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Originally Posted by Bytor Peltor
Tough decisions are being made and the end of July is looming! The end of July is when many will stop receiving their $600 stipend per week from the federal government and the question becomes......what happens then?
Also, all of the Paycheck Protection Program (PPP) money will soon be running out. Companies will no longer be paid to keep employees employed even though they can no longer afford to keep them.
14 trillion dollars has been pumped into our economy over the past five months. No one wants to appear heartless just before an election, so President Trump is seeking an additional trillion dollars while Nancy Pelosi wants another THREE TRILLION.
Be it the end of this month or the end of the year, the government handouts will run out and financially speaking things will get very bad!!!
A depression greater than the 1920’s is looming and this November the voters will be deciding who leads us out of it!!!
There are a lot of people who didn’t like Trump in 2016, but they voted for him! The question come November 2020......how many will blame Trump for a world wide pandemic?
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Trump extends unemployment benefits, defers payroll tax
“Bypassing Congress, President Donald Trump on Saturday signed executive orders deferring payroll taxes for some Americans and extending unemployment benefits after negotiations on a new coronavirus rescue package collapsed.”
“Trump said the payroll tax cut would apply to those earning less than $100,000 a year. He said that if he is reelected in November, he would look at the possibility of making the payroll tax permanent.
Extra aid for the unemployed will total $400 a week, a cut from the $600 that just expired.
Trump also signed executive orders holding off student loan payments and extending the freeze on evictions.“