Real Money
Stimulus plans have strings attached to all taxpayers
“A billion here and a billion there, pretty soon you’re talking about real money.” – the late Rep. U.S. Sen. Everett M. Dirksen
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Sen. Dirksen was so 20th century: The federal government’s coronavirus (COVID-19) pandemic response can be measured not in billions, but trillions. COVID-19 relief bills infused cosmically-sized amounts of borrowed money into the national economy as lifelines for individuals and businesses in the wake of government-imposed business shutdowns.
The “free” money saved many—but not nearly all—businesses from shuttering and thrusting employees into unemployment. But nothing is free. Governmental largesse comes at a cost to taxpayers, a cost which can be inflated, manipulated, or massaged during a crisis. As Democratic U.S. Rep. James Clyburn reportedly told a House Democrats’ conference call last March, before the first trillion-dollar COVID-19 relief bill passed Congress: “This is a tremendous opportunity to restructure things to fit our vision.”
The multiple versions of the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, introduced by U.S. House Democrats as COVID-19 response legislation, are illustrative of governmental leaders responding in the manner described by the now-immortal words of President Barack Obama’s White House chief of staff Rahm Emanuel: “You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things that you think you could not do before.”
National Public Radio reported that by mid-May, the government had pumped some $3 trillion into the economy. Then came House Democrats’ proposal for another $3 trillion (later scaled down to $2.2 trillion) HEROES Act, which demonstrates that the word “coronavirus,” when festooned throughout a spending bill, covers a multitude of fiscal sins. Tennessee 3rd District U.S. Rep. Chuck Fleischmann, a member of the powerful House Appropriations Committee, described the HEROES Act as a “panoply of ultra-left-wing initiatives which they knew would be non-starters in the Senate and (the Trump) White House.”
Said Fleischmann of Democrats’ objectives, “That’s the practical effect, bailing out cities and states. There’s unlimited largesse in aid to states, largely northeastern and midwestern states, that are upside-down because of their inept handling of their pension funds and high-tax structures. It’s not fair for Tennesseans, living in a fiscally sound state.”
To Fleischmann’s point, according to an analysis by USA Today, Tennessee’s public employee pension shortfall is $1.7 billion, the country’s fifth-smallest pension liability. Conversely, California has a nearly $191 billion pension deficit, the nation’s largest. Illinois, one of the first states with its hand out after the pandemic hit, is upside-down $137 billion.
One could wonder if states in the worst financial shape have a vested interest in conducting coronavirus-related economic clampdowns. More unemployed workers and shuttered-by-government-order businesses means devastated economies, and coronavirus gets the blame. This puts pressure on the federal government to shovel money in those states’ directions.
Every dollar is ultimately the taxpayers’ responsibility. At the moment, American taxpayers are in debt for about $28 trillion. American taxpayers are forking over about $500 billion annually in interest payments on total debt outstanding – and interest payments are only growing larger.
There are those who say tax cuts are the problem; however, the government could confiscate—not tax—the wealth of every American millionaire and billionaire and it would amount to dropping a pebble into the red-ink ocean.
The House’s HEROES Acts contained temporary aid to classes of people illegally in the United States; money for science projects; suspension of federal student loan payments through September 2021; and 1,800 pages of other definitions, descriptions, and dollar amounts.
“I think the vast majority of Americans would desire and expect a reasonable stimulus bill in terms of size…On the other hand, we have to be cognizant of fact that every dollar we spend is a dollar further indebted…there’s going to be a day of reckoning,” Fleischmann said.
When that day comes, someone will try to take advantage of the crisis, because that’s how it works, particularly when you’re talking real money.
When it comes to playing online poker with real money, there are plenty of great sites that Pennsylvanian players can access. Offering up a safe, secure and fun gaming experience, these online poker rooms have been licensed by the Pennsylvania Gaming Control Board to keep you in good hands while you enjoy thrilling poker games. […]When it comes to playing online poker with real money, there are plenty of great sites that Pennsylvanian players can access. Offering up a safe, secure and fun gaming experience, these online poker rooms have been licensed by the Pennsylvania Gaming Control Board to keep you in good hands while you enjoy thrilling poker games.
At real money poker sites, you have the ability to earn impressive prizes and brush up on your skills. You’ll be able to compete with thousands of players for the cash to cash in on amazing prize pools, and claim some fantastic bonuses that give you bankroll a significant boost.
Claiming Bonuses and Promotions
When you play at real money online poker rooms, you’ll be able to take advantage of some great perks and promotions that provide you with a little – or, a lot of – extra cash in your bankroll. These are some of the most common bonuses that you’ll be able to claim at online casinos.
No Deposit Bonuses
A no deposit bonus allows you to claim a small amount of cash for free without having to spend any money. This bonus is normally offered as soon as you’ve finished registering for the site and verifying your account. The amount is usually never more than $10 but it makes for a great start to any online poker career.
Welcome Bonuses
Once you’ve claimed your no deposit bonus, a welcome bonus is available – which is provided when you make your first deposit. This usually comes in the form of a match bonus that is a 100% match of your deposit, and sometimes they can be as much as 200%. Operators will often bundle your welcome bonus with freeroll tickets.
Reload Bonuses
When you play online poker with real money, you can get little boosts throughout your membership. Reload bonuses are available to existing players, allowing them to claim extra money on top of their deposits. These tend to range from 25% matches to 50% but VIP players sometimes get more. Check the Promotions page of your chosen online casino to find out when reload bonuses are available.
VIP Programs
Even though they’re called VIP programs, they’re not exclusively available to high rollers. In fact, at most online poker sites, everyone can join the VIP (or loyalty) program. Every time you take part in games, you’ll be provided with a number of points that you’ll eventually be able to redeem for cash and tournament tickets.
You can climb the ranks of the VIP program by depositing more over time. As you move up the levels, you’ll be able to claim better perks such as larger reload bonuses and entry into exclusive tournaments.
Freeroll Tournaments
These are tournaments that you don’t have to pay a cent to enter into. They are often provided to new players and as part of special promotions. You can even cash in your VIP points for the chance to play in freerolls. While the prizes are not as large as they are in paid tournaments, it’s worth playing in freerolls because there is no financial commitment whatsoever.
Exciting Real Money Poker Games
There are plenty of exciting activities that you can take part when you play online poker with real money. Not only do you have access to a wide range of cash game variants; you can also take part in all sorts of exciting tournaments that provide you with the chance to win big.
Cash Game Variants
In Pennsylvania, you’ll find Texas Hold’em and Omaha Poker. Razz and Stud games are not often available at regulated online poker, but you’ll still be able to take part in the most popular online poker games that draw plenty of players and lots of competition.
Fast fold poker is another fun online poker variant. This type of poker moves you to a new table every time you fold or win a hand. You get a new hand right away, so you get to play many more hands per hour and rake in those big bucks.
Types of Online Poker Tournaments
The tournament selection at real money poker sites is also very impressive. There are all sorts of exciting competitions that you can take part in, each offering its own unique spin on classic poker.
- Sit n Gos: In this type of tournament, the competition begins as soon as a certain number of players sit at the table. The player pool is quite small, so sit n gos make a great place to practice.
- Turbos and Hypers: In turbo tournaments, the blinds increase every five minutes or so. This speeds up the gameplay, and makes things more exciting.
- Satellites: Rather than playing for cash prizes, you’ll be playing for the chance to win entry into other tournaments with larger prize pools.
- Freerolls: There is no entry fee into this type of tournament. As a result, the prize pools are smaller than in standard tournaments.
- Heads Up Tournaments: These are tournaments in which you play against one other player at a time, rather than six-handed or nine-handed.
- Rebuys: Normally, when you’re eliminated from a tournament, that’s it. However, in rebuy tournaments, you can pay a fee to re-enter after you’ve busted.
- Bounty Tournaments: Each player has a bounty on their head and, when you eliminate someone, you receive their bounty and your bounty increases.
Online poker rooms are always thinking up innovative ways to engage players in tournaments. So, always be on the lookout for new types of competitions that you can take part in.
Is it Safe Playing Real Money Poker?
Now that online poker has been legalized in Pennsylvania, it is perfect safe for you to gamble at licensed sites. While there are still offshore poker sites that offer their services to local players, it’s always better for you to register and play with a site that has been licensed by the Pennsylvania Gaming Control Board.
This authority thoroughly vets all licensees to ensure that they are committed to providing players with a safe and secure online gaming experience. They must have fair gaming standards in place and provide a high level of security that ensures your personal information cannot be accessed by third parties.
When it comes to playing at offshore sites, the majority of these destinations are licensed by gaming authorities in places like Gibraltar, the United Kingdom and Malta – so, they have many of the same safeguards in place. However, since they are technically not legally licensed to operate in the United States, there is always the chance that they could exit the market at any time and refuse to accept American players in the future. This ends up being quite an inconvenience for US-based players, and it can sometimes be difficult for them to access their accounts and withdraw money.
So, as a Pennsylvania, it’s best that you stick with playing online poker with real money at PGCB-licensed gaming sites. You can always rest assured that you’re in good hands and that your gaming experience will be a safe one.
Banking at Real Money Online Poker Sites
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If you’re playing online poker in Pennsylvania, you’ll have a wide range of options to choose from when it comes to making deposits and withdrawals to your account. There are many safe and secure options that allow you to fund your account easily with convenient and secure banking methods.
By playing at a licensed online poker site in Pennsylvania, you’ll be able to use credit cards, bank transfers and trustworthy e-wallets to make deposits and withdrawals. Each method offers safe transactions which ensure that your banking details will not be accessed by anyone outside of the casino operator.
The Street Real Money
It’s important to remember that you’ll have to submit documents before you can make a withdrawal at a poker site. Your ID (a passport or driver’s license) and a document that shows your home address are usually the documents that the poker room operator will request. If you’re unable to provide these documents, then your withdrawal will not be processed.
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There are plenty of places to play online poker with real money in Pennsylvania. So, take advantage of all of the great opportunities available to you, where you can access exciting games, fun tournaments, generous promotions and safe banking.