Stimulus & Bailout Watch Thread

[The G.O.D II]

 

[Deafheaven]

Breh still view fishing

 

[BK The Great]

 

[Hood Critic]

Without federal aid, states could resort to cutting back employment and services in education, transportation, infrastructure and other key fields.

“The actions state governments take affect the lives of Americans in huge ways,” said Josh Goodman of the Pew Charitable Trusts’ state fiscal health project.

“When they’re in difficult budget positions, they’re either cutting services when people can least afford it or raising taxes when people can least afford it.”

The disagreement on state and local aid is holding up a broader package that would, among other things, renew expanded unemployment payments that expired in July, provide funds for reopening schools, revive a successful loan program for small businesses, and bolster the public health response.

Experts also say that topping up state and local funds will be crucial to the country's recovery following the pandemic, and the longer Congress takes to reinstate those programs the deeper the economic scars will be.

Justin Theal, Goodman’s partner at Pew, said the Great Recession should serve as a warning.

“One of the hallmarks of the recovery from the Great Recession was how long it took for states and local budgets to recover. It was slower than the previous four downturns,” he said.

 

[BK The Great]

 

[FAH1223]

 

[Ethnic Vagina Finder]

the government might as well shut down.

They allowed Covid-19 to spread, businesses to close, and potentially millions to get evicted.

They been shut down when it’s mattered most.

 

[the cac mamba]

what do you think happens if the government shuts down before the election? hurt or help trump? i feel like its gotta hurt him

 

[Flex Luger]

 

[High quality poster]

When does basic unemployment run out?

 

[The G.O.D II]

Yea they say meadows is basically running interference because the White House feels Mnuchin(whos a corporate dem) caves too much to pelosi. Also most of the senate rethugs are opposed to any more spending regardless so idk how anything will pass.

 

[dora_da_destroyer]

When does basic unemployment run out?

CARES act added 13 weeks, so for most states, it's now 39 weeks (26 was the baseline) but you need to check your state to know how many weeks they provide, then add 13

 

[BK The Great]

Probably just another bailout
https://twitter.com/cnbcpolitics/status/1303348368262004740?s=21

 

[Deafheaven]

We still doing this

These bytches gave us 1200 4 months ago and said go play in traffic. fukk em

 

[BK The Great]