope is that those that don't need the money will splurge on something thereby giving businesses an added boost.

*yawn* you're preaching to the choir pal. Our take come is < $40k and we're doing just grand without the handout/payoff.

:ohdear: Go back and read your first sentence again...... it's not Villagers that are scamming us! :duck:

Its strange how we get our panties in a wade when giving stimulus to those helping to bump the economy, but when we need to give tax breaks to the wealthy, no problem. Hmmmm!

You are free to return yours.

I don't qualify and if I did, I'd be ashamed to receive this ill-gotten freebie unless I truly needed it. Many people receiving this stimulus, especially "some" living in The Villages, don't need this money and this freebie will only increase inflation for the rest of us.

Good for you. Pat yourself on the back! I am sure you double pay income tax too, out of your concern. I, for one, believe my taxes paid are way too much. The federal government is out of control. Anything the people can claw back from them is a good thing.

So true
 

Our stimulus money will put to work a company that installs vinyl floors, a furniture store, and another company to install a new air conditioner. I call that a win-win.

That always makes me want to bite. I have noticed a good many people who live in The Villages were very poor to begin with and many worked two jobs, or 16 hour days and were on call every vacation in their life. Maybe they aren't WEALTHY but some have enough to be envied, and that is what happens, they are envied. It didn't just fall on them or get willed to them. I wonder what those folks who envy the financially comfortable say to their kids, hmmm. Do your homework, don't miss school, work toward your goal. Don't waste your money, get ahead, be a success, but for God's sake don't come home and tell me you are the CEO of a huge company.........

The part that bothers me is the govt just keeps borrowing to spend money they do not have and has no intention of ever paying it back.

At some point it will be time to pay the piper.

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$1.9 Trillion divided by 330 milllion = $5,700 for each american.
ALL Americans, including children - EVERYONE.

That's how much EACH of us, even those NOT getting the $1400 will owe to pay for Bill.
We much consider that much, if not all, of these $1.9 TRILLION be be DEBT. Owed by EVERY taxpayer. And of course THAT does not include the interest $$ to be paid over the decades upon decades.

Pile THAT onto the current Federal debt of $28 TRILLION ($85,000 for EVERY single American.

Am I worried for ME? Not really. Am I worried for our Kids, Grandkids, Great+++Grandkids? Yep. Pile on the debt Washington (BOTH parties). It's only money.

And as The USA will no doubt get weaker financially - China, well you know the story.
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"Yes, debt has to be repaid when it comes due. But maturing debt can be replaced with newly issued debt. Rolling over the debt in this manner means that it need never be “paid back.” Indeed, it may even grow over time in line with the scale of the economy’s operations as measured by population or GDP."
Source:
Does the National Debt Matter?| St. Louis Fed

Anyone receiving money meets the guidelines the government set up it is no ones concern other than that. I have not received any payments but my kids have and I am very thankful for that.

Agree with you 99%. We are different in that no generation will ever repay these loans. The debt rating for the US will be equal to that of Venezuela and remember my words, in a few years you will see run-a-way inflation and this country's primary language will be Spanish and the Chinese will be our landlords.

I was thinking exactly the opposite: that the many hard working people who consistently passed up luxury vacations (or ANY vacation), cooked at home, didn't go shop for "in" brands at "upscale" stores, or buy the latest phone, boat, or auto, but instead made an interim payment in addition to their monthly mortgage payments, who made coffee and put it in a thermos for the morning commute and passed on the $5 coffee at S.B.'s, who paid back every cent they owed on students loans, and have never in their lives failed to pay their income taxes (unlike a number of IRS and other government employees, and that's certainly NOT a reflection on the many ethical retired government employees who live in our community, just a reference to the well publicized fact that a very high percentage of tax cheats work for the government compared to the population in general), and who never had the latest model of Niki shoes, cellular phones, or the largest home TV set, they are exactly the ones who ( if our government is just going to hand out "free" money for no real reason) should be getting the money. I am not one of them but sure wish I'd had their wisdom and forethought. They are the ones that made it possible for politicians to spend like "drunken sailors" as they say, no accountability at all. Usually the ones who get nothing are the ones who work hard, do without, and contribute the most.

The real scam is the $350 billion in the package that is going to bail out irresponsible state and local governments like Chicago, California and Connecticut because of many years of poor fiscal management. There financial problems existed long before Covid and now they are getting bailed out on the backs of responsible tax payers. Very sad. As far as the $2,800 stimulus my wife and I recently received, we will be needing at least that to cover the ever increasing price of gas and oil since the new administration has taken over.

:bigbow:

You don’t have to accept it. They can’t pick and choose. Based on IRS income. Some people live within there means and are frugal and some are far above there means and indebtedness.

The businesses you spend your unwanted stimulus money on will be glad you chose to help keep their employees employed.

Yes, the debt can be replaced with new debt, as long as the U.S. has a good credit rating. But, at some point, a bad credit rating will prevent the debt from being replaced, or the interest rate will greatly increase, creating even more debt, and eventual economic collapse.

If the govt. had to pick through those that are retired, with pensions, paid off houses and money to spare, it would take forever and those that are in dire need of the check would have to wait that much longer. Just like Social Security and Medicare, there is fraud, but it wouldn't be a good idea not to give it to those that need it. Personally, I took my check and called a small, locally owned cleaning company to clean all of the ductwork in the house. I probably wouldn't have done that without that stimulus check. Basically, the money went right back in the economy, as it is intended to do. People can also just donate it to a charity, if they don't need it.

Yeah if only Connecticut had refused to fork over hundreds of millions every year to the Fed, which allocated it to states like Kentucky, Mississippi, Tennessee, and Alabama, we wouldn't have so much waste.

You beat me to it.

At some point the govt will either act responsibly or their will be an economic collapse.

Ratio of debt to the GNP keeps getting higher and higher.

That's not how government money works. The USA doesn't live in a vacuum. There are countries that owe our country hundreds of billions of dollars. We have an actual revenue stream. Yes we've added to the National debt. And yes I feel we need to start trimming some of the fat soon.

Right now though we're recovering from [politics politics politics] and a pandemic that no one could prepare for and put many of those people who used to earn too much to qualify for the stimulus are out of jobs. Thousands of businesses nationwide have closed their doors for good. Thousands have filed for bankruptcy, and put their employees out of work. I'm sorry it's such a GD inconvenience for you. Maybe try living in a country that has a government dictate what you may or may not own, and then you won't have to worry about feeling like somone getting a hand up is getting a single penny more than they "deserve."

It didnt fit the narrative of how she thinks the world works. At some point guess I should apologize for working all day and going to school at night and sacrificing when we are younger in hopes of living a better lifestyle down the road.

Nah dont think I will.

Depends on who doing the rating and can they be brought off?:)

I always thought oil and gas prices were set by supply and demand, and not by governments.
In early 2020 oil prices crashed because of the pandemic, when demand was at rock bottom.
Demand has now risen beyond production, so price goes through the roof.
Soon oil producers will step up production to take advantage of the high price, then when the glut of the stuff comes, prices will drop.
It's a never ending cycle.
I don't see anything political in it.

It’s a STIMULUS check. Go spend it locally to help businesses. Complain about where 90%of the rest of the money went.

Simple answer is don’t bitch about it and spend it with local businesses, or donate it to a soup kitchen or give it to someone less fortunate than you are.

People should stay out of other peoples business

Great answer

Read the Stimulus Bill Language ! After seeing how many Billions of dollars are spent on "Pork" you will graciously cash your check! The Kentucky Horse Racing industry and L'Oréal were beneficiaries of the previous Bill....

Amen

From the book that some people really believe. They really believe this. I really believe that no matter how little anyone makes, they can and should always put back money, even if it is only a dollar a week. YES, and that goes for anyone even in business. And that goes for the guy that owns a dry cleaner who bought himself a new Lexus. And they don't go out to eat, they save a little every week. Then people wouldn't go under in a crisis, at least for awhile. I don't want to give a "hand up" to someone who didn't live like I lived all of my life and I still live. Instead of saving money when some gets a windfall, they buy expensive makeup. I don't want to give money to them. No I don't.

I also think there's a lot of waste in these stimulus checks. I think it should go to people who can show they've lost wages from the pandemic shutdowns.

Your math is so wrong. Your assumptions are incorrect. Your accusations are insulting. Who are you to determine who should and who should not get the funds.
Sit back, relax, you are worried about something that is not within your control.

:clap2::bigbow::clap2:

Oh please!

For the record I didn't write this but its pretty funny.

Government Stimulus Package', Explained:

It is a slow day in the small TEXAS town of Pumphandle, and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit. A tourist visiting the area drives through town, stops at the motel, and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.

As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher. The butcher takes the $100 and runs down the street to retire his debt to the pig farmer. The pig farmer takes the $100 and heads off to pay his bill to his supplier, the Co-op. The guy at the Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her "services" on credit. The hooker rushes to the hotel and pays off her room bill with the hotel owner. The hotel proprietor then places the $100 back on the counter so the traveler will not suspect anything.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves. No one produced anything. No one earned anything... However, the whole town is now out of debt and now looks to the future with a lot more optimism......

And that, ladies and gentlemen, is how a 'Stimulus package' works! Are you stimulated,yet !!