Fiscal Stimulus, Fed Actions And UI
Just read that governmental actions actions just passed by Congress and The Fed might be 30% of the GDP for 2020. I guess we are all socialists.
I spent my career working in DOL programs related to job training, welfare, and unemployment insurance. The way back machine of taking claims, applications, by hand along with in person interviews then processing the applications was difficult back then. Working with folks that lost jobs, their houses and their belongings after Hurricane Andrew was also challenging.
It was wrenching when folks lost their jobs at Eastern or Pan Am Airlines. A lot of these folks worked their whole lives for those companies, had great jobs, good pay, nice houses, health insurance and they could fly for next to nothing. I wonder about the future of the cruise ship industry as COVID 19 statistics have been reported in at least two cases by the name of the cruise ship when compiling cases for the CDC.
Now almost all applications for these programs are done on line. The front end of the process will probably work pretty well for most folks with regular 9-5 jobs with good employers and employees who work enough hours and file their tax returns and have access to computers
Eventually much of the money promised will get distributed but it will take longer to distribute than advertised, be less than promised and the impact of the governmental actions will be hailed as great successes and slammed as just another "hot mess of waste, fraud, and abuse".
Social Security Numbers, immigration status, electronic tax filer or paper filer, banking status, current addresses and the absentee rate because at the various IRS Offices will impact how well these programs can be executed.
And as the process unfolds there will be additional legislation because there is another election coming up in November.
I spent my career working in DOL programs related to job training, welfare, and unemployment insurance. The way back machine of taking claims, applications, by hand along with in person interviews then processing the applications was difficult back then. Working with folks that lost jobs, their houses and their belongings after Hurricane Andrew was also challenging.
It was wrenching when folks lost their jobs at Eastern or Pan Am Airlines. A lot of these folks worked their whole lives for those companies, had great jobs, good pay, nice houses, health insurance and they could fly for next to nothing. I wonder about the future of the cruise ship industry as COVID 19 statistics have been reported in at least two cases by the name of the cruise ship when compiling cases for the CDC.
Now almost all applications for these programs are done on line. The front end of the process will probably work pretty well for most folks with regular 9-5 jobs with good employers and employees who work enough hours and file their tax returns and have access to computers
Eventually much of the money promised will get distributed but it will take longer to distribute than advertised, be less than promised and the impact of the governmental actions will be hailed as great successes and slammed as just another "hot mess of waste, fraud, and abuse".
Social Security Numbers, immigration status, electronic tax filer or paper filer, banking status, current addresses and the absentee rate because at the various IRS Offices will impact how well these programs can be executed.
And as the process unfolds there will be additional legislation because there is another election coming up in November.
The consequences for delaying the fixes will be severe. The unreliable system is failing under an unprecedented crush of unemployment claims because of the novel coronavirus pandemic, and many Floridians are unable to apply because the site keeps crashing.
ReplyDeleteRead more here: https://www.miamiherald.com/news/politics-government/state-politics/article241651276.html#storylink=cpy
In a sign that things won’t get better quickly, Executive Director Ken Lawson took to an Internet teleconference on Thursday to say he’s looking at allowing people to file claims the old fashioned way — on paper.
ReplyDeleteRead more here: https://www.miamiherald.com/news/coronavirus/article241727136.html#storylink=cpy