Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Back of envelope calculation suggests that $50k median household income, about $1000 per week and with two people per household both getting $600 per week, the system was in the ballpark at least.

With the proposed $200 per week, the "no evictions allowed" rules are going to put severe stress on rental property owners. Note that it is much easier, politically, to bail them out than the broke renters.

by asdf on Tue Jul 28th, 2020 at 03:27:48 AM EST
[ Parent ]
PUC bonus "relief" ($600/wk) is not means-tested; it's added to each claimant's unemployment insurance (UI) maximum benefit amt (% reported gross wage or salary) for duration "benefit year" in each state. Under-reported stat is which states did or did not enter into fed loan agreements to UI emergency programs.

NB. One provision of (R) R2 bill, eg. Grassley's, extends states' R1 forbearance and repayment periods. I've no idea how the 1,800 pp (D) bill modifies R1 loan terms or defines R2 terms of add'l "state aid"; PR simply promotes gross amount demanded.

Every UI claimant received $2,400/mo (Mar-July) regardless of HH size or state. PUC x1 alone exceeds 2020 purported average rent, $1,468, indicating E-W coast upper-bounds.

delta PUC ($2,400 - $800/person) isn't the eviction, foreclosure limiting factor; it's debtors' max UI benefit/mo. I speculate, "savvy" rental-property owners d/b/a LLCs and Cs have hedged tenant defaults with CARES Act SBA loan proceeds from retail lenders; MSM criticism of this program's admin and oversight has flewn over petty "sweetheart deals" to savage TBTFs. For them processing evictions is an accounting decision mitigating taxable income.

OTOH, tenant community militants stirred early reports of human barricades at district court entrances, organized to prevent resumption of proceedings and service. It's so GD I, so sad and futile, I think, unless judiciary devises some pretext to suspend dockets (as initially occurred) while legislators pull themselves together.

by Cat on Sat Aug 1st, 2020 at 01:23:19 AM EST
[ Parent ]
The situation here is still pretty psychotic
How the press corpse contrasts R2 appropriation bills.

reference acronym-resistant HEROES nemesis
American Workers, Families, and Employers Assistance Act, press release
S.4318 - American Workers, Families, and Employers Assistance Act, bill

by Cat on Sat Aug 1st, 2020 at 07:25:07 PM EST
[ Parent ]
an accounting decision

Diversity is the key to economic and political evolution.
by Cat on Sat Aug 8th, 2020 at 12:50:47 PM EST
[ Parent ]


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