Well let me put it this way,as an example,during the riots of the summer,the city of Detroit acted proactively,therefore receiving no damage or little damage.
But that also came at a cost to the local taxpayers,resources for overtime,extra police and security etc. granted only proably a few million at the least.
The residents spent that money out of their general fund.
Now the flip side,for example,Minneapolis suffered 55 million in damages,which is being reimbursed by the federal government,in the stimulus.
Where does the federal government get their money? From you.
So now you not only get to pay the bill for what happened in Detroit,you also have to pay everybody else’s bills that allowed the damage to occur.
So Detroit as a city is being punished for being proactive while having to foot the bill for the cities that were not.
Next time try and direct riots to the worst neighborhood that needs rebuilding,let it burn to the ground and collect a check.
But that had zero to do with the stimulus.
No need to be defensive,not for nothing but the same cities that have historically had a high unemployment rate before Covid,will still have the exact same situation after Covid,unless changes are made.
This money is chump change in the bigger picture,it does not represent 1 year of city revenue lost due to the lockdowns,it is not really a game changer,outside of the sense that it will stop the city from getting kicked back a year,it is already spent or allocated,so when it is dispersed you will be right back to where you were December in 2019.
The targeted cities or the formula used was based on the unemployment rate or job loss directly related to the virus,that is why cities that did not lock down or had little job losses received little funds.
The money will drive the economy for a few months like the last stimulus did,unless they print more money or your economy opens back up increasing the demand for jobs,3 months from now you will be right back to where you are today.
The city of Detroit projects a $348 million revenue loss impacting the general fund for the duration of 2020, through June 30, 2021.
https://www.mlive.com/coronavirus/20...ronavirus.html
So that would be the reporting period from June of last year until June of 2020.
Plus add the 3 prior months losses from when the virus started.
The state as a whole was at a 6 billion budget deficit.
Not for nothing but the stimulus was not targeted to the lower income levels because they needed the help,it was targeted to the lower percentage because they know the recipients will spend every dime back into the economy and not save any or pay down debt.
It is called a stimulus for a reason,it’s to get money flowing directly back into the economy,any help that it provides is temporarily.
Despite the claims that only the rich benefited from the last stimulus and this one is for the poor,the last stimulus was to keep the country and states afloat otherwise everything would have been bankrupt.
How come the income levels above $75,000 a year did not get their cheese on this one? They do not deserve it because they have been prudent?
Here is the list from the last one
.
https://hannity.com/wp-content/uploa...mary_FINAL.pdf
Read it and tell me that it is true that the lower income was not targeted with,medical,daycare,housing,food,eviction relief,weekly unemployment checks past the limit,etc. because they were.