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Tlaib wants to hand out debit cards during coronavirus, mint trillion-dollar coins to cover cost, 2 coins that is, 2. 1, 2

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Tlaib wants to hand out debit cards during coronavirus, mint trillion-dollar coins to cover cost

Tyler OlsonBy Tyler Olson 

 

Rashida Tlaib: most controversial statements

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In an attempt to help ease the burden of the coronavirus pandemic on Americans, Rep. Rashida Tlaib, D-Mich., released a plan last week for what is essentially a temporary universal basic income (UBI) that would be distributed to all individuals in the United States, including illegal immigrants, and be funded by the printing of two $1 trillion coins.

 

"Hey @realdonaldTrump, let's provide relief from this crisis for people by giving pre-loaded debit cards to every person in America," Tlaib tweeted over the weekend. "No additional debt -- we'll just mint two coins."

 

The plan, outlined on Tlaib's website, would send a debit card with $2,000 pre-loaded on it to every person in the U.S. and reload it with $1,000 every month "until one year after the end of the Coronavirus crisis."

 

 

Rashida Tlaib

@RashidaTlaib

Hey @realDonaldTrump, let's provide relief from this crisis for people by giving pre-loaded debit cards to every person in America. No additional debt—we'll just mint two coins.#ABCAct #MintTheCoinhttps://www.commondreams.org/news/2020/03/21/two-1-trillion-coins-rashida-tlaib-proposal-calls-us-treasury-fund-coronavirus …

 

Rep. Rashida Tlaib (D-Mich.) arrives at a House Democratic Caucus meeting at the U.S. Capitol September 25, 2019. (Photo: Alex Wong/Getty Images)

'Two $1 Trillion Coins': Rashida Tlaib Proposal Calls on US Treasury

Tlaib's "Automatic BOOST Act" calls for a universal payout of $2,000 to everyone in the U.S. and $1,000 a month after that.

 

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TRUMP, DURING FOX NEWS CORONAVIRUS TOWNHALL, CALLS FOR RE-OPENING ECONOMY BY EASTER: 'WE HAVE TO GET BACK TO WORK'

 

Tlaib's plan tracks closely along the lines of former presidential candidate Andrew Yang's UBI proposal that made his campaign extraordinarily popular with a niche audience. But like similar proposals to combat the coronavirus from Rep. Tulsi Gabbard, D-Hawaii, and Sen. Mitt Romney, R-Utah, Tlaib's handout would only be temporary, in contrast to Yang's $1,000 per month permanent UBI.

 

Tlaib would take advantage of an obscure provision in federal law that ostensibly allows the Treasury to mint commemorative coins to have the U.S. Mint make "two $1 trillion platinum coins" that would be purchased by the federal reserve "at full face value."

 

"This approach would preserve the historical separation between fiscal and monetary policy and avoid financial entanglement between the Treasury and the Federal Reserve which would eventually undermine the independence of the Fed," Tlaib's plan explains.

 

The idea of minting trillion-dollar coins was discussed during the Obama administration when the U.S. faced default on its debt, but was never taken very seriously. It risks inflation, but more significantly, according to its critics, such a gimmick would not be a good look for the U.S. internationally.

 

 

 

well she wasn’t quiet very long 

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15 hours ago, king of the county said:

Tlaib wants to hand out debit cards during coronavirus, mint trillion-dollar coins to cover cost

Tyler OlsonBy Tyler Olson 

 

Rashida Tlaib: most controversial statements

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.

 

In an attempt to help ease the burden of the coronavirus pandemic on Americans, Rep. Rashida Tlaib, D-Mich., released a plan last week for what is essentially a temporary universal basic income (UBI) that would be distributed to all individuals in the United States, including illegal immigrants, and be funded by the printing of two $1 trillion coins.

 

"Hey @realdonaldTrump, let's provide relief from this crisis for people by giving pre-loaded debit cards to every person in America," Tlaib tweeted over the weekend. "No additional debt -- we'll just mint two coins."

 

The plan, outlined on Tlaib's website, would send a debit card with $2,000 pre-loaded on it to every person in the U.S. and reload it with $1,000 every month "until one year after the end of the Coronavirus crisis."

 

 

Rashida Tlaib

@RashidaTlaib

Hey @realDonaldTrump, let's provide relief from this crisis for people by giving pre-loaded debit cards to every person in America. No additional debt—we'll just mint two coins.#ABCAct #MintTheCoinhttps://www.commondreams.org/news/2020/03/21/two-1-trillion-coins-rashida-tlaib-proposal-calls-us-treasury-fund-coronavirus …

 

Rep. Rashida Tlaib (D-Mich.) arrives at a House Democratic Caucus meeting at the U.S. Capitol September 25, 2019. (Photo: Alex Wong/Getty Images)

'Two $1 Trillion Coins': Rashida Tlaib Proposal Calls on US Treasury

Tlaib's "Automatic BOOST Act" calls for a universal payout of $2,000 to everyone in the U.S. and $1,000 a month after that.

 

commondreams.org

6,795

4:12 PM - Mar 21, 2020

Twitter Ads info and privacy

2,530 people are talking about this

TRUMP, DURING FOX NEWS CORONAVIRUS TOWNHALL, CALLS FOR RE-OPENING ECONOMY BY EASTER: 'WE HAVE TO GET BACK TO WORK'

 

Tlaib's plan tracks closely along the lines of former presidential candidate Andrew Yang's UBI proposal that made his campaign extraordinarily popular with a niche audience. But like similar proposals to combat the coronavirus from Rep. Tulsi Gabbard, D-Hawaii, and Sen. Mitt Romney, R-Utah, Tlaib's handout would only be temporary, in contrast to Yang's $1,000 per month permanent UBI.

 

Tlaib would take advantage of an obscure provision in federal law that ostensibly allows the Treasury to mint commemorative coins to have the U.S. Mint make "two $1 trillion platinum coins" that would be purchased by the federal reserve "at full face value."

 

"This approach would preserve the historical separation between fiscal and monetary policy and avoid financial entanglement between the Treasury and the Federal Reserve which would eventually undermine the independence of the Fed," Tlaib's plan explains.

 

The idea of minting trillion-dollar coins was discussed during the Obama administration when the U.S. faced default on its debt, but was never taken very seriously. It risks inflation, but more significantly, according to its critics, such a gimmick would not be a good look for the U.S. internationally.

 

 

 

well she wasn’t quiet very long 

What if someone accidentally drops one of those trillion dollar coins down the drain?

 

 

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4 minutes ago, personreal said:

What if someone accidentally drops one of those trillion dollar coins down the drain?

 

 

Hopefully it doesn’t get past the trap 

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Just now, king of the county said:

Hopefully it doesn’t get past the trap 

:)

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A trillion dollar coin? Yeah and they'll probably make it the size of a quarter and I'll accidentally put it in the vending machine for a Pepsi...Doh!!!!

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21 hours ago, king of the county said:

FAUX Noise

Tlaib wants to hand out debit cards during coronavirus, mint trillion-dollar coins to cover cost

Tyler OlsonBy Tyler Olson 

 

Rashida Tlaib: most controversial statements

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.

 

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5 hours ago, king of the county said:

2 coins worth $1 trillion each wtf!

This is not a new idea. Republicans suggested doing this to rescue the country from the Juniorbush recession.

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4 minutes ago, 1AC said:

A trillion dollar coin? Yeah and they'll probably make it the size of a quarter and I'll accidentally put it in the vending machine for a Pepsi...Doh!!!!

 

 

faux-noise.jpg

fox-law-suit-on-truth1.jpg?1515615889

 

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8 hours ago, XavierOnassis said:

This is not a new idea. Republicans suggested doing this to rescue the country from the Juniorbush recession.

Sell 2 coins?

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8 hours ago, king of the county said:

You can’t spell  taliban without Talib 

Yeah. I despise her for a lot of reasons, but more than anything I wish someone would tell her that she’s spelling her fucking name wrong.

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16 minutes ago, CommieSlayinGirl said:

Yeah. I despise her for a lot of reasons, but more than anything I wish someone would tell her that she’s spelling her fucking name wrong.

How is it spelled?

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Just now, king of the county said:

Oh shit i misspelled it 

No you spelled it right! That’s what I mean the spelling if her name is gay and backwards. Kinda like Islam.

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41 minutes ago, CommieSlayinGirl said:

No you spelled it right! That’s what I mean the spelling if her name is gay and backwards. Kinda like Islam.

No i did not it’s spelled Tlaib 

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12 hours ago, CommieSlayinGirl said:

It’s spelled blahblublublahhh 

Refreshing to have someone with a sense of humor so glad you are here 

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14 hours ago, CommieSlayinGirl said:

No you spelled it right! That’s what I mean the spelling if her name is gay and backwards. Kinda like Islam.

If you're retarded, maybe.

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On 3/25/2020 at 11:05 AM, 1AC said:

A trillion dollar coin? Yeah and they'll probably make it the size of a quarter and I'll accidentally put it in the vending machine for a Pepsi...Doh!!!!

 

like the susan b anthony dollar?

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37 minutes ago, jerra- said:

 

like the susan b anthony dollar?

Uh yeah

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On 3/25/2020 at 12:01 PM, king of the county said:

You can’t spell  taliban without Talib 

Taliban is  Taliban is Arabic for "teacher". They are related words, as they both have the root TLB

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nobody learned from the exercixe of bundling worthless mortgages over and over again.

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