Author Topic: $1,400 Stimulus Checks Not Protected from Seizure by Debt Collectors & More (Read 557 times)

RomanCatholic1953 · « **on:** March 14, 2021, 09:25:42 PM »

Economy
Unlike The $600 Stimulus Checks, $1400 Checks Are Not Protected From Seizure By Debt Collectors

Many Americans may never receive their $1400 stimulus checks, as the new $1.9 trillion COVID-19 relief bill doesn’t prevent stimulus checks from being seized by debt collectors.
The first $1200 stimulus checks in the spring were also not protected, although some states did enact their own protections against garnishment for the first round.
The second payments of $600 were fully protected.
The $1400 checks will not be protected because the relief package was passed via budget reconciliation, rather than as a stand-alone bill. This allowed Senate Democrats to pass the bill with 51 votes, instead of 60.
Any private debt collector can seize the $1400 payment. Source: breaking911.com

Stimulus Breakdown: Combined Bills Cost Families $69,000, Individuals $17,000 But You Only Get $1,400 While $1 Trillion is STILL Unspent

Here is the breakdown:
Less than 9% goes to combating COVID-19.
Twenty-seven percent (or more than $500 billion) goes to state and local governments.
Twenty-one percent (or approximately $400 billion) goes to policies that reduce private-sector employment.
$135 million for the National Endowment for the Arts.
$135 million for the National Endowment for the Humanities.
$200 million for the Institute of Museum and Library Services.
$12 billion for foreign aid.

Here is the second half of the breakdown, which lists the small percentage of the $1.9 trillion bill that is actually spent this year:
Five percent ($6 billion) of the $130 billion set aside for K-12 schools.
Five percent ($250 million) of the $5 billion for Emergency Housing Vouchers.
Seventeen percent ($7 billion) of the $39 billion for child care.
Twenty-three percent ($11 billion) of the $50 billion for the Federal Emergency Management Agency.
None of the $5 billion for homeless assistance.
if it doesn’t need to be spent this year, then how can it possibly be an emergency fund
Planned Parenthood gets a large piece of the money

Source 100percentfedup.com
The government has spent nearly 6 TRILLION dollars in virus “relief” Divide that by 330,000,000 Americans it comes out to a cost of roughly $18,000 each But you *maybe* got $3,200 of that back

Matthew · « **Reply #1 on:** March 14, 2021, 10:30:42 PM »

It shows who's in charge.

If there were protection in place against garnishing these stimulus checks, the bankers would have to freak out, "Oy vey! How am I going to get my shekels? I earned every shekel of that debt by honest usury!"

Caraffa · « **Reply #2 on:** March 14, 2021, 11:43:35 PM »

The new law also effectively raises taxes on the poor to middle class. Starting in 2022, if you have more than $600 in sales from Amazon, eBay, Etsy, Mercari, etc., it will be reported as 1099 income to the IRS.

Incredulous · « **Reply #3 on:** March 15, 2021, 08:40:54 AM »

Why... thank you for coming to visit us!

Did you say you're here to collect stimulus "back taxes"?

Uh... would you know how to pray, the Act of Contrition ?

Author Topic: $1,400 Stimulus Checks Not Protected from Seizure by Debt Collectors & More (Read 557 times)

RomanCatholic1953

$1,400 Stimulus Checks Not Protected from Seizure by Debt Collectors & More

Matthew

Re: $1,400 Stimulus Checks Not Protected from Seizure by Debt Collectors & More

Caraffa

Re: $1,400 Stimulus Checks Not Protected from Seizure by Debt Collectors & More

Incredulous

Re: $1,400 Stimulus Checks Not Protected from Seizure by Debt Collectors & More