Dave Ramsey Argues Against Stimulus on Fox News
Category: News & PoliticsVia: john-russell • 2 weeks ago • 2 comments
By: Joe DePaolo (Mediaite)
By Joe DePaoloFeb 11th, 2021, 1:14 pm
With former President Donald Trump out of office, fiscal conservatives who sat silent as the national debt exploded on his watch are rediscovering their principles. And one Fox News guest is voicing his objection to President Joe Biden's proposed stimulus in a manner not likely to sit well with much of the working class.
Appearing on America's Newsroom Thursday, conservative financial talk radio host Dave Ramsey blasted the idea of $1,400 stimulus checks by arguing that recipients' financial difficulties are not related directly to the pandemic.
"I don't believe in a stimulus check," Ramsey said flatly. "Because if $600 or $1400 changes your life, you were pretty much screwed already. You've got other issues going on. You have a career problem, you have a debt problem, you have a relationship problem, or a mental health problem. Something else is going on if $600 changes your life."
Ramsey added that the checks amounted to "peeing on a forest fire."
On his website, Ramsey advocates having an emergency fund of at least $1,000 (with a goal of eventually saving 3-6 months of income). A CBS News survey found that only 39 percent of Americans could cover a $1,000 emergency without borrowing the money. The proposed stimulus would, by itself, fund Ramsey's recommended minimum emergency fund for tens of millions of Americans who may or may not have "something else going on."
Watch above, via Fox News.