Another stimulus would slow us down

Monday, July 6, 2020
 | 
Chris Woodward (OneNewsNow.com)

cash 100-dollar billThere's talk on Capitol Hill of passing another so-called stimulus package to help people deal with COVID-19, but not everyone thinks legislators should rush down that road.

"Our economy is on the path to recovery and is doing so much sooner than we originally thought might happen," says Rachel Greszler of The Heritage Foundation, pointing to the June jobs report as evidence.

According to the federal government, employment rose by 4.8 million in June, and the unemployment rate fell to 11.1 percent. It was at 13.3 percent in May.

"This shows we are already moving in the right direction, and we don't need to rush to enact more stimulus measures, because we have already seen Americans' willingness to return to work, to return to stores and medical appointments, and just in general society," Greszler continues.

As for the high unemployment rate, she suggests "targeted support," not things that encourage people to remain unemployed.

Greszler

"Not only is that hurting the recovery, but we know that that is not good for individuals in the long run," Greszler offers. "The longer you are out of work, the lower your future potential becomes, and so I think that immediately Congress should be replacing that $600 bonus benefit that's led to people getting more from unemployment than their paychecks."

She recommends replacing that with a targeted support, like a partial federal match such as "the state benefits that are out there."

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