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Post by seancass on Mar 27, 2020 17:30:52 GMT -5
Read an article that stated this "Bail Out" will add approximately $17K debt per American citizen (based upon 350 million citizens). The total was almost $70K per citizen. That is if the amount of debt is accurate, instead of understated. Well, 2-trillion divided by 350-million is only $5,700. So, I assume every person is going to get a $5,700 check? But we don't actually pay our debt, so the interest is effectively infinite. The math experts must add that up to $17,000 somehow. Our current national debt is 23-trillion. That's just shy of $73,000 per citizen. And climbing every second!
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Snyd
.375 Atomic
The Last Frontier
Posts: 2,388
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Post by Snyd on Mar 27, 2020 18:02:13 GMT -5
We are very fortunate and blessed to be in a position now in life where we are ok. We don't need the gubmnt bailout. I think we qualify, if we do we will probably look for some who need it more than we do and pass it on. It's been a lot of years since I was living paycheck to paycheck raising the kids on Mac/cheese and hotdogs but I I know what it's like. It can be tough on a family/marriage when "the well dries up". I know that one too.
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shorty500
.327 Meteor
too many dirty harry movies created me!
Posts: 911
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Post by shorty500 on Mar 27, 2020 18:38:56 GMT -5
Being a middle-aged, single, caucasian, male: I won't get a dime, I'll get a bill! That said, I'd go straight to the store and get me a STi 2011, single stack carry gun, which i would never carry. Exactly what I expect! Seriously though am considered an “essential employee” of a “essential” businerr. We’re a an engineering and design firm at heart-that supplies the chemical, food, beverage and transportation industries with replacement parts and/or custom machinery/parts for their ability to keep running in addition to our more recent ventures into providing test part samples and prototype devices to the medical machining industry. So we are running a minimum 10hr day 6 days a week regardless. That said if our crooked government sends me a check then woohooow spending spree to boost the economy
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JM
.375 Atomic
Posts: 2,423
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Post by JM on Mar 27, 2020 18:40:41 GMT -5
Read an article that stated this "Bail Out" will add approximately $17K debt per American citizen (based upon 350 million citizens). The total was almost $70K per citizen. That is if the amount of debt is accurate, instead of understated. Well, 2-trillion divided by 350-million is only $5,700. So, I assume every person is going to get a $5,700 check? But we don't actually pay our debt, so the interest is effectively infinite. The math experts must add that up to $17,000 somehow. Our current national debt is 23-trillion. That's just shy of $73,000 per citizen. And climbing every second! I was not able to relocate the article. Those types of numbers are like Greek to me. Guess it all depends upon how long you live & if you have children or not.
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Post by bigbore442001 on Mar 27, 2020 19:16:02 GMT -5
Hello All.
As of now, I am working remotely. I work for a private contractor for a government agency and so far we're still being paid. So I do not believe I will see any stimulus money. That can change in the future but as for the next two to four weeks, it will be business online as usual.
Then again the governor of Massachusetts called for all schools public and private to stay closed until May 4th.
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Post by 375supermag on Mar 27, 2020 20:26:43 GMT -5
Hi... I am retired but my wife still works. Looks like we will get a check. Not sure to do with it. Probably pay for some preventive maintenance on my car even though it gets driven only one day a week generally speaking. Been doing OK financially speaking so I really don't need the money.
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Joe S.
.401 Bobcat
Posts: 2,517
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Post by Joe S. on Mar 27, 2020 22:21:49 GMT -5
I have been ranting all day about that dad gum spending bill. I feel like it is that more than a “stimulus bill”.
That said, IF we get a check, we’ll likely deposit it in savings until this blows over in case one of the kids needs some help. Our kids are all grown. The baby is in nursing school and her husband is working but who knows how long. The oldest is married with a wife in nursing school and a 2 yr old. He is off work due to a fall at work that nearly shattered his hip. He is on temporary disability so at least he has a steady income but who knows what might happen. The two in the middle, one works off shore but has three kids and the other is a part time assistant at a GED center and is off work. He is living in a camper on his dad’s land so he is ok for now but will likely need help before all is said and done.
If we make it through with any left, we will likely give it to the church.
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Post by wildcatter on Mar 28, 2020 2:06:00 GMT -5
I'm wondering this early in the game why would anyone need bailed out? being retired pension and my SS my income hasn't changed but supposedly, I get a check? The wife is still working, supposedly she will get a check?? If she got laid off, she would draw her unemployment after her employer paying her unemployment insurance for over a decade without her using it. We would live just fine, as anyone should be able to if they have not been living beyond their means! I don't understand this, the dems were fired on for the deficit, now this jerk is pushing this and we all know its burying us, and about 6 months premature! How did we live in the 80's when 1/2 the country wasn't working,, or the last 4 years of Bush, how did we come back from that without this kinda spending? Since when does going into debt, get you out? ? I guess a business man running a country is what I thought it would be,,, totally confusing! He does know this is not one of his investments that bellied up, and he can't file chapter 11 like he always does, and makes us taxpayers pat for his screw ups don't he? ? Er OH,,,thats right, we will be the ones paying for it, since he's to smart to pay income tax, I think I see now. personally I think this far to early to dish out trillions when no one has even drawn unemployment insurance yet, we used to be strong willed enough to survive through a few months of hard times, now we are going to teach are young in this country, din't plan ahead for unforeseen hard times, if it gets bad you'll get money for nothing! I don't like this. But, I'm not a business man!
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Post by wheelguns on Mar 28, 2020 5:38:12 GMT -5
My whole life I was told to keep 6 months expenses aside in case something happens. Well, that is what I do, except I try to keep a years expenses. Why don’t these large corporations do this? After all, it is just a matter of scale.
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Joe S.
.401 Bobcat
Posts: 2,517
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Post by Joe S. on Mar 28, 2020 8:01:35 GMT -5
Wildcatter and wheelguns. I agree.
We do not have 6 mos put back but we do have a little, and we could always draw a loan from our retirement up to $50k (as long as the market doesn’t totally sink). That would carry us for a while. Then there’s the gun safe that I could liquidate, or trade for essentials if push came to shove. Would hate to do any of that, but I’d do what it took to keep my family housed. I can always go fishing or reopen deer season, kill a dove, some squirrels, or even a goose to keep em fed. Between that and my parents’ garden, we can keep groceries on the table.
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Post by wildcatter on Mar 28, 2020 9:21:08 GMT -5
I agree I have enough food on hand to tide me through the summer at least, pork and venison summer, Italian, whole hog, walleye, bluegill, crappie, venison steaks and burger, even a couple beef roast, a turkey and some small game. The pantry is pretty well stocked with can goods, and dri goods. I've froze a few loafs of bread and with city water we have 10 or 12 cases of bottle water. These are things we keep on hand all the time, but this is probably the first time we will benefit from it other than we seldom go to the store for much but dry goods and cleaners.
All lessons learned over the past 65 years raising 3 boys, now they are saying, I see what you were talking about. We live, and hopefully learn.
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Post by seancass on Mar 28, 2020 9:37:00 GMT -5
I started typing a rant about how stupid people are, being unprepared for even the Threat of inconvenience, but it's pointless. You guys know.
It wouldn't hurt to crunch numbers, think about push coming to shove. For example, this is a HORRIBLE TIME to take money out of retirement. Sell any gun that can be replaced before even thinking of pulling money from retirement. If you've still got granpa's shotgun, you can put food on the table. Anything bought on-sale at walmart is not sacred and can help pay bills, if they need paid.
We're a long way, i hope, from any concerns like that. Have a plan, but don't panic. Think! The idiots buying TP are panicking.
But this thread isn't about having a long-term plan! It's about how we'd spend a stupid little loan the government is giving us for no reason.
So, it's either that STi, or maybe a CZ. No, STI is made in USA. I think that's a deciding factor now.
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Post by dougader on Mar 29, 2020 19:20:17 GMT -5
We'll probably pay off bills that built up when I was recovering from surgery. Back to work now, from home... My wife's job is the one e worry about, though. They can't keep paying them to hang around without work getting done.
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Snyd
.375 Atomic
The Last Frontier
Posts: 2,388
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Post by Snyd on Mar 29, 2020 21:05:48 GMT -5
I guess now the "crazy peppers" aren't so crazy after all.
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Post by bagdadjoe on Mar 29, 2020 21:06:39 GMT -5
Spend it quick on "hard goods"...as soon as the big Carterian inflation hits, it will disappear like water into milk. I fear we are in the "best of times" right now, all downhill from here. Our poor kids and grandkids. Hope I'm wrong. Pray I'm wrong.
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