Joe Biden unveils $1.9 TRILLION in new COVID relief including $1,400 checks to take total to $2,000, a $15 minimum wage and $160B to solve ‘dismal’ vaccine rollout as he promises 100million shots will be delivered in his first 100 days
- President-elect Joe Biden said he will ask Congress to green-light another $1.9 trillion in COVID-19 relief funds
- Biden unveiled broad details of a rescue package he wants implemented once he’s sworn in during a primetime speech in Wilmington Thursday night
- He’ll ask Congress for $1,400 more for relief checks, making the total $2,000 like President Donald Trump demanded, and boost unemployment dollars
- Biden’s plan also outlines loftier goals, like implementing a national $15 minimum wage, which was a campaign promise
- The president-elect would like to see $160 billion go toward a national vaccination program from the $400 billion fund he wants for COVID
- Incoming senior administration officials called the vaccine roll-out under Trump ‘worse than we could have imagined,’ while Biden said it was ‘dismal’
- The Biden team believes that they’ll still be able to vaccinate 100 million Americans within the Democrat’s first 100 days
President-elect Joe Biden asked Congress to green-light another $1.9 trillion in spending to rescue the country from the COVID-19 crisis during a primetime address Thursday night from Wilmington.
‘I look forward to working with members of Congress in both parties to move quickly to get the American rescue plan to the American people,’ Biden said in a speech at the Queen theater.
Biden unveiled the broad strokes of a rescue plan that includes items that will likely have some bipartisan support – like an additional $1,400 for Americans – boosting the total to the $2,000 per adult President Donald Trump demanded in December.
‘$600 is simply not enough if you still have to choose between paying rent and putting food on the table,’ Biden observed.
But it also outlines loftier goals, like implementing a national $15 per hour minimum wage, a campaign promise the Democrat made.
‘People tell me that’s going to be hard to pass. Florida just passed it,’ Biden noted, name-dropping Trump’s adopted home state, which voted for Trump and has two Republican senators and a GOP governor. ‘The rest of the country is ready to move as well,’ he said.
Overall, $400 billion of the $1.9 trillion is specifically geared toward combating the virus, including $160 billion to go toward a national vaccination program.
‘The vaccine rollout in the United States has been a dismal failure thus far,’ the president-elect noted. read more
Gordon Duff posted articles on VT from 2008 to 2022. He is a Marine combat veteran of the Vietnam War. A disabled veteran, he worked on veterans and POW issues for decades.
Gordon is an accredited diplomat and is generally accepted as one of the top global intelligence specialists. He manages the world’s largest private intelligence organization and regularly consults with governments challenged by security issues.
Duff has traveled extensively, is published around the world, and is a regular guest on TV and radio in more than “several” countries. He is also a trained chef, wine enthusiast, avid motorcyclist, and gunsmith specializing in historical weapons and restoration. Business experience and interests are in energy and defense technology.
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Bonds are up a little bit.. Black Rock (PNC) has been floating cash to the fed and treasury.. in that mix is student loans – few trillion.. there is talk about wiping the cary trade out, on the SLU’s and canceling the debt..
a bak door default/devaluation v/s straight buk; frees a lot of cash up for the expanding debt to cover interest:: fed underwriting new loans on a set-aside; the defaults rates on unforgive SLU’s is thru the roof..
heard numbers in the hi teens – lo 20’s. Blackrock has no interest in debt colletion on un-secured assets.. add in C19, the numbers are probably over lifeexpactations of the debtor.. 20 yr/slu/note now 35.. the lo20’s now mid 20 and lo 30 / defaulting.. that means on a 10 year note @ 1/5 – blackrock swaps can only recover 70cents on the dollar.. trauncehed 10 is 15% and the rest bad paper for 30
well se how this is played out.. godzilla taxes – brackets – loopholes are maxed out.. the fed and treasury are bankTrumped.
Yes, the best time to default on a loan, is when you have military superiority.
Someone please call London and tell them we no longer wish to take their calls.
Another wonderful consequence of the forthcoming Biden/Harris administration is the impending, “Domestic Terrorism Act” which the contrived theater in D.C. on Jan. 6th promulgated. The false flag of 9/11 shredded the Bill of Rights. The Covid hoax shredded the pieces further. The “Domestic Terrorism Act” will sweep away the remains of it like driftwood hit by a tsunami. Welcome to the Union of Soviet States of America.
Admirable, but then again for a hundredth time in US administration goes the shock and awe campaign. Still Biden will have to show will he be a factor of regional and global political and economic stability. Cause carpet bombing and indebting cant go on forever.
I think that $1400 checks and $15 minimum wage are government actions will be reach everyone even Trump supporters and can serve to calm down a bit agitated sentiments….
this will be more than the positive aspects of 4 years of trump in one day
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