$1400 fourth stimulus check for Social Security, retirement, disability, SSDI survivors, SSI, VA, and RRB beneficiaries, as well as seniors, the elderly, people with disabilities, low income, and no income. Where we currently Stand and all the latest updates we have a lot to talk about.
And so I can keep you updated during this very busy time as information continues to change very rapidly, especially as of recently when we continue to get all of these proposals, packages, checks, and so many other things that continue to be introduced right here, right now. So again, I’m here for you every single day to keep you updated.
All right, so let’s quickly discuss where we currently stand with a $1,400 stimulus check or any other amount that they may decide. Also, let’s discuss where we currently stand with all of this as it pertains to the low-income and those fixed-income beneficiaries that I mentioned at the beginning of the topic. Millions and millions of people would be encompassed with all of the parameters that I laid out earlier in the topic. So let’s discuss where we currently stand, everything that’s going on as of right now, and what is Congress actually doing during this time? I have to say this much over the last few weeks here.
It has actually been a little bit encouraging considering everything that we’ve seen introduced out of Congress. We’ve seen multiple different proposals, all of these different ideas hitting the table as of recently, the last few weeks here coming out, introducing checks, as in direct payments, anywhere between a couple of $100, even over $1,000 in some instances. We’ve seen vouchers coming up. We’ve even seen state stimulus checks or tax credits, tax rebates is what they’re calling them on the state level. We’re seeing all of these different things popping up all across the country right now on the state level, on the federal level, in Congress, we’re seeing all of these different things popping up.
We’re even seeing a bunch of different ideas and different proposals being introduced by economists out there right now, too, given their two cent on the idea, saying, hey, this is what Congress should be doing right now to help out people with all of these rapidly rising prices. So the simple fact that we are talking about all of this again, that Congress is playing around with these ideas, that we’re seeing economists step into the picture right now and layout some ideas on all this is actually a very, very good thing. All right, so with all that being said, let’s discuss where we currently stand even further now. What’s going on with Congress and where is all of this going to lead in relation to a fourth simulation check specifically focused on all of those groups that I’ve been mentioning throughout this topic. All right.
So I do think what we are seeing out there right now is very encouraging. However, I have to make it very clear before we get any further into the topic. As of right now, a fourth stimulus check from the federal government anyway, has not been approved. However, there are multiple States out there right now that are actually sending out stimulus checks to their residents in their specific States. And again, I’ve talked about many of these here over the last couple of weeks in previous topics.
There’s a lot of States out there that are coming up with all of these massive multibillion-dollar surpluses and there’s shaving off a little bit of that money and giving it back to the residents. So there’s multiple States out there that are doing that right here, right now. So maybe you could also get a state simulate check going forward. But here’s what’s actually going on out there. So all of us obviously, are experiencing the inflation situation.
Inflation literally continues to get worse every single month. It’s getting worse every month. And it has not actually slowed down anytime over the last almost a year. Now. It’s literally gone up every single month.
Month over month over month, inflation continues to rise every single month. That is very problematic going forward. Now, I just saw a report the other day that said 10% inflation is almost inevitable. In other words, it’s almost like a guarantee that we will be hitting 10% inflation. Now, of course, nothing is a guarantee because we can’t really guarantee anything.
But essentially the report that I was reading was saying 10% inflation is pretty much a for sure thing here in the United States. So that is really going to back Congress and the President and the administration into kind of a corner right now with everything that they have going on on their plates, as well as as we continue to close the gap between now and the midterm elections. So going forward, Congress, they’re kind of putting themselves into a very interesting predicament right here where they really need to do something for the American people or they’re not going to be very happy when we come to the midterm elections. Now, again, I have no clue what the midterm elections are going to do, but I think all of us at this point can probably speculate what is going to happen with the midterm elections. Right.
But again, I’m not here to tell you what to do. That’s totally up to you to decide, but rather, I’m here to bring you the information as I find it with all the research that I do each and every day. But anyway, when it comes to a fourth stimulus check. Again, I want to reiterate everything that I’ve seen going on lately. As far as all of these introductions, simply, Congress is talking about direct payments, stimulus checks to the American people.
We’ve heard about these vouchers here over the last couple of weeks. It’s all a good sign. It’s a good sign because Congress is playing around with these ideas of potentially sending out some type of stimulus relief to the American people, as in money in the bank accounts. This is a really, really good thing. Now, it seems a little bit weird to me that they continue to talk about all of these other ideas versus facing the actual facts, which is cash, cash in the bank accounts.
Money in the bank accounts is ultimately what goes the furthest these days. Yeah, okay. Yeah, fine. Maybe a gas voucher would be fine. A gas voucher might be fun, it might be nice.
But at the end of the day, what is the most versatile way to help people out right now? Yeah, of course it’s cash in the bank accounts. One other thing that we really have going for us right now that I want to mention and I’ve mentioned this before, but I want to talk about this again is we have the Senior Citizens League on our side. That is a huge win. The Senior Citizens League.
They communicate directly with lawmakers and they communicate directly with Congress. That’s a very good thing. So they are basically like our big advocates as well, just like I say here on the channel, right? You’re one and only daily advocate. That’s what I do right here on the channel for you and this whole community as well, because I’m very much committed to all of you here in this community, and I truly want to do whatever I possibly can to help you out.
But at the same time, we also have right along our side, too, is the Senior Citizens League. And that is a really good thing because the Senior Citizens League is a big, powerful advocacy group. They’ve been around a very long time, and they do especially advocate for those individuals who are living on a small fixed income from Social Security. So this is a good thing. I remember late last year they had that petition where they were gathering signatures for the support of a $1,400 stimulus check, which then they also presented that along with a letter to Congress in early October.
And according to the reports that I was seeing as of recently as well, apparently, they are still lobbying Congress for a $1,400 check. This is a good, good thing. The more people that we can have reaching out to Congress, poking at them, constantly, poking at Congress, tugging on their arm, trying to get into their ear, being like, hey, the low income, the fixed income need a stimulus check right now. You guys have got to get it done. So here’s what else is interesting as well.
Even though we have the Senior Citizens League working on our behalf, doing everything we possibly can, we’ve got to stick ourselves out there as well, too. And that’s what I’m doing right here in this community. And I will continue to do that because I am very much dedicated to helping you and I want to make sure that we can get a relief for everybody in this community. I see the struggle down below in the comments section. Seriously, I read your comments.
I read hundreds and hundreds of comments every single day. And I see so many stories every day where I can’t do it. I’m struggling. I need some money right now. I’ve only got a few cents left in my bank account.
I mean, seriously, the stories, I see them every single day. The struggle is real right now. We cannot be kidding about this because it is a real thing. If you don’t believe me, feel free to read through the comments section. You can read hundreds of comments from all the struggle that many people are having out there right now.
It’s a sad situation. Nobody should have to live this way in the United States, apparently, because we claim to be the richest country in the world. I don’t know. Something seems really weird and disconnected about that. If we’re the richest country in the world, and yet there’s this many people struggling on a monthly basis, something seems weird to me.
It doesn’t make sense. The pieces do not align to me anyway in my head. But I’m also a very logical thinker. I can’t even get into the mindset of where Congress comes from because I think too logically. I don’t know.
That’s just how I’m wired. But anyway, I like to look at everything as like the situation as it is. And then I like to find a solution to actually solve the problems. Right. Solve the issues that we are dealing with But anyway, that’s just how I think. But anyway, here’s what else is interesting as well. As of recently, we’ve seen a lot of big, big packages being introduced in Congress. Tens of billions of dollars being introduced in Congress right now in all of these different packages. That’s kind of a good thing as well.
Now, whether they actually get these packages actually through that’s another question as well. But the simple fact is we know that these packages being tens of billions of dollars, we only need about $100 billion right now to send out a $2,000 stimulus check for 50 million people, the 50 million most vulnerable and at risk people right now who are low income or living on a fixed income to get them $2,000 into the bank account would only cost $100 billion. So my point is the simple fact that we’re seeing these tens of billions of dollars packages being introduced right now is like, OK, $100 billion is not that far off from where we actually need to be in order to get a stimulus check. Does that kind of make sense? So my point is Congress is playing around with a lot of really big numbers right now.
Well, they could probably continue to play around with another number around $100 billion and satisfied a lot of people right now. So anyway, I want to give you the latest updates, but I do have to say about all this is the most recent information that we have coming out here over the last few weeks, talking about all of these checks on the federal level, as in Congress, talking about checks, direct checks, stimulus checks, vouchers, voucher programs, voucher cards, and then again on the state level, stimulus checks, tax credits, tax rebates, all of these things popping up on the state level. Again, a lot of very encouraging things out there right now. I do have to say I know that the struggle is real. I know that it’s very frustrating.
I know that it’s irritating looking at all this stuff, thinking Congress hasn’t done anything yet. Seriously, are we still waiting for all this? Yeah, it’s a slow process. It’s a very slow process. But we have to continue watching Congress, especially during this time now, and see if they will possibly prevail with something for the low income, the fixed income seniors, the elderly, people with disabilities, Social Security, SSDI, retirement survivors, SSI, and VA beneficiaries as well.
Here’s the thing. If there happens to be a fourth stimulus check and again, everything is a big if right now. If there happens to be another stimulus check, it’s highly likely that it’s going to be focused on the groups that I just listed because these are the groups as we’ve talked about so many times now. These are the groups that actually need the payment right now versus the higher income. They don’t need it.
They’re fine. They’re doing just fine and I’m sure they’ll do just fine without a $2,000 check. It’s the low income, it’s the fixed income who need it and this is exactly who some of these proposals are even pointed at. So anyway, that’s very encouraging as well. Either way, I wanted to bring you a quick update on this, let you know what I’ve been seeing out there.
I think it is pretty encouraging. At the same time, I will continue watching everything as I do get more information. I’ll bring it back to you right here on these topics. I’ll break it all down and do whatever I possibly can to make sure that you’re staying updated as well as helping you out in any way that I possibly can.
Stay safe out there and I’ll catch you again later on the next topic.