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MORE FOURTH Stimulus $2000 Check! MORE BENEFITS FOR SSI & SSDI | BUDGET RECONCILIATION | Daily News - YouTube
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Whatsup youtube its joel, weve got your fourth
stimulus check update, things are looking
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even better for a 4th stimulus checks to the
new stimulus bills because of whats taking
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place today which we will get into the details
in just a moment.
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For those on ssi, ssdi, and social security,
your benefits are looking to be raised even
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higher because of rising consumer prices.
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Chuck schumer is starting the reconciliation
process to pass bidens huge spending bills
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with the GOP.
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And last video we talked about setting budgets
at this video I got the secret answer for
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you if things still don鈥檛 look good after
the budget.
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This is your stimulus and economic news update,
and I Hope your having a wonderful day.
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***If you don鈥檛 mind could you do me a huge
favor and destroy that like button for this
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video, I cant tell you how much it means to
me, truelife investing would not be here without
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you.And smash that subscibe button to stay
up to date on all stimulus and economic news
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that affects you and please if anyone ask
you for personal info or to contact them on
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whatsapp, its not me its fake
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So for those on ssi, ssdi, and social security,
in 2021, Social Security beneficiaries received
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a 1.3% increase to their monthly checks.
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And everyone was not a big fan of that whatsoever,
I know.
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But we are at a point now where so many people
are feeling the rising cost everywhere from
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gasoline is up over 56% year over year, to
groceries like bacon is up 13%, milk Is up
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7% and fruits are up 9%, so you can see that
, these prices are rising but for those on
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a fixed income that鈥檚 where its starts to
get really hard.
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So with this they are now considering for
raising the cost of adjustment living raise
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for those on ssi ssdi and social security
higher, and the last estimated raise was 5.3%
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which totally blows last years raise out the
water but now, they are considering raising
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it even higher because cost of goods is rising.
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This chart shows that from 1975, the cost
of living adjustment has slowly declining
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and those social security recipients can feel
it, because if we look at even the cost of
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housing over time you can see that there is
a steep incline on the housing cost, but then
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you look at the income that people are receiving
and social security recepients are still abiding
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by rules that were set in 1984, so its definitely
time for a change.
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And even though consumer prices are rising,
with what biden has in store for the social
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security program this should help those out
big time and having enough money to make it.
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Biden has also called for expansion of Medicare
by reducing the eligibility age to 60. to
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allow for more of our seniors to be able to
get the healthcare that they need at the right
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price that would not take away all of their
funds.
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He said he would fund this by adding an additional
tax of 3.8% to those making over 400k a year.
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And on top of that we have more money to go
to the disabled and elderly americans that
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we will talk about in a moment.
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So let me know what you think of whats going
on and is it enough.
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Where should it be at?
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Let me know your thoughts down in the comments
section.
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____________________
So the senate majority leader chuck schumer
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Has had a meeting with 11 democratic members,
of the senate budget committee, to get bidens
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2 huge trillion dollar economic bills.
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1 is the 2.3 trillion american jobs plan and
the 1.8 trillion american families plan.
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Chuck schumer is not wasting any time with
the bipartisan lawmakers trying to come to
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a compromise on the new stimulus bills.
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He has been getting the things together to
actually push this through because remember,
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we have one date that nancy pelosi gave us,
and that by july 4th we would have a bill
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on the floor in the house to vote on.
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Im thinking that she in the back of her mind
was thinking chuck schumers bill.
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Because these bipartisan bills that have been
coming through have literally cut bidens bills
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in half in cost and what they would do.
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And a lot of democrats are not having that.
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They want to make the biggest impact they
can and this is how there going to do it through
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chuck schumers budget reconciliation bills.
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The two bills, that were brought forth in
April, would expand the government-funded
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social safety net big time and would put huge
investments in the nation's roads and bridges,
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as well as transit systems, green energy,
veterans' hospitals and care for disabled
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and elderly Americans.
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This here would be huge for seniors because
for them concerning their healthcare and housing,
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two of the biggest expenses in their life,
biden has it in his american families plan
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to bring more funds to those programs to make
it cheaper and more affordable for everyone.
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I mean were not talking billions dollars were
talking trillions of dollars.
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Sen. Bernie Sanders said I wouldn鈥檛 vote
for a bipartisan bill, he added "The bottom
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line is there are needs facing this country.
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Now is the time to address those needs and
it has to be paid for in a progressive way
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given the fact that we have massive income,
wealth inequality in America."
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With chuck schumer going through the budget
reconciliation process this would allow for
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what everyone is wanting to be included and
that is the fourth stimulus check, because
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they have enough money to pay for it and send
out those checks to americans.
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Which leads us into the next segment which
is a fourth stimulus check
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_____________________
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Now we have been talking about this about
going to automatic stimulus checks for hard
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times, because I think we all can agree, that
waiting on congress to pass a bill, going
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back and forth between the republicans and
the democrats sucks, so something better has
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come along and its called automatic checks,
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And now we have more people pushing this actual
idea from congress.
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Because if they economy is doing great, then
overall we don鈥檛 need stimulus checks, if
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everyone is moving forward but when hard times
hit just like last year and they literally
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shut down the country, yeah I thought I would
never have said those words in my life they
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shut down the country and so the house ways
and means committee is now pushing for automatic
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stabilizers tied to the unemployment rate.
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So if a certain percentage of americans were
unemployed then these sweet stimulus checks
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would automatically be sent to americans that
need it the most.
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In the form of $2000 per adult and $1000 per
child up to 3 children.
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This would be the best idea ever because we
know that the stimulus checks work, and they
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do so much good for people to help them get
ahead and pay their bills.
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Because everyoen knows bills come every month
not everytime the political parties can agree
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to a stimulus bill which sometimes doesn鈥檛
happen for a while.
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So this first started with an outside group
coming in and telling biden about this idea
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but now we actually have a committee in congress
who is asking for this to be apart of the
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two huge trillion dollar plans we have already
talked about,
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So let me know your thoughts, because to me
regardless of who you vote for when people
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need help they need help and this removes
parties and focuses on people
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so let me know your thoughts down in the comments
section
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But last video we talked about setting budgets
and I hope you did that.
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I mean businesses set budgets, smart people
set budgets because it structures their money
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and gives them a gamplan.
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When people go to play sports professional
whether its football basketball baseball they
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got a gameplan and that鈥檚 what you need
for your finances.
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So if you did you budget and it still doesn鈥檛
look good, then you got an income problem.
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So in order to fix an income problem you have
to say can I make more money where im at,
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or do I need to get a side hustle or do I
need to find a new job, or lastly do I need
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to learn a new skill to make more money.
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Let me know where you fall in the comments
section and we will go from there.
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Also I feel that everyone needs to have their
money making them more money and you do that
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by investing.
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You can get you 2 free stocks with webull
worth up to 1850 dollars and also sign up
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with robinhood and get 2 free stocks worth
up to 500 dollars.
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Free money and start building your wealth.
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Those links are down in the description.
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I personally invest in the dogecoin, and also
the s&p 500.
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iv made quite a bit of money and
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I would like you to do the same and reach
financial freedom.
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***Don鈥檛 forget to subscribe , like this
video and and hit that notification bell,
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to stay up to date on stimulus and economic
news that affects you.and learn how to build
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some wealth.
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This is joel with true life investing until
next time peace out.
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