"America has lost more than 12 million jobs in the last six months. An estimated 12 million people have lost their employer-sponsored health insurance during the worst pandemic in a century. Tens of millions report not having enough to eat. But one month ago, tens of millions of unemployed Americans lost... a $600 weekly federal unemployment insurance benefit that Congress failed to renew... If the facts of this political disaster were more widely known and understood, Republicans could lose not only the presidency but also the Senate in November. After all, millions of unemployed Republicans lost most of their income as a result of what their political party...did... Senate Majority Leader Mitch McConnell acknowledged on July 29 that about 20 Republicans senators didn't want any new legislation at all.., McConnell himself had come under fire for rejecting calls for assistance to state and local governments, suggesting instead that states should consider going bankrupt... States are losing hundreds of billions of dollars of revenue from taxes during this deep recession. Unlike the federal government, they have laws that prohibit them from running budget deficits and borrowing during a recession. By contrast, the federal government can currently borrow at zero interest rates — actually negative interest rates if we take inflation into account... Who would want to be forcing layoffs — potentially totaling millions at the state and local level — during a depression and pandemic? Ask Sen. McConnell and Donald Trump."
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Activists from the United StatesCivil rights activistsMembers of the United States SenateRepublican Party (United States) politiciansLawyers from Kentucky
Original Language: English
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Sources
Mark Weisbrot, What is our government doing to labor?, Times Free Press, (6 September 2020)
https://en.wikiquote.org/wiki/Mitch_McConnell
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Mitch McConnell
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