Permanent Stimulus Money?

 Permanent Stimulus? 

So, the nominee to the Sec. of Treasury, former Chair of the Federal Reserve Janet Yellen and Mr. Biden are talking about a continuing stimulus.....

At least until the end of the Covid Pandemic. 

What is being talked about includes the following. 

Almost an instant $2000 check when Mr. Biden takes office. 

The stimulus would include the following-

-  Regular $2000 checks? Monthly? 6 weeks?  Quarterly?

-  An increase in Social Security payments.

-  An increase in Social Security disability benefits.

-  A possible wiping away of student loan debt, up to $50,000.

Of course the " Daily Diary of the American Dream" ( AKA The Wall Street Journal had an Op-Ed piece against it this morning.....This is the same WSJ who says not a word when the government bails out businesses that should be allowed to fail for poor businesses decisions. Chrysler two times in my life has been bailed by the U.S Government...and now Chrysler is owned by the Italians.....Fiat. In 1983 the original time Fiat was here, I worked with a teacher whose 2 month old Fiat Spider caught fire in the parking lot at the school in Magnolia. The car had been cut off for 3 hours. Engine burned up, poor electronics.)  

I do worry about inflation, the international currency market( dollar weakness against the ¥, £, € , but something needs to be done to jump-start the economy.

And as always, you feel guilty about the money, send it to me. I will make good use of it.