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CASH PAYMENTS Called For | Fourth Stimulus Check Update | Student Loan Forgiveness - YouTube
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Today I ll tell you about how stimulus checks
could be in the next stimulus check package
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but under the name cash payments.
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I ll tell you about the US economy is stuck
between a rock and a hard place.
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I ll tell you who might be getting $120 billion
in funding and I ll update you on the student
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loan debt forgiveness situation.
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Hello and welcome to today s July 27th, Daily
News report as well as ongoing stimulus check
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package information video.
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If you re a subscribed member of my community,
then welcome back.
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And if you re not, consider subscribing right
now So I can keep you up to date on what s
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going on in Washington DC, The US Economy,
the Stimulus Check Package programs, money,
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investing and more.
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In a few days, the $3000 giveaway Kacey and
I are doing to help members of our community
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win some cool community merch or $250 cash
will be ending soon.
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I ll leave a link in the video description
section.
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I d like to thank today s video sponsor Omaze
and I ll tell you how to win one of their
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incredible prizes or cash a little later in
the video.
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Before the pandemic over 60% of Americans
would struggle to cover a $500 emergency and
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over 50% were living pay check to pay check.
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So how do politicians not think an 18 month
emergency would have financial repercussions
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on this 60%.
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Many haven t had a $500 emergency, they ve
had months of $500 emergencies.
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The US government is in a very sticky situation.
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On the one hand they have bills that need
to be passed in order to improve the physical
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infrastructure and create new jobs.
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On the other hand, they have spent more than
double what they bring in in taxes from the
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people.
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On the one hand they have $28 trillion in
debt and will have to raise the debt ceiling
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in order to avoid defaulting on loans owed
to other countries, US backed bonds and T
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bills as well as shutting down the federal
government.
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On the other hand, they have 10 s of millions
of people on the verge of poverty, eviction,
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falling below their income as prices rise
at the pump, grocery store and just about
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every where else.
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Don t envy the position these politicians
are in yet they continue to fight each other
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instead of work together.
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Treasury Secretary Janet Yellen said the United
States must raise their debt ceiling before
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the end of September or their will be massive
consequences.
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In 2011 under then president Barack Obama,
the debt ceiling was not raised.
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The United States reputation for paying its
debts dropped and so did the stock market.
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Republicans plan to use this debt ceiling
issues to negotiate wasteful spending out
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of the $3.5 trillion spending bill.
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Senator Thune said the $3.5 trillion spending
bill is full of discretionary spending that
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does not need to happen right now.
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However, democrats are already pushing back
on this idea saying their agenda items are
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necessary and will change the country for
the better.
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However, the bill and the country changing
agenda items aren t in writing so we don t
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know what they plan to spend the $3.5 trillion
on.
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Now I have a lot more to share with you, but
first let me tell you about todays video sponsor.
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Pause
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According to an article on The Hill, future
generations will likely live a much lower
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level of living standards.
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One economist said the America of the future
could be markedly different than what we know
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now if productivity isn t increased and debt
reigned in.
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House Speaker Nancy Pelosi said she isn t
working on a bill or plans to bring a bill
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to the floor until the senate does.
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So unlike last year where she was leading
the charge on bills, stimulus check packages
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and everything else, now she is defaulting
to waiting on the Senate to know what will
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be in the American Families Plan.
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Will there be a $2000 stimulus Check.
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It seems all her efforts right now are on
the January 6th capitol breach.
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I d like to know the truth of that day, but
I d also like to see her look out for the
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10 s of millions of Americans struggling right
now.
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According to an article on CNN democrats would
like $120 billion to be added to the American
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Families Plan to help around 8 million people
become citizens of the united states.
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These 8 million are in the DACA program.
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However, its not clear whether the Congressional
Budget office or the Senate Parlimentarian
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would allow this into a reconciliation budget
vote.
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So this $120 billion could be part of the
$3.5 trillion or it might be rejected.
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Democrats knows that Republicans aren t going
to vote to spend $120 billion so they want
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to try to put it into the American Families
Plan.
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Representative Jesus Garcia of Illinois said
he won t vote for the $3.5 trillion bill unless
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it has immigration reform and a path way to
make more immigrants citizens.
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Other democrats in the House have expressed
similar views.
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Representative Jayapal says it is time for
the Biden administration to get serious about
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wiping out poverty in the United States.
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They have full power and she wants to see
cash payments going to the poor.
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Now representative Jayapal didn t say how
much she wants to see as cash payments but
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when I hear cash payments I think of the words
stimulus check.
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I also think of the words Universal Basic
Income.
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It appears Jayapal might be gearing up to
thrown Cash Payments into the American Families
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Plan once we get
to
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that stage.
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I ve said for over a month now that I don
t think stimulus checks or cash payments will
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happen for 167 million americans but according
to many economists there are about 25 million
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americans that stand in great need of cash
payments
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or
a 4th stimulus check.
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By the way, thank you so much for giving my
videos a like.
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The research required to do one of these videos
takes hours and hours of research so I hope
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you find value in them.
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Going back to the debt ceiling situation,
the United States technically runs out of
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money at the end of July.
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However, secretary of treasury Janet Yellen
says she will deploy extraordinary measures
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to get the US through the end of September
so Washington DC can get through their 2 infrastructure
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bills.
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Yesterday tens of thousands of Americans marched
in Washington DC asking for President Biden
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to step up and help Cuba gain its freedom.
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So far the white house has been quiet on helping
Cuba.
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Today Senators Warren and Schumer called on
President Biden to extend the moratorium on
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student loan debt and the immediately wipe
out $50,000 of student loan debt.
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These two said, this move would immediately
help 43 million americans.
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The student loan debt to the United States
Government is $1.6 trillion collectively.
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Last Fall then President Trump signed into
law the student loan debt repayment being
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pushed off.
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However, Schumer and Warren say they are disappointed
President Biden hasn t done much to help those
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with student loan debt.
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Schumer said, To make borrowers repay their
debts now would be unfair, would be harsh,
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and in many instances would be cruel.
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People were thrown off their stride by COVID.
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Give them a chance to recover,
Representative Ayana Pressley said come September
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many students will have to choose between
paying their debt or food or housing.
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This incredibly unfair.
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This is an issue that will need to be dealt
with soon.
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An issue that needs to be dealt with even
sooner is how many are on fixed income and
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already having to choose between paying a
bill and food.
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Many under social security benefits have been
waiting for President Biden to keep his campaign
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promise of increasing social security administration
monthly benefits by $200 a month.
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There is always so much going on in Washington
DC.
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There could be money for helping new citizens
but not existing citizens.
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There might not be stimulus checks but there
could be cash payments or survival checks.
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The focus and the language around who will
be helped seems to change every few days.
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I appreciate you being in my community while
I try to break this all down in a short of
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a video as I can make it.
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This is my update for today.
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As I know more I will come on and share more.
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Make sure to sign up for the Omazing opportunity
from Omaze.
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The opportunity to win a dream home or over
$1 million in cash.
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Ill leave a link below so you can go sign
up.
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Before I go, I wish to remind you, that you
are amazing.
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I appreciate you being in my community
And I ll see you on the next video.
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