{"id":2870,"date":"2020-06-06T20:56:05","date_gmt":"2020-06-06T20:56:05","guid":{"rendered":"http:\/\/lonecandle.com\/?p=2870"},"modified":"2020-06-06T20:56:05","modified_gmt":"2020-06-06T20:56:05","slug":"the-vital-missing-piece-of-the-democrats-stimulus-bill","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=2870","title":{"rendered":"The vital missing piece of the Democrats\u2019 stimulus bill"},"content":{"rendered":"\n<p>\n\n&#8220;conspicuously absent is the policy that would do the most to guarantee \u2014 or at least support \u2014 ongoing recovery: automatic stabilizers.<\/p>\n\n\n\n<p>The idea is simple, and backed by an array of economists. We\u2019re in a depression. The support people need should be tied to the economic conditions they face, not arbitrary expiration dates.&#8221;<\/p>\n\n\n\n<p>&#8230;<\/p>\n\n\n\n<p>&#8220;There are various proposals for how to do it. Rep. Don Beyer\u2019s (D-VA)&nbsp;<a href=\"https:\/\/beyer.house.gov\/uploadedfiles\/worker_relief_and_security_act_specs.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Worker Relief and Security Act<\/a>&nbsp;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\u2019t end until the economic emergency ends.&#8221;&nbsp;<\/p>\n\n\n\n<p>&#8230;<\/p>\n\n\n\n<p>&#8221; Automatic stabilizers are, if anything, cheaper than the alternative. They ensure the money is spent as soon as it\u2019s needed. \u201cThe faster you act, the more effective the relief will be at fighting the recession,\u201d&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.vox.com\/2020\/5\/28\/21271120\/heroes-act-coronavirus-stimulus-pelosi-mcconnell-unemployment-insurance\">https:\/\/www.vox.com\/2020\/5\/28\/21271120\/heroes-act-coronavirus-stimulus-pelosi-mcconnell-unemployment-insurance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;conspicuously absent is the policy that would do the most to guarantee \u2014 or at least support \u2014 ongoing recovery: automatic stabilizers.<\/p>\n<p>The idea is simple, and backed by an array of economists. We\u2019re in a depression. The support people need should be tied to the economic conditions they face, not arbitrary expiration dates.&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;There are various proposals for how to do it. Rep. Don Beyer\u2019s (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\u2019t end until the economic emergency ends.&#8221; <\/p>\n<p>&#8230;<\/p>\n<p>&#8221; Automatic stabilizers are, if anything, cheaper than the alternative. They ensure the money is spent as soon as it\u2019s needed. \u201cThe faster you act, the more effective the relief will be at fighting the recession,\u201d&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[588,409,483,624],"class_list":["post-2870","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-corona","tag-coronavirus","tag-covid-19","tag-stimulus"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/2870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2870"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/2870\/revisions"}],"predecessor-version":[{"id":2871,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/2870\/revisions\/2871"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}