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Remember the phases of stimulus we've had:
Phase 1: Test Funding
Phase 2: Health and Hospitals Funding
Phase 3: CARES Act ($1,200 Stimulus Checks, PPP, EIDL)
Phase 3.5: More PPP, EIDL Money for Small Biz
Phase 4: Heroes Act (Pending extra $1,200).
Breaking news! The Treasury Department JUST issued an announcement that they’re delivering 4 million Economic Impact Payments (EIP Stimulus Checks) via Debit cards authorized in the CARES Act. This ONLY applies to Andover and Austin tax filers who did not have direct-deposit information on file and is leading to serious questions: is this a trial run for universal basic income or a big new stimulus proposal? Why else would they issue debit cards in just two regions of the states unless this was a trial program for something larger? This is a massive move and HUGE indicator for things to come.
This is my take on whether there will be a second stimulus check. First, we know that the Federal Reserve and popular economists make it very clear that now is NOT the time to focus on the debt or the Fed's Balance sheet. Now is the time to make sure the economy is not permanently scarred. Well to see if they'll actually be another round of stimulus - another stimulus check - it's helpful to see how the CARES Act #1 was passed. When we understand how the last CARES Act was passed, we'll know a lot more about the likelihood of the HEROES Act (HR 6800) passing - it'll help us weed out the noise of political screaming between Mitch McConnell and Nancy Pelosi. We'll also look at the Emergency Money for the People's Act (EMPA), which offered $2,000 per month.
https://home.treasury.gov/news/press-releases/sm1012
http://www.eipcard.com/
https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know
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By Stock Chat

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34 thoughts on “Breaking! treasury issues new stimulus debit cards!”
  1. Avataaar/Circle Created with python_avatars Stacy Brown says:

    Amen. Hauilliah. Thank. You. Jesus.

  2. Avataaar/Circle Created with python_avatars Stacy Brown says:

    Amen. Hauilliah. Thank you. Jesus.

  3. Avataaar/Circle Created with python_avatars Stacy Brown says:

    That. Right. Amen.

  4. Avataaar/Circle Created with python_avatars Stacy Brown says:

    That. My. God. Because. He. Love. The. People. Because. My. God. Is. Love.

  5. Avataaar/Circle Created with python_avatars Stacy Brown says:

    That. Not. Your. Work. That. God. Work. Amen. Thank. You. Jesus.

  6. Avataaar/Circle Created with python_avatars Stacy Brown says:

    Amen. Amen. Yes. Yes.

  7. Avataaar/Circle Created with python_avatars Stacy Brown says:

    Amen. Hauilliah. That. My. God. Is. Do. Good. Ball. Time.

  8. Avataaar/Circle Created with python_avatars Stacy Brown says:

    Hauilliah. Amen. Thank. You. Jesus.

  9. Avataaar/Circle Created with python_avatars Stacy Brown says:

    That. My. God. Is. So. Good. All. Time. That. My. God. Amen.

  10. Avataaar/Circle Created with python_avatars Stacy Brown says:

    Amen. Hauilliah. Amen. God. Is. So. Good.

  11. Avataaar/Circle Created with python_avatars Stacy Brown says:

    Amen. My. God. I
    Is. So. Good
    Amen. Hauilliah. That. My. God.

  12. Avataaar/Circle Created with python_avatars Teddy says:

    I fucking love you Kevin 😍

  13. Avataaar/Circle Created with python_avatars HeavenBound777 says:

    Can you talk about Trump's gold member card?

  14. Avataaar/Circle Created with python_avatars Shrimp says:

    Talk talk talk Republicans are not going to kill Americans another check that’s all they are is if they really cared they would’ve gave a check along time ago all we really needed it people are living in abandon building under bridges in their cars and in the street waiting in long lines for food and a lot of them are still being evicted now tell me does the government careNo they don’t care what we need to do is just like Trump said clean the swamp of her publicans they are just gonna take your money and letting people suffer people need to boat boat boat and get the scumbag politicians out of office now

  15. Avataaar/Circle Created with python_avatars Szymon Kamiński says:

    Sometime ago I saw a comment on a video about a certain Mrs Kamburi Val who has been helping lots of people to make good money through binary option trading, I had doubt at first but took the step to contact her and followed her instruction, I must say now I make good money trading with her.
    kamburivalbona@gmail. com

  16. Avataaar/Circle Created with python_avatars Melissa Cranfield says:

    So they can track where you spend your money!!!

  17. Avataaar/Circle Created with python_avatars Natasha Ellison says:

    Hidden agenda.

  18. Avataaar/Circle Created with python_avatars Holly Hatch says:

    "Individual" cards aint that bad of an idea. I think i like it ♡

  19. Avataaar/Circle Created with python_avatars Logan Crawley says:

    they do this in CA already thru BOA….this is going to piss off a lot of senior citizens

  20. Avataaar/Circle Created with python_avatars Twinn Mays says:

    This is the same bank that gave out our tax payments years ago if u did direct deposits in California

  21. Avataaar/Circle Created with python_avatars Michael Shirey says:

    The IRS may be setting up a tax refund, so as not to worry about mail fraud.

  22. Avataaar/Circle Created with python_avatars morthim says:

    this would all the centralization of banking, which would create the abbility to force QE to work.

  23. Avataaar/Circle Created with python_avatars morthim says:

    planned

  24. Avataaar/Circle Created with python_avatars Louise Hall says:

    Mr president we the people need the $1,200.00 .please sign the bill.

  25. Avataaar/Circle Created with python_avatars Cyndi Stahl says:

    Maybe they can keep track of how you spend the money

  26. Avataaar/Circle Created with python_avatars Michelle Perdue says:

    Austin and Ogden does processing for a total of ten States

  27. Avataaar/Circle Created with python_avatars Brianna R says:

    Key word speculating

  28. Avataaar/Circle Created with python_avatars James Downs says:

    All smoke and mirrors.. That wanna drag it out intill November so they canbtryvto keeps the I seats. Well. Guess what.. You will be voted out. Polsie.shift and most of the Democrates who are ANTI AMERICAN..we are done with the ILLOUSIONS. We will speak and you all in goverment and Congress will be removed …

  29. Avataaar/Circle Created with python_avatars Courtney Jenkins says:

    People in Texas were receiving these a week ago.

  30. Avataaar/Circle Created with python_avatars AI Asis says:

    There just using the back door to bail out the USPS. 😆

  31. Avataaar/Circle Created with python_avatars Adonis Keef says:

    Believe it or not everyone doesn’t have a bank account.

  32. Avataaar/Circle Created with python_avatars Peachykeen70 says:

    Trying to implement a cashless society. Won't it cost money to print out cards to distribute? Why not stick with the system in place? Checks, and direct deposit seems like the way to go. I don't trust this card idea.

  33. Avataaar/Circle Created with python_avatars Joel Timmons says:

    Put. The. Coffee. Cup. Down. Back. Away. From. The. Caffiene. Slowly

  34. Avataaar/Circle Created with python_avatars Michael Woodhead says:

    What if it's to track spending so they get an idea of what people are using the money for.

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