Ray From Cleveland
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- Aug 16, 2015
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- #61
Unemployment is not enough for rent, food, and utilities.The $1,000 idea is intended to help the people living paycheck-to-paycheck. And there are plenty of them. Plenty of people are out of work right now and still need to pay their mortgage and utility bills. Restaurant workers, casino workers, tourism industries, taxi/Uber drivers, etc.
A 2% capital gains cut isn't going to help the people who really need it right now. Investors are going to be fine, eventually. People living paycheck-to-paycheck are going to be in serious trouble if something isn't done quickly. And it's looking like this is going to last a while. The last thing we need is for people with a lack of options acting desperately in a time like this.
When people lose their job, they go on unemployment. Our state wavered the two week waiting period so people receive their first check much sooner than normal.
I guess that all depends on where you live. During the recession, I knew people that stayed on it for two years. They had the option to work, but unemployment paid pretty well.