Democrat stimulus bill slammed by bond king Jeff Gundlach - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Billionaire bond king Jeff Gundlach slammed the Democrats' proposed new $3 trillion coronavirus relief bill — and said it would take total state aid to 'over 150% of Federal taxes'

while the total combined amount of state aid provided, if the Democratic bill passed, would pass $5 trillion.

His sentiments echoed the views of several prominent Republicans who have criticized the massive state aid programme. than extend federal aid that would require further deficit spending. He later rowed back the comments after a sizeable backlash.over the purpose of taxation if "endless" borrowing is viable. In a stinging attack, Gundlach appeared to suggest that the Treasury Department's levels of borrowing are unsustainable.

"It could even be a modest % of what they earn every year. We could have an agency collect it and everything," AOC said in her Twitter thread.Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

JELLO

OK and. Nobody gives a fuck

Guy hoarding money worried about others getting too much. There’s your corrected headline.

Where were this genius billionaires warnings when trump’s administration was tanking our economy through ignorance? If Gundlach is farsighted, why no warning? Or maybe he’s just not that brilliant. Our economy will be better off if everyone eats. Bond profits, who cares?

Tax rates for those who make fortunes off of pushing paper will undoubtedly go up so those types will not have to mow lawns and spread asphalt.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why we're saving our stimulus checks instead of spending the cash - Business Insider'We felt good about the plan we had come up with ... for a few days. But then, as tends to happen in this coronavirus environment, things changed.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

What the 'phase 4' stimulus package might look like - Business InsiderThe next stimulus plan could include more checks for Americans. Here's what else DC power players want to cram into the bill — and who would benefit most. It's so ironic that for the longest time in history, Americans have frowned upon the idea of socially conscious state or leaders, yet today they embrace it with both hands.They eagerly pump billions into the industry's business & let the poor starve.The Americans are hypocrites Republicans just blow it off the shelf Mrs. Pelosi is cute.
Source: BusinessInsider - 🏆 729. / 51 Read more »

House Democrats push new round of stimulus checks in coronavirus billHouse Democratic leaders are pushing for another round of stimulus payments of up to $1,200 per person in new coronavirus relief legislation that's headed for a vote on Friday. Bleed the Taxpayers Dry is their motto... Hell fucking yeah Another? We both still haven’t received the first one! And we always do direct deposit.
Source: MSNBC - 🏆 469. / 51 Read more »

House Democrats Open Bidding on the Next Stimulus Round With $3 Trillion BillPelosi’s proposal includes a new round of checks for individuals, and a big new fund for state and local governments. SpeakerPelosi This is such bullshit. Esp now that people making more than your means test amt have now been furloughed. UBI is the only answer. Stop kowtowing to special interests and the GOP!!! I’m not rich! I need $600 too. Great....still waiting for my first one....
Source: NYMag - 🏆 111. / 63 Read more »

House Democrats introduce stimulus bill, includes funding for state and local govts'Democrats did something smart here, in that they put down their priorities on paper,' GarrettHaake reports of $3T rescue bill proposed in the House. 'Now whether or not this bill has any chance of becoming of law, it’s got a very tough road.' GarrettHaake 5 Key Provisions in COVID-19 Bill That Will Hurt Our Economy GarrettHaake Repubs are Pro-Life before you're born. After you're born, you're nothing. GarrettHaake No
Source: MSNBC - 🏆 469. / 51 Read more »

Q&A with Veritone One's head of podcasting - Business Insider - Business InsiderThe head of podcasting at Veritone One spoke to Insider Intelligence about how advertisers have shifted priorities in light of the pandemic's impact on podcast listening
Source: BusinessInsider - 🏆 729. / 51 Read more »