Does anybody else think this $2 trillion bill is ridiculous? I understand the why and benefits etc, but just like at a certain point isn’t this all just funny money? Playin w/ money no one really has?

like
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Just kicking the can down the road, been doing it since 1776

likefunny

Modern monetary theory - a government that prints its own money and cannot meaningfully be forced into default can pretty much do what it wants.

likefunny

Do you realize this is how wars get funded too? Not sure why everyone is clutching their pearls now. At least with stimulus packages there is a return on investment.

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Okay Accenture1, maybe ridiculous wasn’t the best word, it’s just wild to wrap your head around

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Yeah. This is why we don’t give tax breaks to the very wealthy when times are good. We pay down the debt. Now, it’s basically funny money.

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Our currency would be down the tubes and inflation would be rampant if it were “funny money”

If you are the world's reserve currency and are in a demand shock like this you can effectively print money at no cost to inflation and at ludicrously low repayment rates. This crisis is going to show that MMT is correct and hopefully hard money die hards finally are shut up. We probably need another bill that's more on the order of $10T or so to stabilize things. A one time $1200 check isn't going to do squat when unemployment hits 20%.

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This bill is basically making unemployed whole. So while in the pay being unemployed meant tightening the belt until you got a job, this going to continue the cash flowing.

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Our national debt is the crisis no one wants to deal with. That will be the one thing that could really break America’s back.

I think a stimulus is a good idea, but the size and mechanism of action in this one will haunt us for years.

Unfortunately, the boomers, honestly some of my fellow millennials, have made entitlement reform and debt reduction so toxic that no politician will touch it.

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Related Posts

Anybody take the leap and quit without another job? I have plenty of savings, just worried about finding the right job after a few months break. Would love to hear experiences good or bad.

What's with companies charging full fees for diminished benefits? I'm a bit annoyed about being charged in full for my Marriott card annual fee and Amazon Prime mebership

likehelpful

Will Amex restricting guess access for Centurion Lounge actually make any difference?

I can see short term changes but the way Amex has been aggressively marketing Platinum card, we just will have overcrowding of primary card holders 🤷🏻‍♂️

What's next, everyone has to spend min. 50k a year to get Centurion lounge access or pay per visit.

likeuplifting
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Experienced folks pls share your views. I am planning to buy a 3bhk. All tower corners (4 sides) have 3bhk options available and I might get to choose inventory in any tower and on any floor. Point to note: North has City view, South has Hill view, W has Forest view & E has city view. If you were gonna buy a flat in this site what all things you would think and then make a decision. First time buying flat.

Post Photo
like

**Can I take retirement?**
Hi All,
I have around 29 Lac savings + 5 Lac gold.
And my wife has 28 Lac gold(wedding gift) + 80 Lac(ancestral) Land.
We have a child, his current age is 2 years+
Currently our monthly expenses are around 22k(max), and my CCTC is 15 LPA+ with 8+ YOE.
My age is 29! I don't feel like working anymore.

like

Deloitte is hiring!

Want to make an impact that matters? Consider working for Deloitte.

Deloitte has opportunities in business areas such as Cyber (Cloud, Identity, ERP, Fusion, Infrastructure & Strategy), M&A Financial Due Diligence, Financial Reporting, Valuation, Compliance, Capital Assets, Corporate Restructuring, Treasury, Discovery, Computer System Validation/IT quality, AML Analytics, Financial Services or Healthcare Risk, Compliance & Operations.
DM me!

My company has asked for investments proofs. Jts feb only and i have upcomming mutual funds sip also. How can i show these upcomming sip investments ?

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Have 20k, what’s a good small business to start with this fund? Serious question here

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Anyone here had success in purchasing a book? If so, would love to hear about transaction and how it went.

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Hi Everyone! I'm looking to transition from healthcare consulting to pharma / biotech preferably in BD / corporate strategy roles, especially in LA area. Would appreciate if you can share your experience if you have made the amas transition (roles? Work type?). Looking to get a sense of what type of work exists out there.

For context, I've a PhD in Life sciences and 1.5 YOE in healthcare consulting at a boutique consulting firm

like

Hi, I wanted all your opinion I have got
offer from ADP & Thoughtworks almost
both are paying equal. Which company is
better from learning perspective, Job
security wise & benefits ? My skill set is
Automation Testing - Selenium Java.
Please let me know your inputs. Thanks in
Advance

Taking a personal loan of 20k or more will it affect perm (GC) process?

like

RE Equity Crowdfunding platforms, what criteria do you use to decide between them? Number of investors already on? Number of unicorns or IPOs they have on their track record? Or recommendations for alternative investing via other vehicles?

like

Can anyone share amex Bangalore location?

like

I am a Registered Respiratory Therapist with 5 years of experience in an acute care setting. I, also, have a bachelor’s in healthcare administration. I use EPIC at work everyday and I am interested in working as an EPIC analyst. I have applied at my facility numerous times for these positions with no luck. What advice would you all give for getting into this position? Also, do you know any remote positions available that I could apply to outside of the facility I’m currently at? Thanks!

like

do we save 100% on mediclaim premium for our parents in income tax?

like

Little worries here guys - not able to transfer to Bittrex. Tried from Polo and Jaxx (cold storage). Transaction looked like it was going thru from Jaxx then seemed like it failed. ETH appeared back in Jaxx account and no changes to trans history...thoughts?

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Roll call. How much experience? Do you staff in a boutique? An agency? Freelance? If freelance, do you usually work in agency studios, prodcos...? Do you bring on a post producer to help on big jobs?

What tools are y’all using for anything digital innovation related and what type of work are you using them for?

like

Just signed the outside employment form in KPMG onboarding system. I actually wanted to start dabbling in creative writing as a potentially monetizable hobby, but I'm guessing this may pose issues.

Definitely interested in the "exception from this policy may be requested if provision of non-professional services doesn't interfere with one's duties of causes conflict of interest" clause, though. Has anyone been able to get one of those before?

likesmart
like

So many new job levels. The top keeps getting farther away... What is an Assoc Director? Exec Director? How are they different from Director? What about principal vs partner?

like

*If anyone actively looking for a job, i can refer you in cognizant.
Just go to career page and let me know the Job ID number.
I will help you.*

like

Hi Fishes, need your guidance. I am having below offers. Please help me to decide.

Publicis Sapient - 16LPA + PWFH
Valuelabs - 18LPA + PWFH

I want to know in terms of Brand value, WLB, career growth, learning opportunity & job security.

*Also is it safe to join service based company with such a high package in respect to my YOE?

My Info:
YOE - 2.3Yrs
CCTC - 7.25LPA
Techstack - Frontend Development (React) College - Tier-3

likeuplifting

My current package is 10.6 with 7.5 years of experience, got an offer of 17.8 ( 14 fixed , 3.8 variable ).Should I look for other offer ?

like

Any thoughts on this?

Post Photo
like

Experienced folks pls share your views. I am planning to buy a 3bhk. All tower corners (4 sides) have 3bhk options available and I might get to choose inventory in any tower and on any floor. Point to note: North has City view, South has Hill view, W has Forest view & E has city view. If you were gonna buy a flat in this site what all things you would think and then make a decision. First time buying flat.

Post Photo
like

**Can I take retirement?**
Hi All,
I have around 29 Lac savings + 5 Lac gold.
And my wife has 28 Lac gold(wedding gift) + 80 Lac(ancestral) Land.
We have a child, his current age is 2 years+
Currently our monthly expenses are around 22k(max), and my CCTC is 15 LPA+ with 8+ YOE.
My age is 29! I don't feel like working anymore.

like

Looking to move to Charlotte for work and not that familiar with the area. What are some good apartment complexes that are inexpensive but in a safe area? I don’t mind being 15-20 mins from uptown. Probably rent around $900-1100 for a 1BR 1BA

like

A few good threads this month. Thanks all for putting it out there

Post Photo
like

Hi. This is Venkatesha here. I am looking for projects. We provide website design solutions on WordPress, Hoopla, Drupal and other CMS platforms. We ask do website optimization, SEO, SEM, marketing automation and all types of open source software deployment and international.

like

I have a thing for UX designer girls. They are classy in their artistic style. ❤️ Do we have any here?

like

Serious question: if you are interested in someone but they want to wait till marriage before you know... Would you end it or wait with them?

like

I studied finance in undergrad and had a couple of internal audit internships. I only started a few month ago but I never saw myself doing IT Audit and I don’t like it thus far! Would I need to get a CPA in order to move into audit or something more finance/accounting oriented like FDD, Valuation, etc.? (Still need to get to 150, thinking of doing an online MAcc)

like

Well, my turn to feel like crap. Silently crying in the back of the Uber taking me home, where more hours of work await. Yeaaaah. That kind of day

like

Why is it so hard to find a remote HR position? I have my SHRM-SCP, my MBA and over 10 years of experience being an HR Manager.

likesmart

Additional Posts in The Worklife Bowl

Reminder: It's still March

like

What’s the one strategy/technique/ritual that has worked the best for your mental health? (Even if that was not the intention of it)

like

Just logged in. How is everyone? I guess I need likes to msg? Any pointers?

like

Am I right to be upset I got rejected after 3 job interviews and a work assignment? After the presentation I had with them they scheduled a video interview only to reject me live on zoom. Felt put on the spot, trying to remain friendly and professional when in fact I felt like crying.

likefunny

Mink farms still exist? I thought everyone was cool with fake fur.

like

Which brands are doing the best and worst jobs shifting their communications strategy in response to the current pandemic?

like

I've come to realize that I spend a lot of time sitting cross legged when I work and the home office chair I have is too narrow to accommodate. Anyone have a great home chair that works for crossed legged sitting?

like

Do you feel KPMG is putting people at risk encouraging to go back to the office? It’s not mandatory yet but I can see leadership promoting/expecting and those following would eventually fall in their good books. How hard is it to understand that pandemic is not over by any means?

likefunnyhelpful

Smart people who know about technology: 🙏🏼 I want to get 11.5-14 inch monitor to add to my (1) laptop and (2) second monitor.

I’m worried about the monitor having a high “processor” and slowing down all my programs (including the program I use to login to my office desktop). Can someone point me to a monitor that may work?

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Any non-fiction book recommendations? I normally don’t like NF but recently read Bad Blood by John Carreyrou and loved the style/pace. Any similar recs?

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If you go for interview and you sort of know that the person interviewing you might be curious about something on your negative on your resume like why is there a gap or why were you in XX role for so long?

Do you address it pre-emptively? Or does that show insecurity and you leave the elephant in the room and wait till they ask you?

I guess this is more in the case of networking than interview like do you make your own story?

like

Do you have off for Juneteenth? How will you be spending your 3day weekend?

like

Has anyone ever experienced a sharp stabbing pain on the left side of your chest (under breast) that lasts for a few seconds and goes away?

Could this be a type of heartburn?

I’ve been to the doctor and she didn’t think I should be too worried because I’m young and healthy and it doesn’t hurt to the touch, but still can’t figure out what it is.

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Looking for nonfiction book recommendations relating to international history/diplomacy/American foreign policy!

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Favorite quotes from Office Space? And go!

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I got my MBA, but still not earning what I feel I should be paid. I here all these stories about how MBAs can start at 100k plus. Any stories out there or tips?

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Week 13 of social isolation and we decided to get a cat. She’s here Monday, give me all your tips?

likeuplifting

Curious - Has ESG officially replaced CSR as the acronym for “investing in initiatives to improve our society/world that may not be obviously profitable”?

like

Any recipe book recommendations for making cocktails?😋

like

Interviewing with PVH for a project coordinator role. I think I may be overqualified (3 year consultant but wants to exit to Fashion). Would love to know what the interview process entails, some salary insights, and overall satisfaction. Thanks!

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