Deleted member 2897
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Here is one illustration of the challenges with any bailout bill.
If you allow people to stop paying mortgages, utility bills, and so on, then those companies they owe will need a bailout.
https://www.wsj.com/articles/mortga...s-as-coronavirus-slams-homeowners-11585017857
There are no easy answers. Its just different flavors of suck.
Personally I am an advocate of juiced unemployment - like 1 month at a time, pay those unemployed 80% of what they used to make (or pick a number). That will enable them to pay their bills, which would then avoid having to give those businesses they owe a bailout too.
There are lots of small businesses like restaurants that are just dead. Offering them a no interest loan doesn't help - its a huge debt around their neck they'll never be able to pay off again. Unfortunately many companies are just going to have to suffer until our economy starts to return to normal and then start over. We have bankruptcy laws for those. Perhaps they can come up with some ideas within that realm.
No easy answers. Its sad.
If you allow people to stop paying mortgages, utility bills, and so on, then those companies they owe will need a bailout.
https://www.wsj.com/articles/mortga...s-as-coronavirus-slams-homeowners-11585017857
There are no easy answers. Its just different flavors of suck.
Personally I am an advocate of juiced unemployment - like 1 month at a time, pay those unemployed 80% of what they used to make (or pick a number). That will enable them to pay their bills, which would then avoid having to give those businesses they owe a bailout too.
There are lots of small businesses like restaurants that are just dead. Offering them a no interest loan doesn't help - its a huge debt around their neck they'll never be able to pay off again. Unfortunately many companies are just going to have to suffer until our economy starts to return to normal and then start over. We have bankruptcy laws for those. Perhaps they can come up with some ideas within that realm.
No easy answers. Its sad.