$2000 STIMULUS CHECK BILLS REALLY DEAD?? | Summary and Q&A

TL;DR

The $2,000 stimulus check that was previously talked about is no longer being discussed due to the unrealistic cost and other priorities in the current political climate.

Key Insights

• 🪘 The $2,000 stimulus check is no longer being discussed due to its unrealistic cost and other political priorities.
• ✋ The cost of implementing the $2,000 monthly payment would be significantly higher than the $1,200 stimulus check.
• 🥳 Prioritizing the concerns of different political parties and avoiding excessive inflation were also factors in the decision to not pursue the $2,000 stimulus check.

Transcript

yo what's going on you guys welcome back to another video so I know right now with the heroes act we're seeing so much news and it's definitely occupying a lot of people's heads and one of the questions that comes to mind is whatever happened to that $2,000 a month stimulus check this was the talk of the town on YouTube and in the news for the past... Read More

Questions & Answers

Q: Why is the $2,000 stimulus check no longer being talked about?

The $2,000 check is not realistic and would cost the government significantly more than the $250 billion it cost for the $1,200 stimulus check. Additionally, there are other political priorities that need to be addressed, and the potential for inflation is a concern.

Q: How much would the $2,000 monthly stimulus check cost?

The ABC Act alone would cost upwards of $10 trillion, which is more than the entire CARES Act. The Emergency Money for the People Act was estimated to cost around $0.5 trillion, and the Monthly Economic Crisis Support Act was estimated to cost over $3 trillion.

Q: Why didn't the $2,000 stimulus check pass?

The high cost, lack of prioritization of other political concerns, and the potential for excessive inflation were major factors in the failure to pass the $2,000 stimulus check.

Q: What are the potential consequences of implementing a $2,000 monthly stimulus check?

It could lead to significant inflation and could potentially provide households with additional income that surpasses six-figure salaries, causing concerns about fairness and sustainability.

Summary & Key Takeaways

• The $2,000 stimulus check was proposed in different bills, such as the ABC Act, the Emergency Money for the People Act, and the Monthly Economic Crisis Support Act.

• These bills had varying benefits and income requirements, but the common theme was the $2,000 payment.

• The $2,000 check is no longer being discussed due to its exorbitant cost, other political priorities, and the potential for excessive inflation.