My honest opinion on a fourth stimulus check-in 2022 for the low income and fixed income. All right, let’s get right into the topic. All right, so the all-important question is going to be answered on this topic.
Many of you reaching out in the comments section wondering, is there going to be a fourth stimulus check-in 2022? Are we going to be getting some type of additional relief in 2022? I’m struggling, prices are going up, and my money is not going as far these days. So I do want to answer this question for you on this topic based on all the research that I do and everything that I foresee coming this year.
So I want to lay it out for you in this video now. Full Disclaimer. I do not have a Crystal ball, okay? So of course, I have no clue what’s going to come this year. But based on all the research that I do, I do want to lay it out for you on this topic and let you know kind of what I am thinking.
Even though I don’t have a Crystal ball, I do have a Crystal cupcake. Does that help? All right, sorry. If the Crystal cupcake doesn’t cut it, how about a Crystal Hedgehog? Does that do it for you?
All right, sorry, I’m not funny. Anyway, I was really excited to do that. My wife has these things around the house as a decoration and I was like, hey, can I use your Crystal thingies? And she’s like, okay, whatever. So anyway, sorry, I know I’m not funny, but I thought it might be kind of funny.
So anyway, let’s get into it and talk about a fourth stimulus check-in 2022 and discuss where we currently stand. Now, one more thing that we need to recognize as well. There is a lot going on this year. We need to look at the full picture rather than just looking at it from just a stimulus check standpoint, as in, is there going to be a check or no, let’s look at the whole picture as far as everything going on this year. This year is a very busy year.
In fact, right now alone, there’s a lot going on. Right. So we’ve got to look at everything going on. First off, we all recognize the obvious inflation is through the roof right now. We also know the midterm elections are coming up.
We also know that Congress has not really gotten a whole lot done as of about the last year or so. Right. It’s been a very long time since Congress has done absolutely anything. We also do recognize based on the most recent reports and the information that we’re finding out there, Democrats are looking for anything to win right now to get some approval by the American people. And again, this is not me taking sides.
I’m simply telling you what is going on out there because they want to maintain control with the midterm elections coming up a little bit later this year. Right. So we do know all of this is going on right now. We do know that there’s this great divide in this country. Some people are doing very, very well.
Meanwhile, on the other side of the spectrum, the lower-income and the fixed income are really, really struggling because of this inflation situation. We also do know based on recent reports as well from all of the previous stimulus packages, about $6.1 trillion that was previously approved. There’s still about $800 billion sitting on the books. That has not been spent. Now, again, it could be more.
It could be less. But roughly based on the reports that we’ve been finding, we recognize there’s about $800 billion still sitting there waiting to be used for something, whatever they decide to do. Right. So we also do know that there’s a couple of petitions out there right now, the one calling on a $2,000 stimulus check plus monthly recurring payments. We also do know that there’s the other petition and the work out of the Senior Citizens League calling on Congress to approve a one time one $400 stimulus check as well for the low income or I should say the fixed income Social Security, SSDI, retirement survivors, SSI, all of these beneficiaries.
Right. So we do know all of this now. At the same time, we do know that about a year ago there was over 80 members of Congress who reached out to the President with their letters calling on the President to approve a $2,000 stimulus check plus monthly recurring payments. Now I get it. That was a year ago, roughly about a year ago.
But the simple fact of the matter is there are about 80 members of Congress out there who are very much in favor of $2,000 stimulus check plus monthly recurring payments. So this is what we do recognize right now. Now, also on a global scale, we also recognize what’s going on around the world right now. Right. Kind of some scary things with everything out there right now.
So we also recognize everything going on out there as well. We also do understand when it comes to the stock market, it’s been very volatile lately. And we recognize that when it comes to the market, if it happens to roll over and go down 1015, 2030, 50%, something like that, they’re going to come in with their bulldozers and start plowing cash into the system once again. That’s what they have to do. And they do it every single time.
They call it a fancy name called quantitative easing, but it’s literally printing money and piling it into the system. How do they do that? They give it to the people and they have us go out and spend it to stimulate the economy. Right. Happens every time.
So anyway, these are some of the things that are happening out there right now. Again, I could keep going on and on and on, report after report, survey after survey, talking about how the low income and the fixed income are really struggling right now. A few times each and every week with all these new reports that are coming out showing the low income, the fixed income are just getting crushed right now with this inflation.
So all this being said, let’s lay it all out. Now. Let’s talk about in my honest opinion, do I think there’s going to be a fourth stimulus check-in 2022? Here’s what it comes down to. Based on all of this information, I do still believe there will be something.
However, I’m going to throw this out there. I don’t think it’s going to be called a stimulus check. Just being real with you right now. Now, again, what is it going to be called? I don’t know.
I really don’t know what the new name could be. I do think there will be some type of payment to the people, whether it’s a stimulus check, whether it’s called I don’t know, anti-inflationary payment, whether it’s called an I have no clue. Seriously. It could be named, anything they could come up with, any names. I’m honestly just kind of throwing some stuff out there because I have no clue what it may be.
But my point is, I do honestly believe that there will still be some type of payment, whether it’s a one-time payment, some type of relief payment, survival check. Honestly, whatever they want to name it, it doesn’t really matter. As I’ve mentioned in previous videos, who really cares what the name is? It doesn’t matter at all. It’s all about the digits and the numbers in our bank account other than zero.
Right. That’s what matters right now. So when it comes down to it, I do think there will be a payment, whether it comes in in the form of a one-time lump sum payment or whether it is monthly payments similar to the child tax credit payments. I do think there will be some type of payment. Now, again, I’m not really sure how it’s going to be distributed.
I don’t know all the details about it, but based on everything that I just went through right there, and ultimately, I do think one of the major factors is the midterm election coming up. Here’s the deal. And again, I’m not here to take political sides. I’m simply telling you this is the fact of the matter. We see it happen all the time with all the parties, right?
We see it all the time. They want to do whatever they can to get either elected, stay in power, get power, whatever. Again, they all do it. But essentially, we know that the midterm elections are coming up. Democrats are desperately looking for a win going forward.
They pretty much haven’t gotten anything done here since the last stimulus package about a year ago, the American rescue plan that had the one $400 checks within it. So they are looking for a huge win here. In fact, that’s not even me saying that. They’ve been saying it. We’ve been talking about this for a couple of months now.
Democrats have been coming out saying, hey, guys, we got to get a win here. We don’t really care what it is. We need to get a win. We need to show the American people that we can produce something for them. They know it and we know it.
It’s been public. They’ve made it very clear here for a few months now. We need to get a win, guy. We’ve got to get something done here. So my simple point is one more thing, too, that they’re also working on.
They’re working very diligently or I don’t know if diligently is really the right word. They’re working on it to reinstate those child tax credit payments. We also do understand that they’ve also tried to implement this adult tax credit or I should say there’s been some discussion about an adult tax credit again, maybe like we’ve talked about in previous videos, and this would actually be a really good thing is maybe ongoing monthly payments for the child tax credit payments and maybe they Institute an adult tax credit, which would be distributed on a monthly basis, just like the child tax credit payments. Again, just throwing some different ideas out there and some different ideas that may be coming as a result of what Congress is trying to do. They’re trying to juggle a lot of different things right now.
And it seems like they’re just trying to figure out one thing that they can all unanimously agree on, or at least not even unanimously. Just the vast majority of them agree on to get something done. So there’s many different options here when it comes to a stimulus check. Like I said, I don’t really think it’s going to be called a stimulus check simply because the basis behind the stimulus check-in 2022 and 2021 was to stimulate the economy. At this point, we don’t really need to stimulate the economy anymore, right?
It’s not about the economy being stimulated anymore. It’s more about like a relief payment is what it’s coming down to now.
So it’s not so much about stimulation of the economy. I should say it’s more about relief for the American people who are struggling and who are low income and fixed income. It’s all about relief at this point, not stimulating. Right? So I hope that kind of makes sense.
But in my honest opinion, again, based on everything that I’m laying out right now, based on everything that I’m looking at, of all the moving parts that are going on around this country, around the world, everything that’s going on out there right now, I do still think there is a high likelihood of something, and maybe they do something like what the Senior Citizens League actually introduced late in 2021 was a petition calling on a highly focused check for the low income and the fixed income of all those beneficiaries, Social Security, retirement, SSDI survivors, SSI, and get that one $400 focused check. Again, I wouldn’t put it past them on that one either. It would not be the first time that they’ve done that. And that is also another option that I could also foresee happening is maybe they look at the situation as in they being Congress. They look at the situation and say, okay, the vast majority of Americans are totally fine right now.
But there’s this section of about 50 million fixed income beneficiaries, maybe 100 million. Honestly, I’m not really sure what the total calculation would be as far as number of people that would need it. But maybe they look at them and say, okay, we know it. We understand the fixed income are really getting crushed right now because of this inflation. Let’s issue this focused fourth stimulus check or relief payment is probably what they would call it or who knows what they call it honestly and send it out to the fixed income.
Again, I foresee something like that being highly likely. But again, I don’t have a Crystal ball. I just have a Crystal thingy. Bobber, what’s it called? Oh yeah, porcupine and a cupcake.
I mean, they’re not a Crystal ball, but at the end of the day, they’re Crystal something and maybe they’ll give me a little bit of insight into the world of what’s coming in the future. Right. So again, I hope this lays it out for you. But remember, I’m here for you. I’m doing all the research, trying to find anything I possibly can to help you out in any way that I can.
I hope this one helps you out and I hope it answers a little bit more clearly some of my thoughts as far as what is actually going on out there in regards to a fourth stimulus check.
Or let’s just call it a fourth relief payment or whatever they want to name it. Right. So anyway, hope this helps you again. Enjoy your day. Subscribe and I will see you again on the next topic.