CARES Act Archives - Rethinking the Dollar

“Dark Winter” — Millions Of Americans Are Expected To Lose Their Homes

Dec 1, 2020 | Economic Collapse

A dark covid winter is descending on the working-poor of America as millions of adults face eviction or foreclosure in the next few months. Bloomberg, citing a survey that was conducted on Nov. 9 by the U.S. Census Bureau, shows 5.8 million adults face eviction or...

Americans Could Owe an Estimated $7.2 Billion in Unpaid Rent by December

Oct 23, 2020 | Economic Collapse

If every unemployed worker had received the extra $600 in weekly unemployment benefits, only 125,000 households would be behind on their rent as of December, the study found… A new study suggests that Americans will owe billions of dollars in unpaid rent by...

Negative Side-Effects Of Protecting Renters From Eviction

Jul 30, 2020 | Economic Collapse

The Federal CARES ACT passed in March protects renters living in properties with government-backed mortgages from eviction until July 25. While the intent of lawmakers might be to protect what they consider the most vulnerable in our society this sends a grave signal...

Unemployed Americans Are Making More Money Than They Did When Working

Apr 25, 2020 | Economic Collapse

More than 26 million Americans have filed new claims for unemployment benefits in recent weeks, and a lot of them will now be bringing home much more money than they did while they were actually working. Needless to say, this is going to create a perverse incentive...

Mitch McConnell Says Struggling States Should File For Bankruptcy

Apr 22, 2020 | Economic Collapse

Over the past month, the economic shutdown resulting from the coronavirus pandemic – which as we hear every day was “nobody’s fault” just to make sure there are no unpleasant mentions of moral hazard during the biggest bailout in history…...