Thursday, March 26, 2020

Four months or more

Under existing law there were many restrictions regarding qualifying for unemployment benefits but the new virus law removes those so that just about everyone who was working and lost their job because of the virus will qualify. This means that all of those people now qualify for $600 per week unemployment compensation and this is set to continue for four months. $2,500 per month for four months is $10,000 times 100,000,000 people is one trillion dollars. There are not that many people at this point but as time passes more and more will lose their jobs. If things do not improve it may be necessary to go another 4 months. It is like being at war, the cost doesn't matter if survival is the prize.

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