The discussion about putting $1,000 in “every American’s hands” it certainly in the right spirit but it’s wrong headed. There is a better way:
- Modify the rules for Unemployment Insurance and temporarily increase the amount that those who qualify will receive and don’t send any money to anyone who is still working
- Make “no interest” loans available to businesses who are prohibited from opening because of the Covid-19 pandemic (which FEMA kinda does after a natural disaster)
- At a subsequent date, Congress can take up what percentage of those loans will need to be repaid — the target will be 50%.
What this will do is (1) stabilize the workforce and (2) stabilize small businesses in the short-term with (2) additional refining legislation being passed in the future to tailor this aid as the situation dictates