Debt Rattle November 20 2020

 

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This topic contains 41 replies, has 18 voices, and was last updated by  thomasjkenney 2 months ago.

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  • #65878

    zerosum
    Participant

    What’s coming
    “John Kerry Says ‘Great Reset’ Is Needed To Stop Rise Of Populism”
    (Here is the reset. see last link)
    Go Back to ZERO
    https://www.zerohedge.com/political/theres-plenty-firepower-left-mnuchin-defends-decision-end-feds-emergency-lending-programs
    (Ending all of Trump\’s programs and taking back money not spent.)
    Who will it affect.
    https://www.zerohedge.com/personal-finance/covid-aid-set-expire-year-end-many-us-citizens-face-their-own-fiscal-cliff
    With COVID Aid Set To Expire By Year-End, Many US Citizens Face Their Own “Fiscal Cliff”

    For example, Bloomberg notes that 12 million people are facing a late-December cutoff from the end of two federal unemployment-insurance programs. Additionally, student loan payments will no longer be frozen and mortgage forbearance, along with eviction moratoriums, will also expire. On top of that, the Fed’s lending facilities for small businesses and local governments will also dry up.
    An estimated 7.3 million workers will see their Pandemic Unemployment Assistance (PUA) benefits expire on December 26, and 945,000 will run out of PUA before December.
    An estimated 4.6 million workers will see their PEUC benefits prematurely expire on December 26. There is some hope that Covid relief could come as part of a spending bill needed to avoid a government shutdown, but with most of congress adjourned – and the rest deadlocked – hopes for getting a deal done in 2020 seem dim.

    Imagine where our social/economic system would be today if the gov had not spent money that they don’t have.

    #65881

    thomasjkenney
    Participant

    @wes: cousin dying, not mom. Mom had the C germ Oct last year, recovered, go-go-gopher ever since. Thanks.

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