I agree $ 1,200 won't go far. But my point it that $ 1,200 won't go anywhere for guys like us. It will not cause new consumption, production or debt relief. Middle class retirees are generally not needy and their spending patterns are pretty much fixed. I appreciated it though.
And I should add any cash payment should be targeted, we get more stimulus bang for our buck.
(03-27-2020, 01:24 PM)j.p. Wrote: I agree $ 1,200 won't go far. But my point it that $ 1,200 won't go anywhere for guys like us. It will not cause new consumption, production or debt relief. Middle class retirees are generally not needy and their spending patterns are pretty much fixed. I appreciated it though.
And I should add any cash payment should be targeted, we get more stimulus bang for our buck.