“conspicuously absent is the policy that would do the most to guarantee — or at least support — ongoing recovery: automatic stabilizers.
The idea is simple, and backed by an array of economists. We’re in a depression. The support people need should be tied to the economic conditions they face, not arbitrary expiration dates.”
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“There are various proposals for how to do it. Rep. Don Beyer’s (D-VA) Worker Relief and Security Act is a good place to start. It groups states into tiers based on their unemployment rates, and ties both extensions and expansions of unemployment insurance to those tiers. The support doesn’t end until the economic emergency ends.”
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” Automatic stabilizers are, if anything, cheaper than the alternative. They ensure the money is spent as soon as it’s needed. “The faster you act, the more effective the relief will be at fighting the recession,””