Read the full story here Web Link posted Tuesday, August 11, 2020, 9:39 AM
Town Square
Newsom: State can't afford White House unemployment benefits plan
Original post made on Aug 11, 2020
Read the full story here Web Link posted Tuesday, August 11, 2020, 9:39 AM
Comments (5)
a resident of Sylvan Park
on Aug 11, 2020 at 12:31 pm
Gary is a registered user.
So the contingent short-term funding President Trump offered cannot even be obtained by a "rich" state such as California. It was a trick. Trump wants laborers back at work and children back at school - sickness and disability and death - too bad. Trump also is angling for a low voter turnout so he might steal swing states with his base. Russian President Vladimir Putin might even be impressed. As to the State Legislature possibly enacting a conditional eviction moratorium before September 1st, no city or county should count of any such state action.
a resident of Jackson Park
on Aug 11, 2020 at 2:29 pm
Dan Waylonis is a registered user.
I think this is coming from the same Gavin Newsom who expanded programs and credits for residents and illegal aliens this past fall and spring. The state of CA needs to tighten its belt (like we all have) and start paring back the budget and programs.
a resident of Cuesta Park
on Aug 11, 2020 at 4:49 pm
Frank Richards is a registered user.
Oof, the mask's slipping a bit there, Dan. "Illegal aliens"?
I'm interested to hear how you've tightened your belt, though.
a resident of Old Mountain View
on Aug 11, 2020 at 5:09 pm
Steven Goldstein is a registered user.
Dan, lets take a reality pill.
The unemployment in CA is about 2,000,000 people conservatively. Say the state benefit on the average is $225 a week. Look at the last say 30 weeks of the economic collapse. That comes to $13.5 billion.
At the same time the economic activity has shrunk at least 50% in the state of California, thus any revenues the state receives was reduced by 50%. That has caused the state to expend money with no revenues. Please explain how Newsom could have done anything to account for such a loss of funds?
You know the state just like the federal government budgets based on predicted revenues and current expenses.
So please explain to us what could have been done to avoid this disaster regarding COVID and its damage it has done?
Please do more that complain? Give us some real information to work with?
This is the REALITY pill, not the CRAZY pill.
a resident of Old Mountain View
on Aug 12, 2020 at 12:05 am
Steven Goldstein is a registered user.
Just an update regarding the unemployment insurance cost on California.
The current count of unemployed in California is 5.1 Million people so if they collect $225 a week every week costs $1.14 Billion dollars a week. That is a very low estimate given if you earn more the $11,000 a quarter you get $450 maximum. The current YEARLY budget is $202 Billion. There has been more than 3 Million unemployed since April which that cost 13.25 Billion Dollars.
Since there is no sign of COVID going away, you can expect at least another 20 weeks of this unemployment, which means unemployment insurance is taking 10% of that budget.
So before you go off to say Newsome has done a bad job, you should really understand the lost money we have.
WHEN we can get the fundig restored by the Feds, then you can argue that the state should have the money.
Imagine this my friends say the state decided to allocate $100 per person per week this would come to $500 Million a week. and if this will be needed to the end of the year it will cost on top of the unemployment insurance there are 21 weeks left, thus this will cost $5 Billion dollars on top of the unemployment insurance.
Lets understand the unbelievably "huge" catastrophe that Donald Trump did not understand.
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