February 1. 2021

Joe Biden

U.S. President Joe Biden is already going back on his campaign promises. First, Biden stated the stimulus checks would be $2,000. Then he stated $1,400. Now Biden is entertaining talk of a $1,000 stimulus check per person to people in America who are eligible (earn under $87,000 per year). Biden has also signaled he is open to backing away from his campaign promise of a $15 per hour minimum wage.

Biden has been looking quite grim since taking office this month. After making many campaign promises in fighting tooth and nail for the heavily contested presidency, now the 78-year-old has the job and he's overwhelmed, and reality is setting in. I'm not trying to be mean, but as stated before, he does not know what he is doing and can't deliver on his promises of fixing America's economy, environment or political problems (Joe Biden Tax Plan Slammed And Debunked On '60 Minutes').

America is the only major nation that has failed to give its people a monthly check during the pandemic. For Biden to state "America is back" and "ready to lead" the world, yet he and Congress are not doing what is need to help the American people through this pandemic, speaks volumes. How can you lead the world when you cannot even provide strong leadership at home in helping people negatively impacted by the pandemic. People are out on the streets because of the lack of financial assistance during this thoroughly damaging pandemic.

STORY SOURCE

Stimulus: Republican senators offer $618 billion counterproposal to President Biden's $1.9 trillion plan

Updated Mon, February 1, 2021, 12:37 PM·- A group of 10 Republican senators unveiled a scaled-down $618 billion stimulus proposal on Monday that includes $1,000 stimulus checks and less funding for unemployment benefits than President Joe Biden’s $1.9 trillion stimulus plan.

“Our proposal reflects many of your stated priorities, and with your support, we believe that this plan could be approved quickly by Congress with bipartisan support,” the senators wrote in a letter to the president on Sunday.

The proposal introduced by Senators Susan Collins (R-ME), Lisa Murkowski (R-AK), Mitt Romney (R-UT), Rob Portman (R-OH), and Bill Cassidy (R-LA) and five others has a much lower price tag than Biden’s $1.9 trillion stimulus plan he unveiled in January. The Republican senators asked for “more targeted assistance than in the Administration’s plan,” according to the letter.

The $618 billion plan includes an additional round of stimulus checks, but the payments are cut down to $1,000 versus $1,400 payments in Biden’s plan...Biden and Vice President Kamala Harris are scheduled to meet with the 10 Republican senators on Monday to discuss the proposal.

“[Biden] is restricted in how many changes he could make to what the Democratic caucus and Congress are already [putting] forward,” Harkins said. “It’s possible that these talks could put forward a compromise that changes either the amount of money per month or the income level at which people are receiving the benefits, but it is a heavy lift to change both.”

https://money.yahoo.com

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