Dave Ramsey, known for his financial advice, went on Fox News and criticized the idea of another round of stimulus checks for the country during the coronavirus pandemic.
“I don't believe in a stimulus check because if $600 or $1,400 changes your life, you were pretty much screwed already. You got other issues going on,” Ramsey said in the interview.
Fox News guest Dave Ramsey: "I don't believe in a stimulus check because if $600 or $1400 changes your life you were pretty much screwed already. You got other issues going on." pic.twitter.com/6r1kTCxt8E— John Whitehouse (@existentialfish) February 11, 2021
Congress has been debating another round of stimulus checks as many are still out of jobs and struggling due to the pandemic.
Ramsey said there are other issues in a person’s life, like career or debt problems, if a stimulus check is that impactful to a person.
“That’s not talking down to folks. I’ve been bankrupt. I’ve been broke. I work with people every day who are hurting. I love people. I want people to be lifted up, but this is, again, it is just political rhetoric,” Ramsey said.
Ramsey is most known for his “baby step” program for getting out of debt and on stable financial ground.
Ramsey also discussed during the interview how he doesn’t believe that student loan forgiveness will help stimulate the economy and will only benefit those who would have been able to afford to pay off their debts.
Student loan forgiveness has been pushed by many on the left, including President BidenJoe BidenHouse clears bill to provide veterans with cost-of-living adjustment On The Money — Dems dare GOP to vote for shutdown, default To reduce poverty, stop burdening the poor: What Joe Manchin gets wrong about the child tax credit MORE, who has endorsed the idea.
Despite not supporting government forgiveness of debt, Ramsey’s company, Ramsey Solutions, paid off $10 million in debt for 8,000 people over the holiday season.