All righty guys what is going on and welcome back to another video. So, as most of you guys have probably heard by now, there is news of a second stimulus bill going in the works right now presented by the Democrats and what I'm gon na do in this. Video is actually go over the details of this bill pretty fairly quickly. Just give you guys the key points of it, and I'm also gon na share with you guys exactly my thoughts on whether or not this is actually gon na pass.

So the government put up a draft online. It's a 10-page draft of this bill going on. We don't need to go through the whole thing, because a lot of the characteristics that this bill has is very similar to the things that we've seen in the past. Like the ABC Act and the emergency money's for the people Act and even a lot of similarities with our first 1200 dollar stimulus check, so knowing all those things, let's just add on to what we already got so the eligibility for this bill is actually very similar To the Kerr's Act, but one of the few things that have changed are things like the income limit and the amount of money that they are trying to get people.

It's a lot of money, okay, so very similar to the first stimulus check. They want to do this out in a phase out process. So normally, if you did sign up with direct deposit you'll get your money fairly quickly, but if you did opt in to get a physical check, they did it where, if you made a certain amount of money, you would get that money first, depending on how little You made so if you made $ 10,000 for 2019, you would get it quicker than someone who made it $ 100,000 and it was pretty much unlike that intervals. It was like 10, 20, 30.

40. Generally on that premise. Now, with our past $ 1200 stimulus check, the cap was at $ 75,000. They've actually increased this one to $ 100,000.

So if you're out here technically making six figures, you can still actually qualify for this check if it does go through now. One of the most important things about this bill is that it's retroactive and this pretty much emphasizes a couple key important things that we need to know. So, when we're talking about things being retroactive, it means things being in the past. We're gon na get that full amount, so the best analogy I can put this is unemployment benefits.

Right now say you guys have been applying for your unemployment benefits for the state, but you haven't gotten anything yet. A lot of the unemployment benefits out here are considered retroactive, so, if you've been applying for the past four weeks and within those four weeks, you're supposed to get $ 8,000 every single week, what that means is you're going to at all $ 4,000 of that amount. In one lump sum in the future, so right now in the current day, all the things that the government has owed you, you would get back moving into the future. Now they've never actually proposed a bill quite like this.

When we're talking about things being retroactive, and this really changes, the definition of what I feel is a stimulus check, because a stimulus check is trying to stimulate the economy. Now you're trying to stimulate a couple things up in here when we're talking about retro, acting different bills and acts. This really means where we're changing our mindset of stimulating into going more into this recovery phase. Now, I'm not surprised they want to add something like this, but make sure you guys stick through the whole video, because my thoughts are gon na, be pretty important when we're talking about why they're trying to do all this right now now, in addition to that, this Man, you guys need to know like this bill is, is pretty ridiculous, with the amount of money that they're looking to get out to the people, we're not even talking about how much this is gon na cost the government every single month.

If something like this passed. So for the monthly economic crisis support Act this month, this would jeez man. This Act would send a monthly $ 2,000 payment to individuals, and if you guys have children, they would send you $ 2,000 per child up to three kids. Now, if you have a spouse, that means they're getting another $ 2,000.

So if we maxed out the full benefits of this bill, see you have three kids right now you have a wife and yourself. That's two grand two grand two grand two grand two grand $ 10,000 right there to the people and if this happened for say the next two to three months, that's about twenty to thirty thousand dollars per family moving into the future. Now, for anyone who doesn't know the median income for the u.s., depending on where you live, is generally around fifty to sixty thousand dollars. If we're talking about a bill like this, this means you don't have to work and you're making about double that amount.

So definitely pretty crazy, and this pretty much leads to my key points of this video. I got written down on my nice little notebook right here. This is ridiculous. Okay, this the amount of money like this is ridiculous.

I'm for the people! Okay, I didn't grow up rich or nothing. Okay, although I am someone who is in a very high favor of people getting money holy crap there, a fine line of people getting money and then there's a line of it being absolutely ridiculous, where it doesn't even make sense to me right now. It seems like the government is stalling, and why would I say that? Well, we've heard in multiple interviews in the past, if you guys do just a little bit more research regarding the current situation, a lot of our politicians right now, although they agreed that the American people need more money. One of the constant themes that we've been seeing is that they want to wait.

They want to wait and see if there's any type of improvement in the economy, with all these stimulus that they've done so far in the past. If you guys have been watching my previous videos that have been putting out this week, you guys will have seen some of the interviews and some of the things that I've mentioned. Regarding that exact quote, they want to create the bridge. They want to make sure that they're not overspending and stimulus.

They want to make sure that they're, not overpaying, and if the economy is gon na approve, they don't be giving out people ridiculous amounts of money, because it's gon na cost them more. And when I say more, it's really us, because this is our money, it's taxpayers, money at the end of the day, so our money, okay, you guys also need to keep in mind that a lot of these bills that are being proposed are by the Democratic Party And here's a theory that I have it may be completely crazy. You guys may not agree with me at all, but my theory on this is that the Democrats right now are in agreement to loci deep down inside they're in agreement that they want to see the type of results that we're gon na get from these past stimulus Checks in order to have a better idea of what to do moving into the next few days, or maybe even the next few weeks. Now, by doing that, everyone just needs to wait and then calculate on the analytics that are coming in now.

In the meantime of everyone waiting, because this is an election year, a lot of the politicians want the people on our side, because, at the end of the day, we have the voice. We actually determine about what is gon na go on, who gets reelected in office. Who's gon na have a salary who's gon na have power. This is all up to the people, which is us, the viewers, the people watching my videos right now and when the government realizes like hey what, if we make it in a way where we can point our finger at another party, make something completely ridiculous.

Where we know that they're gon na say no get the favor of the people and put the blame on someone else and then also have the power of getting reelected, why not do that? Why not fulfill all the best sides? So let me break this down a little bit right now. The Democratic is coming out with a lot of these bills that seem too good to be true and when it does seem too good to be true, you have to be very, very weary about that. In this bill, they're also mentioning that people who aren't even citizens in the u.s. deserve to get this type of stimulus check.

So if you're a foreign alien, if you're, if you don't have employment, if you don't have your social security number, if you're just here, chillin for whatever reason these people should also be getting their check too, and now I'm not gon na fall on whether or not I agree with that, but what I'm gon na say is a lot of what the Democrats are proposing right now can sound so ridiculous, where they know that the Republicans are just automatically gon na shoot them down and say: no, that's, that's not gon na happen and Then it makes them look like the bad guy. This could all just be a political strategy in order to create more news and to generate more positivity for one type of party. So, as viewers of this channel as people of the United States, you guys want to really make sure that you're very cautious about what you hear in the news. I really don't want you guys to go into your family dinner and to tell your whole family.

Oh, I heard on YouTube from this one youtuber that this bill is gon na pass and everyone's gon na get ten thousand dollars a month, because we have three kids and we have a wife. So this is gon na happen and we're all gon na be good. Please be very careful about the things that you hear right now in the news, because a lot of this is gon na be borderline propaganda in order for people to side with one political party in order for people to vote with them or to line with them. So they can get additional things passed in the future.

Imagine if you're a schoolteacher and imagine if you have a classroom full of 30 kids right now and you know how much they love recess say. You come out to your classroom, full of kids and you say, look guys, you know what I just worked, my butt off and I'm gon na get you guys all three hours worth of recess right now. The kids are super happy. They are all jumping up and down they're they're, telling each other and their parents like.

Oh, my gosh, like like our teacher, is gon na get us three hours of recess. The teacher comes back into the room and he says you know what sorry the principal actually said that you know we can't do that. We're just gon na have to stick with 30 minutes now the kids are gon na be looking at the teacher thinking like you know, we still love you like you came out, but but the principal yo yeah we're not gon na like the principal and who actually Create like who started this since the beginning. Was it the teacher then, or was it even the kids who are falling for this? Just just make sure this is turned on.

Okay turn these, because I know how easy it is to get swept up and to let the media fool you with a lot of these things, but we just want to be more realistic. This is what the beauty of YouTube is all about. This is why I freaking love YouTube, because we have people who can come on here. Talk to a camera, become the creators but also have that community where people start engaging.

We have the comments section, the most beautiful thing ever. If that comment section of YouTube videos didn't exist, I don't even know what would have YouTube would not be the platform. It is solely because of this comments section and being able to agree and disagree and debate with others. It makes this so beautiful because we can all learn and see different types of perspectives.

So stay smart out here stay healthy practice that social distancing, I hope you guys are all safe. I love every single one of you, so don't forget to drop a like on this video and don't forget to check out the link down below to weeba weeba liz. Actually, gon na stop this promotion where you're getting two free stocks, one potentially worth up to $ 1400. If you deposit $ 100 into the app, this is going away, may 11th or may 12th.

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Like always. I love every single one. You guys the support has been crazy. You guys are pretty hilarious.

I'm not gon na lie low-key, like like you, guys, are pretty funny like down below in the comments you guys. You guys gave me a very good laugh during these times and I hope I am able to share some of that entertainment and value and information during these times as well. So, like always, you guys love you all and I'll see you guys in the next one peace.