One way to fight a coronavirus recession: $1k for every American

Re:One way to fight a coronavirus recession: $1k for every A... by tjr225 on Monday March 16, 2020 @12:17PM (#22593934)

That also seemed like a comically paltry move. I still have to make my payments, after all!

In addition my wife and I have spent the last couple of years with two incomes wiping away our student debt on high incomes in Seattle - so the only loans I have left are pretty low interest.

The only way I can see this working for everyone is to simply halt the economy altogether. No mortgages, no bills, free food, free medical care. Once we get a hold on the disease itself we can deal with the economic impacts.

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Re:One way to fight a coronavirus recession: $1k for every A... by CubsFan1060 on Monday March 16, 2020 @12:21PM (#22593982)

I suspect the interest will help some quite a bit. Not everyone, of course.

I do think that the money would be better if targeted toward certain people versus peanut-buttered over everyone.

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Re:One way to fight a coronavirus recession: $1k for every A... by basch on Monday March 16, 2020 @02:23PM (#22595675)

But the payment doesnt go down, it just applies more to principal.

It will benefit people more in the long run, but it's not short term relief.

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Re:One way to fight a coronavirus recession: $1k for every A... by fortran77 on Monday March 16, 2020 @12:31PM (#22594122)

Of course, suspend the payments through this crisis, but why should you not owe it?

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