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SlugSlinger

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House Democrats unveil bazooka
Mar. 18, 2020 5:43 PM ETBy: Stephen Alpher, SA News Editor115 Comments
  • The House plan calls for at least $2K per month to be paid to all adults and $1K per month for each child as long as the crisis continues.
  • All consumer and small business credit payments would be suspended. The Fed or Treasury would set up a facility to reimburse creditors/servicers in place of those consumer payments. No negative credit reporting would be allowed during this time, and debt collection would be prohibited.
  • There's plenty more ... $5B for homeless, $10B for community block grants, forbearance for mortgages on rental properties (while rent payments are suspended), but this gives a taste.
 

JD8

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House Democrats unveil bazooka
Mar. 18, 2020 5:43 PM ETBy: Stephen Alpher, SA News Editor115 Comments
  • The House plan calls for at least $2K per month to be paid to all adults and $1K per month for each child as long as the crisis continues.
  • All consumer and small business credit payments would be suspended. The Fed or Treasury would set up a facility to reimburse creditors/servicers in place of those consumer payments. No negative credit reporting would be allowed during this time, and debt collection would be prohibited.
  • There's plenty more ... $5B for homeless, $10B for community block grants, forbearance for mortgages on rental properties (while rent payments are suspended), but this gives a taste.

I was like holy chit this is nuts..... then I saw the author then it all made sense.
 

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