If feds let jobless benefits drop, California Dems may 'backdoor borrow' to extend them | Town Square | Mountain View Online |

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If feds let jobless benefits drop, California Dems may 'backdoor borrow' to extend them

Original post made on Jul 30, 2020

Democrats have found a loophole to help stimulate the economy: "borrowing" federal dollars to continue unemployment benefits.

Read the full story here Web Link posted Wednesday, July 29, 2020, 9:51 AM

Comments (7)

Like this comment
Posted by The Business Man
a resident of Old Mountain View
on Jul 30, 2020 at 10:27 am

Hood,

If the Feds won't take this seriously, Newsom will.

Talking about a act that would almost guaranty he is presidential material. He will get all of the peoples vote nationwide regarding this act. Anyone with family or friends who lost their job during this crisis will vote for him.

He will be making fools of the Republican Senate.


6 people like this
Posted by Dan Waylonis
a resident of Jackson Park
on Jul 30, 2020 at 11:17 am

Alternatively, cut the spending. There was a whole host of new benefits and programs enacted this year. Cancel them.


Like this comment
Posted by The Business Man
a resident of Old Mountain View
on Jul 30, 2020 at 2:02 pm

In response to Dan Waylonis you said:

“Alternatively, cut the spending. There was a whole host of new benefits and programs enacted this year. Cancel them.”

It is time to hold EMPLOYERS responsible for their mismanagement. They exploit “temporary employment” via contractors and employees. They ABUSE it because employees that lose their job BY NO FAULT OF THEIR OWN are punished via unemployment insurance. And this DEPRESSES EARNINGS in all jobs ARTIFICIALLY.

Unemployment insurance should provide 100% of the last recorded wages and it should be allowed until a person can get a job EQUAL to their previous work and recieve the same wages they earned. NO ONE getting unemployment insurance should be required to get a lesser job with lesser wages.

EMPOYERS are RESPONSIBLE to pay their unemployment insurance premiums based on the economic damage they do to the PUBLIC economies. It is time to fix this broken and exploited system.

LETS FIX IT SO THAT WORKERS ARE NOT EXPLOITED BY THIS SYSTEM.

The EMPLOYERS are responsible for their actions. And this crisis is requiring these extreme steps. If you get what you want, the entire economic system will crash even worse. Do you really understand the real MESS we are in right now?


2 people like this
Posted by Steven Nelson
a resident of Cuesta Park
on Jul 31, 2020 at 12:11 pm

Thank you TBM for some cogent and SHORT comments. Directly on topic! (I don't agree with all BTW). LESS TAHN ONE PAGE OF READING!
Now - please Do Not think that you need to extensively quite entire large sections of others postings (you can start the quotation - then use ellipses ...) or that you need to copy exactly large sections of screed that you could make available through an embedded "link" (love the internet "Hypertext" invention).
Wikipedia link Web Link

best


Like this comment
Posted by Steven Goldstein
a resident of Old Mountain View
on Jul 31, 2020 at 6:04 pm

My specific questions are these:

"Should anyone be harmed because they lost a job by no fault of their own?"

Harm defined as a loss of security regarding their life.

"Shouldn't the insurance make one whole under these circumstances?"

Whole means they suffer no ill consequences for losing their work when they din't do anything wrong.

"Why should quality of life be impacted under these circumstances?"

You see my point here, workers are used like cattle or even worse CHATTEL.

And the public policies should not reward this action.


Like this comment
Posted by Steven Goldstein
a resident of Old Mountain View
on Aug 4, 2020 at 12:33 pm

Steven Goldstein is a registered user.

So here comes the real economic disaster.

Hundreds of evictions in the area.

Hundreds of businesses closed forever.

WHY?

Because the situation is that severe. The reality is that COVID is bankrupting everything, people, businesses, city, county state and the federal government.

WHY?

Because we didn't put everything in stasis in April "hoping" to have COVID treatments and vaccines in 1 to 2 quarters. THIS did not happen.

The GOP knows once the people get the rights to 100% unemployment insurance, and that the government has to socialize so much due to COVID, the people will not let it go.

Business leaders will be forced to raise wages and benefits in order to ATTRACT workers again, they have been exploiting workers for decades with an uneven playing field. Using financial trickery to indenture workers in the U.S.

I know because I was taught HOW to do it in business school. This is LEGAL under the laws, but is it ETHICAL?

TIME TO GET IT DONE OR WATCH THE BIGGEST TRAIN WRECK IN HISTORY.


Like this comment
Posted by Steven Goldstein
a resident of Old Mountain View
on Aug 6, 2020 at 5:50 pm

Steven Goldstein is a registered user.

So last week we had 167,000 new hires.

We lost 1,100,000 jobs that same week.

Please refer to the webpage titled " These Charts Put the Historic U.S. Job Losses in Perspective " (Web Link)

That is about twice the job losses we had in the peak period of great recession which was about 600,000 to 700,000 a week.

We lost only about 2.6 million during the peak period of 4 weeks during that disaster, it too to 2016 to recover the jobs from that crisis, that was 9 years.

During this crisis we lost 22,000,000 jobs in a 4 week period. If we try to recover all the jobs like the last time it will take perhaps 80-90 years.

When is everyone going to wake up that this is not fixable via a STIMULUS package, We have to go on LIFE SUPPORT mode now until the COVID crisis is over, and it is better to freeze all money for the time being, thereby all businesses will not have bills to pay along with the people. That is a fair process isn't it?


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