Zeroes Edition. This week’s stats show some high numbers – millions more COVID-19 cases, billions of dollars in unemployment benefits now expired for 3 weeks, and 19 million children in households threatened with eviction and hunger – but a lot of zeroes. These convey the likely impact of President Trump’s executive actions, at least in the next couple of months. The Executive Order related to housing does exactly nothing – it asks government departments to look into what might be done to provide rental or mortgage assistance, and does NOT extend the eviction moratorium that expired at the end of July. Trump wants employers not to withhold the worker share of the Social Security payroll tax from September through December. But employers don’t have to do that, and business experts think many won’t, because all those taxes will come due in January. And the new “Lost Wages Assistance” that would provide $300/week in federal money to jobless workers who have now gone three weeks without the expired $600/week Pandemic Unemployment Compensation? It will be so complicated for states to set up that it could easily take a couple of months before any money was distributed, so zero to workers in August and probably September. It won’t last long – the money will run out in 5-6 weeks.
There are millions of people unemployed, and the number out of work for 15 weeks or longer doubled from June to July (to 8 million). The total number of unemployment claims out today is over 1.3 million for the week ending August 8 (including regular state UI plus the federal program covering gig and self-employed workers). These workers need more than zeroes. People facing evictions and hunger need more than zeroes. State and local governments need more than zeroes. They need Senate Majority Leader McConnell, AWOL from negotiations so far, to step up and work out new legislation with Speaker Pelosi and Senate Minority Leader Schumer. McConnell and Trump seem to think the voters will be content with words, but no meaningful action. But too much is at stake – our health, jobs, homes, and economic future. Let your Senators know you know the difference between 0 and real help.
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