Congress Proposal to Give Everyone $2000/mo ‘Strengthens Case for Bitcoin’

Democrat congresswoman Maxine Waters has proposed giving $2000 a month to every adult, and $1000 a month to every child in America, to help see them through the COVID-19 financial crisis.

Waters — the Chair of the U.S. House Financial Services Committee — made a series of other extraordinary legislative proposals to help the economy in a memorandum dated March 18.

The proposals also include a suspension of all consumer and small business credit payments, including mortgages, car payments, student loans, small business loans and personal loans.

It’s a sign of just how desperate the financial situation is, that economic proposals that are more far reaching than anything since the Great Depression are even on the table. They go much further than presidential-hopeful Bernie Sanders’ recent call for a one-off $2000 emergency payment.

Announcing the proposed measures, Waters said that media reports indicated the Trump Administration would give $850 billion in aid to impacted…