Bailout and payroll

A tax accountant in a video I watched said it was first come first serve but he didn't say how he knew.

I was thinking like you. I suspect business owners with employees will be more likely to get it and probably rightfully so.

Oh well, but you know we all have our situations. I had already paid and filed my taxes before this all happened. I could use some of that now so I don't benefit from the deadline extension. Most of us pay quarterly but I had an additional chunk I paid just before the virus hit.

 

A financial guy on the radio was saying the helicopter money, $1200 single, $2400 married, plus $500 for each kid, won't even start showing up until the end of April.

The States don't even have a clear directive yet on how to add the extra $600 plus, or how to pay self-employed folks who haven't paid into the system.

It's going to be awhile it appears. Which could be tough for some folks who were laid off awhile back. Seeing that a good percentage of ppl don't even have 2 weeks of living expenses in the bank.

 

Once peoples credit cards are maxed out, #### is gonna get real.

 

Hence the run on toilet paper. New world currency.

 

Electronic deposit could see end of april.

Those of us getting checks have 20 weeks wait time.

I would be surprised to see ANY part of the bill happen before May.

Congress won't be back till 20th.

 

$10,000 EIDL GRANT

 

It is not like the government did not know this was coming,they seen the results across the pond.
The could have prepared for this alot better.If a Broker,In comiforina knew about it by looking at fright coming in an not getting unloaded an kicked back to china,well there's something to say, an with all the so called intelligents they have planted all over the world, they knew an should have been prepared.to help out us tax payer right away.Oh an if you think this really started cuz some clown #### in china eat some bat,your cra cra IMO.think about what they all eat. they eat a lot of different stuff, an i am sure they been feasting on Bat for centuries.

 

I have been Living pretty cheap the last 9 months while I'm not working,usually use the credit card for rewards than payoff end of month.

Train of thought since this Corona took hold is carry my balance on my low or no interest cards. Its worth it to me right now to have the peace of mind to know I have years of cash reserve.

 

Cash is always king!

 

Except 2.5 trillion dollars of wealth Evaporated in the last 2 weeks , and another Trillion to 2 trillion could join it before the economy gets rolling.

Unless you are sitting on Gold or cash or toilet paper , your investments have been negativily affected by this virus .