GOP Appears Ready to Cave on $600-a-Week Unemployment Benefit

pjmedia.com ^ | 8/1/2020 (1217 edt) | Rick Moran

[rktman]

Senate Republicans and Democratic leaders are huddled in the White House this weekend looking for a deal on a coronavirus relief package that can pass both the House and Senate as well as being signed by the president.

With the enhanced federal unemployment benefit of $600 a week expiring on Friday, the Republicans now appear willing to extend that benefit for the short term — several weeks at least. The Senate wants to bring an unemployment benefits bill to the floor as early as next week, but Democrats are balking. They want the whole $3 trillion package they passed in the House or nothing.

Democrats are calculating that Donald Trump is so desperate for a deal that he will eventually be forced to give in to Democratic demands and approve a sizable chunk of that $3 trillion. It includes increasing food stamp aid, monies for state and local governments with virtually no strings attached, and aid for beleaguered renters and homeowners on the verge of being evicted.

It will also include $1200 payments to individuals — another top Trump priority.

[Dave W]

I think you completely don't understand what is going on beyond your front door. We will have a depression otherwise, so everyone can be miserable. One third of restaurants are going to go belly up. You will have homeless everywhere if the government does not bail out everyone and all industries. They caused it.

Also, the notion that it will come from our kids is very 1980s. At this point, we all know, the government will not be paying any of this debt back. It is too big and every politician in DC knows we aren't going to pay down the debt. We aren't borrowing the money from anyone. The Fed creates money out of thin air and electronically loans it to the federal government. The Fed just keeps the money on its balance sheet and that's that.

At some point, the debt will get to be so big, there will be hyperinflation. It could be 5 years from now or 50 years from now. No one knows. The government will then pay the entire debt back with tons of inflated money and then issues a new currency and we all start over again.

That is the history of the world. No currency from any one country has lasted more than 200 years, but that is the scenario to expect and all the senators and congressmen know it and they just hope it does not happen on their watch and it probably won't.

[Dave W]

Actually we do need a new FBI building. It is literally falling apart. The federal govt started looking for a site about 10 years ago and it has become very political. Maryland and Virginia have pulled out the stops to land the building on its soil and basically it is so touchy politically that no site has been chosen - it is a hot potato. Maryland seems to think it belongs to them and has been very insistent.

But the building itself is falling apart. It is about 50 years old or so and was not built very well, unfortunately. It is also a security risk since it is so close to the street. They have wanted to move its operations to a more secure location ever since 9/11.

[Dave W]

Perhaps, but it was the government that ordered the economy to self destruct and put 40+ million people out of work, which many can’t now pay their rent/mortgage. The government should make them whole. We will be bailing out everyone and everything for years - count on it.

[Dave W]

I don't care anymore what kind of blow back I get. Many aren't just principled, they are literally frozen with inaction if one thing out of 20 they disagree with. They won't vote for the republican if they disagree with 1% of the candidate's positions.

Instead of getting a half filled glass, they get a completely empty glass and they're happy about it. They are as much as the problem as any democrat is.

[stanne]

“... At this point, we all know, the government will not be paying any of this debt back...”

We all know...nothing.

Anyone e we go does not realize that all debt is paid by either the debtor or the debtee knows very little about this particular subject.

Furthermore, People are being paid more to not work than to work.

Lastly, it is a national security problem.

I will say and agree that as an issue of preserving the senate and gaining the house and keeping beloved Trump in the White s—- ya. Bring it on.

[Maris Crane]

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

PLEASE, NOOOOOOOOOOOOOOOOOOOOOO;

[Dave W]

Trump doesn’t have the power to change leadership. I’m curious as to why you think he does. The senators vote for their leadership as do the congressmen - on a secret ballot. The only vote that is public is for Speaker of the House.

[Rebelbase]

Rioting crowds to receive renewed funding.

[montag813]

And Dalit recruiters have started to move from App development into games development and corporate training.

Unf**king real. USTechWorkers is fighting hard, but the CoC has billions in checks cashed across D.C. and the nation.

[novemberslady]

Bttt

[Buckeye McFrog]

3 months to an election. They really had no choice.

Trump could have stopped it by getting control of COVID case counting, firing Fauci and dropping his unqualified support for shutdown governors.

[novemberslady]

I want Trump to stand tough on bailing out cities and states, but everything else is fair game.

Bttt

[novemberslady]

All they need to do is audit and track down who all was offered their job back and refused

Who's paying whom to do that?
who's on first...

[EEGator]

Yes, all 40-50 million unemployed are rioting.
No one lost their job due to government.

[Carl Vehse]

This is another reason why each state’s election process needs to permit a registered voter the right to cast one positive or one negative vote for one candidate in each elective office. The candidate with the most positive (or, more likely, least negative) sum of votes is the winner (or gets the electoral votes) for that office.

Exercising such a complete voting right, the voter could then cast a negative vote against the worst of evil candidates for an office rather than being forced to cast a positive vote for the least evil candidate for an office.

Of course, it doubtful that politicians from any party will voluntarily support giving voters such a complete voting right to voters. But it’s time all politicians be pressured to do so.

[rktman]

Did they actually cave? It “appeared” they were ready to. Did they in fact? Haven’t seen it yet today.

[alstewartfan]

I know. Just joking, DG.

[Georgia Girl 2]

“the bill is irrelevant as it will never be paid back”.

You are righter than you know. Trump is not worrying about the debt or deficit as he has no plans to pay it back. He is loading up the Federal Reserve’s balance sheet so he can bankrupt it.

Much of the first stimulus package was not secured by Treasury notes. In other words an unsecured loan backed by a resolution of Congress to pay the money back sometime in the future. Fed dollars are also being used to buyback our debt held by other countries so they won’t be mad when we default on the Fed and it basically goes away.

Look for Trump to simultaneously bring out a new Treasury dollar tied to gold with a set price on gold that does not fluctuate. Hence the new dollar cannot be devalued. This is the reset Trump is planning for his second term.

There is definitely going to be a reset. It will either be Trump’s reset which will mortally wound the global cabal or it will be their reset which will roll out a universal digital currency designed to control all our lives.

[Svartalfiar]

All they need to do is audit and track down who all was offered their job back and refused

Who's paying whom to do that?
who's on first...

It varies by the State. In Texas, it's run by TWC, the Texas Workforce Commission. I don't know how much they audit, but they do do minimal investigation every two weeks when you submit your payment request, to ensure you're still eligible. Employers are supposed to submit a form for anyone who doesn't return, but I don't think there's much enforcement on that. Definitely need to add some!

For most States, the only way you can refuse work and still be eligible for UI is if you are diagnosed with ChinaVirus and you're showing symptoms, or are high-risk (65+), or possibly if you have people in your household who are confirmed sick. But just being scared of going out is not a valid excuse.

https://ogletree.com/insights/texas-workforce-commission-provides-form-for-employers-to-report-employee-reemployment-offer-refusals/

https://www.mwellp.com/unemployment-how-to-report-employees-who-refuse-to-return-to-work/

[Svartalfiar]

If you don’t extend the federal UI benefits, we will lose the Senate and Presidency.

I agree with the UI benefits but not the extra $600.

Why do we need to extend unemployment benefits? Most States offer 26 weeks, max. If your business shut down in mid-March (the earliest anyone would have), your UI would currently be ending the first/second week of September.

But wait! FedGov already passed an extension, the PUEC or something like that. Adds in an extra 13 weeks of UI courtesy of the US taxpayer. So now, you aren't getting kicked off (maxed out your benefits) until the first or second week in December. The ONLY thing ending now, that everyone complains about, is the bonus $600. There is no0 actual argument for extending UI benefits, the only argument right now is extending/cutting the $600/week helicopter money.