$1,200: What An Insult

Ed.'s note: Dear readers, tell Steven Mnuchin at the US Treasury to go shove it. Do you actually think a check for $1,200 is going to relieve you of the US debt of roughly $23 trillion? What contempt these people like Mnuchin have for the American people with a $1,200 check where the average American student debt is $46,000. Credit card balances carried from one month to the next hit $466.2 billion in December 2019. This was according to NerdWallet's annual analysis of U.S. household debt. According to Experian's 2019 Consumer Debt Study, total consumer debt in the U.S. is at $14.1 trillion, with Americans carrying an average personal debt of $38,000. This in addition to millions of small businesses getting the shaft. And Steven here wants to give you a check for $1,200 as the American economy is in meltdown. Thanks, Steven, really good on you. What did your buddies at Goldman Sachs walk off with in bonuses for in 2019? Maybe the $1,200 will buy some rice. What an insult. And Steven, did you notice the US military is rebelling? Send that message to President Trump. What we demand is an economic miracle like writing down the debts. However, we have the suspicion this about is introducing the concept into the public of a guaranteed monthly income as people are moved into smart cities connected to the IoT.
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Source: New York Post

Some people may not get stimulus checks until August

April 3, 2020 | Associated Press

Treasury Secretary Steven Mnuchin AP

WASHINGTON — The federal government expects to begin making payments to millions of Americans under the new stimulus law in mid-April, but some people without direct deposit information may not get checks until mid-August or later, according to a memo obtained Thursday by The Associated Press.

The document from the House Ways and Means Committee says the IRS will make about 60 million payments to Americans through direct deposit in mid-April, likely the week of April 13. The IRS has direct deposit information for these individuals from their 2018 or 2019 tax returns.

Then, starting the week of May 4, the IRS will begin issuing paper checks to individuals, the memo says. The paper checks will be issued at a rate of about 5 million per week, which means it could take up to 20 weeks to get all the checks out. That timeline would delay some checks until the week of Aug. 17.

Treasury Secretary Steven Mnuchin said Thursday that while he initially pledged to get payments started within three weeks of the law’s adoption, "I'm now committing to two weeks. We're delivering on our commitments."

The IRS, which he oversees, will ensure that "within two weeks the first money will be in people’s accounts," Mnuchin said during a White House briefing.

"This money does people no good if it shows up in four months," he added.

The memo from the committee's Democratic majority says the timeline it made public Thursday was based on "extensive conversations with the IRS and the Department of Treasury." The timeline is subject to change, given ongoing discussions between Congress and the Trump administration.

Please go to New York Post to read the entire article (if you want to waste your time).
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