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:

  1. 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
  2. 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)
  3. 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

Call Now Button