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Saturday, May 16, 2020

The Democrats’ HEROES Act Could Extend Our Economic Distress

Continuing to fund additional unemployment benefits will deter workers from returning as the economy tries to re-open.

Thanks to the economic relief packages that have already been implemented, the U.S. is set to run a $3.8 trillion deficit this year. But Speaker of the House Nancy Pelosi and her fellow House Democrats have proposed yet another round of spending—the $3 trillion “HEROES Act.”

The bill includes a federal bailout for financially struggling states and localities and additional broad-based $1,200 relief checks for individuals. But the most significant provision could be its extension of enhanced unemployment benefits through January 2021. Critics warn this could undermine states’ efforts to reopen and put a drag on our economic recovery through 2021.

Here’s why.

6 comments:

Anonymous said...

And guess which states are financially struggling! The most liberal!

Anonymous said...

Another 3 trillion so us average working class Americans can receive another $1200 check? No thank you.

Anonymous said...

This bill only helps the democrats agenda like giving governors billions with no oversight not working families.

Anonymous said...

We Americans NEED the $$$$ benefits to survive > we Don't Need
the PORK bullshhhht Democrats always try to include in the Bills !!!!

Don't Punish us who need money because of Democrat tactics !!!!

Just PASS the damn Bill with our needed $$$$ & throw Out the rest !!!!

Anonymous said...

Get -er -Done this week May 18, 2020 !!! Not Weeks later !!!

Anonymous said...

Much More Fed & State STIMULUS $$$$$ needed for the Working
Class Americans , TOP PRIORITY !!!

$1200.00 ea for each Month to come
$600.00 ea for each Week of Unemployment to come

TAX FREE !!!! + Increase (Double) the state Unemployment Amount
TAX FREE !!!