Delivery dates of a $1400 fourth stimulus check specifically focused on Social Security, including retirement, disability, SSDI, survivors, SSI, VA, and RRB. I have all the details, details, and what you need to know right here on the topic. All right, now, I do want to address this very important question that I continue to see showing up down in the comments section as we are pressing up against some very important timelines. So let’s get into it and discuss all of these details and what you need to know.
So you can stay updated with what is actually going on right now and how it’s going to impact you Your money, Your benefits, Your wallet, Your bank account, And with all of these new announcements coming out of the administration The President Lawmakers Congress And anything in regards to new bills. Packages. Proposals. Reform to very important benefits like what I mentioned at the beginning of the topic. As well as anything in regards to money Benefits Programs Checks And anything else coming up right now. There’s a lot going on and things are changing very rapidly and we’re getting new announcements literally every single day.
And I’ll continue to be here for you every single day, right by your side, as that’s my dedication and my commitment and of course, I’m sticking to it. So, again, thanks so much for joining me. Let’s get into it and discuss all the details about this and of course, what you need to know in regards to a $1,400 for stimulus check specifically focused on all of those beneficiaries I mentioned at the beginning of the topic.
All right, so let’s get into the details First stop First things first before we get into this any further. Now, I have seen this question down below a number of different times for many of you here in the community, I totally understand money is very, very tight right now. So many people need additional money, whether it’s a massive raise to monthly benefits, whether it’s a one time stimulus check, whether it’s ongoing monthly payments, some kind of relief, something needs to be done.
I think all of us here in this community can probably agree without a doubt that yes, additional money or relief needs to come in. Fixed income benefits are simply not cutting it anymore. Well, before we get into this I just want to throw this out there right here, right now. As of right now, a $1,400 for stimulus check has not been approved yet. Okay?
I want to make that very clear. So we’re all on the same page here, but this is a question that is coming up down in the comments section. I want to bring it to your attention and I want to talk through some very important timelines because some pretty key deadlines are coming up here. And of course, I want to bring this to your attention because we got to pay attention to all this. All of this is going to be very important to watch going forward.
All right? So let’s point out some key dates here and some things that are going on here that are going to impact basically what is going on in Congress. Number one, a key date that’s coming up here that’s very important is the end of the fiscal year when it’s actually September 30. So the fiscal year for the federal government does not run January 1 through December 31. No, it actually runs October 1 through September 30, That’s the fiscal year for the federal government. Well, guess what? We are rapidly approaching the end of the fiscal year. Why do we care, though? Let me tell you a couple of reasons why we care about this.
Number one, this is where spending is actually allocated. When Congress comes together and they figured out their next fiscal year federal budget, this is very important because they’re coming up at the end of it. In other words, they got to figure out their next fiscal year budget. So that’s going to be number one reason why. But next, we also recognize, too, that Congress basically has the opportunity to use reconciliation between now and the end of the fiscal year.
Once the new fiscal year begins, they kind of lose that opportunity with their wild card to use reconciliation. Well, do you think they want to use it? Yes, by all means they want to use it. Right. So the fact of the matter is, once the fiscal year turns over, yes, they can still get a stimulus check passed, but the fact of the matter is it’s going to be a lot easier to get that done between now and the end of the fiscal year.
In other words, anytime between now and October, it’s going to be way easier to get that thing done versus waiting until after October to get that done. So remember, right now, between now and the end of September or basically October 1 is going to be way easier. And anytime after October, they could still get something done. It’s just going to be a little bit more difficult to get it done right. So we know right now that time is, of the essence, very important to get this done.
If they just want to happen to do something or maybe they want to do nothing, and that’s an option too, right? But again, we don’t really know that. We just have to continue watching Congress lawmakers and what they’re actually doing rather than what they’re actually saying, because we know how that works, right? They can say anything. As a lot of you’ve said down in the comments section, talk is cheap.
Totally agree. Talk is very cheap. But we got to watch Congress and see what they’re doing versus what they’re just saying, right? Big difference. Doing and saying are two very different things, right?
So anyway, that’s also something else that we need to take into consideration as well. Something else I want to throw up for you as well, that we also need to keep a very close eye on. Early November, about a month after the new fiscal year begins, guess what happens? Well, you probably know the midterm elections, right? Very important time frame. So this is also coming in very soon. It’s not going to be that long until we’re at the midterm elections. Let me throw this out there as well. And again, I don’t want to throw this out there to get anybody’s hopes up. I’m not saying this to lead anybody on.
I’m simply telling you this just to give you kind of perspective on how this whole thing could play out in the event that they actually did something. And again, maybe they do something, maybe they don’t. I just want to throw this out there because this is actually something we need to take into consideration considering what’s going on and the midterm elections. Now, here’s the thing, which, by the way, this is not a political statement in any way, shape, or form. Pretty much all politicians do stuff like this.
But let me just throw this out there for you. Okay? So the end of the fiscal year is coming in September 30. Got it. We know that if they were to get legislation done and use reconciliation before then, they can absolutely do that And yes, they can add a stimulus check into the legislation if they just wanted to do so. Check this out based on history over the last couple of years here, as we’ve received stimulus checks, generally, how long does it take for those to be distributed? Well, it’s usually anywhere between about well, in the shortest case scenario, it was a couple of days, like 48 hours is how quickly checks one out. But generally they go out one week after the bill is signed into law by the president. Right.
So they generally go out one week up to about two or three weeks after the bill is signed into law by the president. Let’s take this into consideration here as I want to lay out in a situation for you in the event something like this actually happened. And again, I have no clue if this is going to happen. I’m just simply laying out a scenario to let you know this is something that could happen. Okay? And again just saying in theory this could happen. Will it actually happen? I don’t really know. I’m just saying this is something that they could play as a pretty impressive wild card if they just wanted to do this. Check this out let’s just say that they wanted to pass a package right before the end of the fiscal year.
They could do that right up until the end of September. They could pass a reconciliation bill and they could add a stimulus check into it and then guess what the president could wait a few days to sign that bill. Maybe wait until the fiscal year or maybe he could sign it right at the end of the fiscal year as in like September 30 if he signs the bill. Well then maybe they kind of kick the can down the road they poke around for a while and maybe they issue the treasury and IRS to start sending out these payments. And again I’m just saying in theory let’s just say that this scenario plays out.
So the very end of the fiscal year, end of September, let’s just say Congress passes a package the president signed it on the very last day of the fiscal year. Again they kind of milk the whole thing out for a while. They poke around for a couple of weeks and then sure enough, let’s just say around the middle of October they say, okay, finally the IRS and the treasury have gotten all the information we’re going to start distributing checks. Now all of a sudden here we are in mid October or maybe the second 3rd week of October and they start sending out checks conveniently about two weeks right before the midterm elections. Again I’m just saying this could be a scenario that plays out.
Am I saying for sure that it’s going to? I don’t have a clue. I don’t really know if it’s going to. I’m just simply saying if they wanted to play their cards right they could do a scenario just like this and literally put money into the pockets of people literally two weeks before the midterm elections they could be dropping checks in the bank accounts a week before, a couple of days before, two weeks before the midterm elections if they just wanted to do so. It could be a little bit of a song and dance where they could come forward and they could sign the deal in the law and say oh for all these logistical reasons we have to delay payments the distribution for a couple of weeks now for whatever reasons obviously it’s all just made up mostly and then they basically just say at this point in mid October we’ll start dropping payments conveniently right before the midterm elections anyway.
So I throw that out there. Again, I have no clue if that’s really going to happen or not. I’m just simply saying this is a scenario that could play out and that would be a pretty strategic move on the part of lawmakers if they just wanted to do that, drop some money into the pockets of the people right before midterm elections. I don’t know. Seems like a pretty solid strategy, right?
We’ve seen it happen before, and it has worked before, so why wouldn’t they do it again, right? And again, these are not political statements. I’m not taking sides here with any particular party at all. I’m just simply saying this is what happens. We’ve seen it happen before.
In the last couple of years here, since early 2020, we’ve seen three different checks go out. A couple of those checks went out right before key elections and key voting was taking place, remember? I’m just saying it could happen again. So anyway, when it comes down to it, for those of you down in the comments section that have been asking what’s going on with the check? Are we going to get something? Are we not? Is it over? Is it coming? What’s going on here?
I need some extra money right now. Good questions. I wanted to lay the scenario for you. And again, we could also get something after the new fiscal year. That’s not like a line in the sand saying, it’s done, it’s over, that’s it.
No, not necessarily. They still could get something done here going forward. A couple of the key factors that I want to watch going forward as well. I want to see what’s going forward, going on with the economic data, what’s happening with the unemployment rates, what’s going on with initial jobless claims, what’s going on with people applying for unemployment, what’s going on with the economic data, what’s going on with inflation, what’s going on with the markets, what’s going on with all of these other moves that are coming out of the Federal Reserve. There’s a lot of different factors here that may be going on.
Oh, what’s going on with the recession again, right. There are so many different factors here that I want to take into consideration going forward, because any one of these could actually be the catalyst for additional checks or some kind of money to go out to people. So we have to take into consideration all of this. Oh, did I mention kovac cases spiking as well? Yeah, again, we got to watch that one as well.
So there’s a lot of different factors here, as you can see. Any one of these could be a catalyst for additional checks, money, anything like this going out to the people. But I want to make it very clear one more time here before we wrap this topic up. As of right now, another check has not been approved yet, not quite yet. Will something be?
Not really sure what Congress has up their sleeve, and realistically, I’m not even sure if Congress knows what they have up their sleeve anymore. Right. But again, anything could be done. So just want to throw that out there. They can do these things that we’ve been asking of them.
They absolutely, 100% can do it. Will they? Is the real question. Right. Anyway, I hope this topic helps you out again, as I do get more details, of course, I’ll be right here for you, breaking it all down, letting you know what’s going on, and continuously being your one and only daily advocate, helping you out in any way that I possibly can, Enjoy your day. Until next time, have a good one and I’ll catch you again later. bye