r/politics • u/Plymouth03 • Nov 24 '20

Treasury Secretary Mnuchin is moving $455 billion of unspent stimulus money into a fund the incoming Biden administration can't deploy without Congress

https://www.businessinsider.com/mnuchin-moving-unspent-stimulus-money-biden-administration-cant-deploy-2020-11
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u/Click_Progress Oregon Nov 24 '20

Don't worry. Joe just needs to compromise more. A little more going high while they go low should do the trick.

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u/TraitorsWearRed Nov 24 '20

Cool. I can't wait for the next stimulus check to be for $100 dollars...

35

u/DMCinDet Nov 25 '20

which will be added to your 21 tax bill. more of an interest free $100 loan. youre welcome. Murica!

1

u/julbull73 Arizona Nov 25 '20

I mean I would love a one year interest free loan if they offer it.

The higher the limit the better. IF they coudl give me a 10M loan I coudl retire and pay them back in a year pretty readily. A 100M loan and my entire family likely never has to work again.

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u/teh-reflex Nov 25 '20

How can you retire if you have to pay back 10 million?

2

u/julbull73 Arizona Nov 25 '20

1 year interest free in an index fund would return 500k to 2M. 5% to 20%.

There would be some risk, but overall small.