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'The Real Fiscal Cliff': McConnell Drags His Feet as 30 Million Are Set to Lose Unemployment Benefits in 10 Days

Originally published at http://www.commondreams.org/news/2020/07/15/real-fiscal-cliff-mcconnell-drags-his-feet-30-million-are-set-lose-unemployment

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Ruthless thoughtless assholes. Criminals.

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The Democrat-controlled House of Representatives passed a bill in May that would extend the $600 weekly unemployment insurance boost through January of next year, but McConnell has refused to allow a vote on the legislation.

Folks, just more corroboration that we need to destroy Trump, McConnell and the whole damn Republican, Fascist Party before they destroy us!

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When I look at the totality of his influence I have to think that the rise to power of McConnell has been one of the darkest periods in American history. This POS has stifled countless proposals that could help ordinary Americans, all the while passing legislation to facilitate the money grab by elites and stacking the courts with right-wingers for decades to come. Why can’t covid take out Turtle Boy?

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There are some issues with this. Someone previously earning $300 per week, is now getting $900 a week. The republicans know this will keep people from returning to work. And JC, why should they when they can get sick going to work and earn more by staying home?

This needs to be rethought, how about a $2k monthly stipend for households earning less than $40k per year, those are the hardest hit. The unemployed would be part of that and it would target those hardest hit financially by the pandemic.

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Republicans seem to be begging for violence against themselves. They may just get more than an ass kicking at the polls if people clue into their depravity.

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The sack of hammers just got dumber.

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As long as the stock market is up (???) all is well as far as these fools are concerned. I am still waiting for someone to report how much money huge corporations received to stop the free fall of the market. Socialism is in the eye of the beholder, no qualms bankrolling the wealthy.

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Real wages in the US haven’t grown for decades, the costs of housing, education and healthcare have been far outpacing wage growth for decades. Private debt is massive, most people were a small emergency away from being essentially homeless and inequality has exploded. That was all true before COVID-19. And throw out the millions lacking healthcare, millions trapped in jobs, millions driven into bankruptcy and crushing debt because of healthcare. I was in favor of a universal basic income before this, for Christ sake, and using the sorry state of the American worker prior to the crisis is not a justification to give people less money now. $300 dollars a week is $15,600 a year. So, are we, using this logic, then to just give someone enough money to continue to suffer in modern America? The left has not had an opportunity like this in decades. The failures of this system and all of those that want to largely maintain it has never been more obvious.

I work in planning. I cannot put into words the dire state of almost every business in the community. Effective demand has utterly collapsed, and cutting back money going into the economy now is going to cause a further reduction in demand, which will lead to more layoffs. Beyond that, state and local governments are being left to die, which means more layoffs there are on the horizon. The idea of doing means testing, which will lessen effective demand, right now is insane. Basic economics has to come into play here. We should not further burden overburdened public institutions and should send out a decently low basic income for everyone (about where unemployment is now) and then could have additional assistance for people in certain income groups. We could tax away what is given to people above an income threshold at the end of the year, if people want to freaking means test this. Putting that at $40,000 for a FAMILY is nuts. Maybe for an individual, maybe, but for a family? You know what standard of living you have here in California if you are a family of 4 making $40,000 a year?

We’re doomed. The fucking Democrats gave up all their damn leverage months ago with those monstrous CARES Acts. Just wait until people start getting kicked out of their homes, when they are then forced to pay back rent, when local and state governments start to lay more people off, and when unemployment and this assistance is lessened. Utter collapse in effective demand. This is why Richard Wolff has said that what is facing us could be worse than the Great Depression. At least then unions were strong and the Socialist Party and Communist Party were a lot more powerful than anything similar now. There is nothing to push these plutocrats, and the Democrats are a pathetic opposition party. Pelosi fought against automatic stabilizers because she was fucking afraid of the scoring and was afraid of the spending impact, which is insanely ignorant. The federal government doesn’t face the same fiscal constraints of state and local governments! It creates the currency we use. Think her class and ideological bias doesn’t greatly explain that? That woman went on the House floor and paid tribute to PETE PETERSON, pushed for pay go. Who needs a right wing when we have liberals like her?

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Prediction: The Dow Jones Industrial Average will jump dramatically after the 30 million working Americans lose unemployment insurance AND The Donald tRump will loudly tell us that he is “rebuilding the economy bigly”.

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And then there is “efficiency gone mad” as Hasan Minhaj so eloquently lays out before us.

Hyper-monopolistic Efficiency and brittle breakage when something like a pandemic occurs…sometimes the dark side is best explained by a comedian.

How Coronavirus Broke America | Patriot Act with Hasan Minhaj

~https://www.youtube.com/watch?v=nrKxOnNaGHc

Classic McConnell. Delay. Delay. Delay.

Then, with no time to spare put forward a lengthy bill that the Senate has no time to read in full – with LOTS of corporate perks slid in between the lines.

And use the time frame as blackmail.

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“The framers of the Affordable Care Act tried to curb insurers’ profits and their executives’ salaries, which were some of the highest in the U.S. health care industry, by requiring them to spend 80 to 85 percent of every premium dollar on patient care. Insurers fought bitterly against this provision. Its inclusion in the ACA was hailed as a victory for consumers. But even that apparent “demand” was actually quite a generous gift when you consider that Medicare uses 98 percent of its funding for health care and only 2 percent for administration.”

ttps://stanmed.stanford.edu/2017spring/how-health-insurance-changed-from-protecting-patients-to-seeking-profit.html

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I completely agree. I would prefer to see a basic income–for everyone aged 18 on up. No one asks to be born and no one should be left to fend for themselves. Everyone should have a base income to exist on. One that provides enough not to be homeless or hungry, no rules, no means testing, no nothing. Anything else one earns provides a better standard of living. So be it. This would end the lost War on Poverty, welfare programs, food stamps etc. And even better still if we had a universal national health care program.

My post was in regard to the republicans refusal to get on board with the bill as it stands in regard to unemployment. Many people not on unemployment are in financial dire straits too. In addition to unemployment why not send out a monthly stimulus check to all low income households. If there has to be a minimum for assistance then set one, that’s certainly better than nothing. At least those with the most need will benefit. Yes, I have lived in San Francisco. I know the cost of living there. Each state should have some input for funds coming from the federal government, but we know this is moot. It isn’t going to happen. The best we can hope for is to build on and push for what’s already in the bill.

There’s no silver lining here. Pelosi isn’t going anywhere and we’re stuck with either Biden or Trump. It’ll get a lot worse before it gets any better. If it ever does.

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In the present moment, we just shouldn’t be pushing to decrease effective demand. The argument should be where to increase effective demand. Giving money to people with high propensities to spend is important, and even the formerly upper middle class are now in danger of falling into poverty anyway. But, we are America, so the debate is where to decrease effective demand. The assumption is then how to commit collective suicide. I think giving relatively well off people a little money they now maybe don’t need is far less an issue than brining on a massive deflationary spiral.

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Apparently you know very little about unemployment benefits. If your on unemployment and you refuse a job offer, your benefits end.
Also there are states like mine, who won’t pay benefits to anyone who is self employed, the $600 from the feds is their only lifeline right now.

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The CARES Act signed into law by President Trump on March 27, 2020, gives states the option of extending unemployment compensation to independent contractors and other workers who are ordinarily ineligible for unemployment benefits. Please contact your state’s unemployment insurance office at the website or phone number provided below to learn more about the availability of these benefits where you live.

You’ve missed my point, and that is: some people are collecting more from unemployment right now than they earned when they worked. This is, obviously, an incentive not to return to work.
That doesn’t mean (1) they don’t need it; or (2) they don’t deserve it. I don’t blame anyone for not wanting to return to work when doing so could make them ill, sometimes severely ill.

The bill is not going to pass if the two sides cannot come to some sort of meeting of the minds and Trump is willing to sign it, but stand back, that means that for the nickels and dimes the working class receives Trump, Pelosi and their ilk will be raking in 1000x that.

I’m not disagreeing with you. Can’t stimulate the economy w/trickle down (Obama, et al). I’ve been posting this for the past several years: if the government wants to stimulate the economy then extend assistance (cash) to those that have no choice but to spend it. Not the top 10%.

Apparently our lawmakers prefer to bailout their wealthy benefactors, a small percentage of the population and not the voters, a large percentage of the population. When an election rolls around is about the only time they pay lip service to the voters.

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Exactly my point, if you are self employed, the $600 from the feds is the only unemployment money you can/are receive(ing), this ends in 2 weeks.
You didn’t read whit I wrote above, your point is moot, it doesn’t matter if they were collecting more than they made at their jobs, if their job becomes available and they refuse to go back to work, they are cut off from the unemployment benefits, period.

Get rid of McConnell ~ he’s crazy, stupid & Perfidious.

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