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Old 12-23-2021, 02:17 PM   #28
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Member#: 161333
Join Date: Oct 2007
Chapter/Region: NWIC
Location: snoco wa
20 Yami XSR
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Originally Posted by VarmintCong View Post
The $600 (and $1200 and $1400) checks were like 10% of the stimulus. There was also a freeze on rent payments, freeze on student loan payments (the latter is still active), thousands in child care payments, plus the trillions in stimulus that went into the stock market, bitcoin, real estate etc.

It'll crash hard if the stimulus ends. Biden just announced an extension of the student loan moratorium to May, so we'll see.
The child care payments get me man... they're basically just advance "payment" of a tax credit. People are getting these payments and thinking that it's just free money, yet they're all going to be scrambling when mr IRS comes looking for all that money back because they already figured their child care tax credits into their W4's... They're setting millions of people up to financial ruin in April... We started getting them and I was like WTF? No thank you - thankfully it's easy to stop the payments, but I can only imagine that people are spending that **** on things like car loans...
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dwf137 is offline   Reply With Quote