Posted on 04/30/2020 4:33:41 PM PDT by Skywise
Edited on 04/30/2020 4:42:49 PM PDT by Admin Moderator. [history]
Buried in a story about the overly generous unemployment “bonus” that Democrats added to the CARES Act is the reason why they insisted on it in the first place — and why it will drag down the recovery once the lockdown ends.
While lawmakers were hammering out the massive $2 trillion bill, a key focus of which was to keep workers connected to their jobs through a loan guarantee program — Democrats insisted on a huge increase in unemployment benefits.
The result was a $600 a week bonus. New York Sen. Chuck Schumer was right to call this “unemployment on steroids.”
Well, guess what?
“The $600 payment aligns with working full time at $15 an hour – the minimum-wage level many Democrats in Congress support,” notes the Wall Street Journal.
The Journal reports that – thanks to this bonus – workers will get an average of $978 in unemployment benefits. What’s more, “Labor Department statistics show half of full-time workers earned $957 or less each week in the first quarter of 2020.”
South Carolina Sen. Lindsey Graham had it exactly right when he said that: “You’re literally incentivizing taking people out of the workforce at a time when we need critical infrastructure supplied with workers. If this is not a drafting error, then it’s the worst idea I’ve seen in a long time.”
And, indeed, this unemployment pay raise contributed to the massive surge in unemployment claims. A Heritage Foundation report published on Wednesday finds that just this one provision will cause almost 14 million more people to file for unemployment benefits than would otherwise be the case,
Money for nothing, coming from nowhere. Why hasn’t anyone ever thought of this kind of thing before?
Iowa is cutting off unemployment to employees who refuse to return to work. More states will follow.
Wait until the carrying costs of the debt swamps the federal budget.
Snuck, my ass...::
Willing Unipary enablers.
America beat King George, Santa Ana, Spain, Germany, Japan, and the Soviet Union.
But Americans have been defeated by the “liberal” enemy within.
How did this become a Democrat bill when it originated in the Senate and passed there unanimously?
get it while you can. it taint gonna last.
“South Carolina Sen. Lindsey Graham had it exactly right when he said that: “You’re literally incentivizing taking people out of the workforce at a time when we need critical infrastructure supplied with workers. If this is not a drafting error, then it’s the worst idea I’ve seen in a long time.”
Did Sen. Graham vote Yes?
The unemployment offices are buried with paperwork.
It will take them months to figure out who has returned to work, to contact those people, hold hearings on those case, etc etc.
Typical Congressional legislation—create a f*&^ing mess and force other people to deal with it.
$978 is $24.45 an hour, the equivalent of $50,856 a year. Pretty good bank for sitting at home watching TV.
Okay...no problem and no phase 4 handouts to any State period. Specific infrastructure work done by private bidding and/or the Civil Engineers only.
They are like cancer and termites. They eat from the inside.
yup
i see no reason for any republican to pass anything sent from the house.
If they overpay you you will have to pay it back.
Amazingly enough, that $600/week can have a practical purpose: to help pay for COBRA insurance for laid off workers who had company insurance, and also to save up for medical expenses related to a severe case of “just the flu, bro” if they don’t have insurance, or to pay for the Obozocare deductible.
(If anybody thinks that the disaster area known as Medicaid will pay the whole bit for a severe case, they have another think coming.)
What happens to Iowa’s “leftover” money?
My COBRA payment was to be $5800 a month. BCBS....
I’m guessing you are a civil engineer that works with infrastructure projects.
Those who are not CE’s or cannot work in the construction industry gets nothing, which is the majority of the rest of us get nothing. And I’m guessing the construction firms will just hire H1B Indian trash to do all software-related work. No thank you.
With the extra $600 per week, easy solution. In no case should the state unemployment plus the federal money be greater than the current salary.
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