Policy Prescriptions for COVID

Update 431— Policy Prescriptions for COVID:
After Pain Relief, a Plan to Help Get to Recovery

Twenty-two million Americans have filed for unemployment compensation in the last month — the misery index that is 5 million higher than last week. Meanwhile, the House and Senate do not reconvene until May 4, in a virtual but voteless session until then. The president daily extolls his success and famous CEOs who say only “testing, testing…”

What should Congress do when it gets back? Can workers’ salaries be replaced, making painful layoffs unnecessary? Can business owners retain access to crucial credit and avoid default and bankruptcy? How can the economic recovery be hastened responsibly? 

We look today at some of the best ideas under discussion for a Corona IV package addressing these questions. 

Best,

Dana

———-

There is no shortage of ideas to mitigate the economic effects of the COVID-19 pandemic. Democrats are advancing an agenda based on the needs of the middle class and those most adversely affected. The $2.2 trillion CARES Act was the largest spending bill in history, but more must be done, quickly.

A comprehensive plan is needed. Yesterday, the Trump administration released “Guidelines for Opening Up America Again,” sparse on details, dates, states, and specifics. Below, we outline ideas to address the crisis in a more comprehensive manner that seeks to avoid endless whack-a-mole responses in favor of systemic, forward-looking approaches. 

  • Continuity 

Nearly all of the job gains since the Great Recession are gone. This week, Treasury announced that the Paycheck Protection Program (PPP) is out of money. Without immediate, direct paycheck support, the cycle of unemployment, lost incomes, reduced demand, and business insolvency will accelerate. Rep. Pramila Jayapal proposed a Paycheck Guarantee Program, which would allow employers to maintain 100 percent of payroll and benefits, regardless of hours worked, over the next three months.

Business owners need continued access to credit to cover operational expenses and avoid defaulting on outstanding debt obligations. Congress ensured that commercial airlines and “businesses critical to national security” received emergency funding to stay solvent but has done less to help the small businesses that employ nearly 50 percent of the private workforce. 

  • Hazard pay

Many workers who are considered essential are also some of the lowest-paid members of the workforce. Per the Bureau of Labor Statistics, the average cashier makes barely more than $23,000 a year, while personal care workers and in-home health aides earn a meager $25,000 per year. Yet we classify them as essential and ask them to risk their health and the health of their families, and show up to work. At the very least, these frontline workers deserve hazard pay.

This week, Sen. Warren and Rep. Khanna proposed an ‘Essential Workers Bill of Rights,’ which includes “robust premium compensation” for essential, frontline employees.

  • Mark-to-Market Accounting 

A tool previously used to help markets weather storms is suspending mark-to-market accounting (MTM) practices. Current MTM rules revalue assets quarterly according to the prices they command on the open market, regardless of what was actually paid for them. When severe economic downturns occur, investors panic, and asset prices could fall far below their true value, with consequences from destroying nest eggs to depleting state coffers. 

In times of crises, a switch from MTM to historical cost accounting, in which assets are valued based on their original cost, would stabilize prices. The switch could be triggered automatically. As a means of freezing the status quo ante on a (not-so arbitrary) date — say a day before the stock market crashed in February — with regard to valuations, suspending MTM is a rapid prophylactic. 

  • Aid to States and Localities 

The $2.2 trillion CARES Act appropriated $200 billion in relief to state and local governments, on top of the $1 billion in phase one and $40 billion in phase two. Phase four must go further. 

States and localities must maintain strict fiscal responsibility or risk credit downgrading and bankruptcy. Forty state constitutions mandate balanced budgets. But currently, states are forced to enact emergency supplemental appropriations to bolster public health facilities and social services like unemployment insurance and Medicaid. At the same time, sales and income tax revenues are way down, and many states are even pushing back tax-filing and revenue collection. 

Without more federal assistance, states and localities will need to either raise taxes or cut services, thus prolonging the economic recession. Congress must increase the federal share of Medicaid spending beyond CARES Act levels. Federal grants can support social services and infrastructure maintenance temporarily, as they did during the last recession. The federal government should also untether its relief from covering only virus-related costs, as this constraint warps budgeting planning. 

The Center for Budget and Policy Priorities continues to ring the alarm on this issue, and their reports are among the most up-to-date and far reaching. 

  • Affirmative Covenants

The Trump Administration cannot be trusted to implement relief and eventual stimulus without oversight. There must be affirmative covenants — positive requirements that administrators adhere to certain terms of use. Democrats were unable to enact meaningful restraints on the affirmative strategic sector goals and benchmarks of success for the CARES Act’s $454 billion in corporate relief measures. 

Americans for Financial Reform is making a clear case for the need for increased oversight and transparency. 

  • Liberty Bonds

The federal government could finance its relief efforts through long-term and low-yield bond issuance. We did so during World Wars I and II when the government financed military build-up and industrialization. The Federal Reserve could continue its activism and buy a large chunk of liberty bonds to provide immediate liquidity, and investors all over the world (hungry for safer, high-quality debt) would follow. The fiscal effects even from a $1 trillion issuance may be close to negligible with interest rates likely to remain at historic lows for the foreseeable future. 

Robert Wolf, founder of the global-consultancy firm 32 Advisors, is proposing such a measure

Getting Back to Work: Immunity Registry

In the short term, we need to open the economy where we can. Shuttered businesses and mass layoffs are causing misery. Republicans like President Trump and U.S. Sen. John Kennedy are openly calling this a tradeoff between health and economics, and have publicly said they will tolerate more COVID deaths if we can restart the economy sooner. Economists widely dispute this. Increased infections would not only endanger public health and overwhelm hospitals but would also lengthen and worsen the economic recession. 

Because we will never be absolutely certain that it is safe for everyone to return to work, an immunity registry would allow workers a reasonable level of safety and would be a tool for monitoring potential outbreaks. Such a system would establish who has developed antibodies and can return to the workforce. It would abide by medical privacy laws and could be piloted among healthcare workers — those we desperately need to get back to work and mitigate the public health crisis. 

158 thoughts on “Policy Prescriptions for COVID”

  1. Instagram takipçi hizmetlerinden yararlanabilmek amacıyla ilk olarak istenilen hizmetin tercihinin yapılması gerekmektedir.

    Sonra ise shopier ekranında sadece kullanıcı adınız ve 3d
    ödeme yöntemi ile ödeme yapmanız gerekmektedir.
    Burada doğru bulguların girildiğinden emin olunması, hizmet yönünden problem yaşamamak
    amacıyla önemlidir.
    Her yaştaki isteyen herkes Takipçi satın al işlemi takip2018
    den yapabilirler.

    .

  2. instagram takipçi satın al İşlemlerinde Ünlü Bir
    Site olan takip2018 den takipçi almak çok kolay

    günün her zamanında destek sağlanacağı da biliniyor.
    Bu sayede kısa vakitte daha geniş kitlelere ulaşım sağlayarak dolaylı olarak da,
    etkileşimlerinizi ve takipçi sayılarınızı
    artırma olanağı elde edebilirsiniz.
    Tercih edilecek olan miktarlar ve tercih edilecek olan seçeneklere göre ayrı fiyatlandırmaların da var bulunduğu
    bilinmelidir.

    .

  3. Instagram ucuz takipçi almak işe yarar mı?

    Her alanda olduğu gibi Instagram takipçi alma seçenekleri arasında
    ucuz takipçiler satılmaktadır,
    Maalesef ki ucuz takipçi size
    Takip2018de olabilmesi sizin profilinizi kirletmeyecek kadar olan paketler bulundurur.

    Kesinlikle sadece satış yapmak için ucuz takipçi satmamaktadır.

    Bot takipçiler yada hemen düşecek takipçi bulundurmazlar.

    Sizin paranızı çöp etmezler

  4. Instagram da takipçi satın almak kadar Beğeni satın al için de biraz araştırma yapmalısınız.

    Çünki 10binlerce takipçisi olan kişilerin beğenileri de fazla
    olmalıdır, Beğenilerinizi gören herkes size hayranlık duyacaklardır bu sebepten beğeni paketlerini inceleyebilir
    Kendinize uygun instagram beğeni paketini seçerek
    satın alın

  5. Türk takipçi Satın Al işlemi ne kadar önemlidir?

    Instagram takipçi satın almak önemlidir tabiki de bu durumda aktif olmaları ayrıca
    TÜRK takipçi olmasını isteriz.
    Yılların verdiği tecrübeye dayanarak size en iyi önerebileceğimiz site
    türk takipçi satın al konusunda uzman kadrosu
    ile takip 2018′ dir
    Türk takipçi paketlerini incelemek için siteyi ziyaret etmekten çekinmeyiniz.

  6. Pingback: real cialis pills

  7. Pingback: cialis reviews reddit australia

  8. Pingback: generic viagra us pharmacy

  9. Pingback: cheapest sildenafil 100mg uk

  10. Pingback: women viagra price

  11. Pingback: sildenafil 5343

  12. Thank you for the auspicious writeup. It in fact was once a amusement account
    it. Look advanced to far brought agreeable from you! However, how could we keep up a correspondence?
    0mniartist asmr

  13. Hello terrific website! Does running a blog like this require a large amount of
    work? I have no knowledge of computer programming but I had been hoping to start my
    own blog soon. Anyhow, if you have any suggestions or tips for new blog owners please share.
    I understand this is off subject but I just needed to ask. Appreciate it!
    0mniartist asmr

  14. Pingback: amoxicillin uses

  15. Pingback: amoxicillin walmart

  16. Pingback: azithromycin medication

  17. Pingback: is motrin or celebrex stronger

  18. Pingback: celebrex vs diclofenac

  19. Pingback: cephalexin vs amoxicillin

  20. Pingback: keflex 500mg antibiotics

  21. Hi, I do think this is a great website. I stumbledupon it 😉 I
    am going to revisit yet again since i have saved as a favorite it.
    Money and freedom is the greatest way to change, may you be rich and continue to guide other people.

  22. Güvenilir Takipçi Satın Alınabilir Site
    en iyi siteden takipçi al seçenekleri bireylerin beklentilerine göre çok çok detaylı olabilmektedir.

    Herkesin Instagrama hesabında değişik bir gaye ve beklentiyle takipçi miktarını çoğaltmak istemesi söz konusudur.

    Bunların hepsine hitap edebilecek hizmetlerin sunulması
    ile birlikte en iyi instagram Takipçi Satın Al sitesinden takipçi almaktır.

    Site üzerinden 1.000, 2.000 bu rakamların fazlası yada azı dilediğiniz kadar
    en iyi siteden takipçi alabilirsiniz

  23. Pingback: duloxetine 40 mg

  24. I am really impressed with your writing skills as well as with the layout on your weblog.
    Is this a paid theme or did you customize it yourself? Either
    way keep up the excellent quality writing, it is
    rare to see a nice blog like this one today.

  25. En iyi Leke Kremi
    En iyi leke kremini merak ettiğimiz bugünler de
    yaz gelmeden herkes gibi güzelliğimizi ön planda tutma çabalarımızda
    beraberinde gelmiştir. Türkiye’nin önde giden web sitelerinden olan Hc care ile lekelere cilt lekelerinize karşı önlemler
    alabilir ve cilt lekelerinize son verebilirsiniz, En iyi leke kremi Almak
    artık çok kolay !

  26. Pingback: cymbalta hair loss

  27. Pingback: cialis online drugstore

  28. Pingback: vardenafil vs sildenafil citrate

  29. Pingback: cost for viagra 100mg

  30. Pingback: sildenafil 100mg online price

  31. Pingback: female viagra otc

  32. Pingback: tadalafil online paypal

  33. Pingback: how to buy cialis in dallas otc

  34. Pingback: order sildenafil 50 mg

  35. Pingback: best price for sildenafil 100 mg

  36. Pingback: tadalafil order online instructions

  37. Pingback: cialis for sale online australia

  38. Pingback: can i buy cialis in mexico

  39. Pingback: canadian viagra

  40. Pingback: comprar viagra 200

  41. Pingback: female pink viagra 100mg pills for sale

  42. Pingback: sildenafil usa

  43. Pingback: sildenafilo teva 100 mg comprar

  44. Pingback: buy cialis over the counter uk

  45. Pingback: cheap female viagra online

  46. Pingback: sildenafil otc usa

  47. Pingback: buy generic viagra in us

  48. Pingback: cheap generic viagra online uk

  49. Pingback: cheap cialis online from india

  50. We wish to thank you again for the wonderful ideas you offered Jesse when preparing a post-graduate research as well as, most importantly, for providing many of the ideas within a blog post. If we had been aware of your website a year ago, we will have been saved the pointless measures we were choosing. Thanks to you.

  51. Pingback: buy daily cialis online

  52. Pingback: generic cialis 2018 prices

  53. Pingback: cialis black generico

  54. Pingback: sildenafil prices canada

  55. Pingback: otc cialis us

  56. hey there and thank you for your information ? I have certainly picked up something new from right here. I did however expertise several technical issues using this site, as I experienced to reload the site a lot of times previous to I could get it to load correctly. I had been wondering if your hosting is OK? Not that I’m complaining, but sluggish loading instances times will very frequently affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Well I?m adding this RSS to my email and can look out for a lot more of your respective interesting content. Make sure you update this again very soon..

  57. Does your site have a contact page? I’m having problems locating it but, I’d like to shoot you an email. I’ve got some ideas for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it develop over time.

  58. You’ve made some decent points there. I looked on the web to learn more about the issue and found most individuals will go along
    with your views on this web site.

  59. Link exchange is nothing else however it is only placing the
    other person’s web site link on your page at appropriate place and other person will also do similar for you.

  60. You could certainly see your expertise within the work you write.
    The sector hopes for even more passionate writers like you who
    aren’t afraid to mention how they believe. Always follow your heart.

  61. I like the valuable information you supply in your articles.
    I will bookmark your weblog and test again right here frequently.
    I am fairly certain I will be informed plenty of new stuff proper here!
    Good luck for the following!

  62. Instagram’da popüler olmak için insanlar instagram takipçi sayılarını arttırmaya başlıyor. Hem canlı yayınlar sayesinde para kazanmak hem de instagram tarafından gelir elde etmek isteyenler kısa sürede para kazanma ayalarını açmak için 1.000 takipçi sayısına ulaşmayı hedefliyor. Hesaplarınızı kısa sürede 1k takipçi sayısına ulaştıracak takipcibonus.com her zaman hızlı ve etkili bir takipçi gönderimi uygular. Sipariş verebilir ve en ucuz fiyattan instagram takipçi satın alabilirsiniz.

  63. Does your website have a contact page? I’m having problems locating it but, I’d like to shoot you an e-mail. I’ve got some recommendations for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it grow over time.

  64. Howdy! I know this is kind of off topic but I was wondering if you
    knew where I could get a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m having trouble finding one?
    Thanks a lot!

  65. Hello very nice site!! Guy .. Excellent .. Wonderful ..
    I’ll bookmark your website and take the feeds also?
    I am glad to seek out numerous useful information here in the submit, we need develop extra techniques on this
    regard, thank you for sharing. . . . . .

  66. Unquestionably believe that which you said. Your favorite justification appeared
    to be on the web the simplest thing to be aware of. I say
    to you, I certainly get annoyed while people consider worries that
    they just do not know about. You managed to hit
    the nail upon the top and defined out the whole thing
    without having side-effects , people can take a signal. Will
    likely be back to get more. Thanks

  67. Instagram takipçi satın alarak profilini büyütebilir, sonrasında hiç birşey yapmadan kişilerin seni beğenmesine hazırmısın?
    O halde hemen instagram takipçi satın al sitemizi ziyaret
    et, paketini 1000, 2000, 10.000 gibi seçeneklerden birini seç ister Türk takipçi istersen yabancı

    instagram takipçi satın al için hemen sitemizi
    ziyaret et

  68. Hey there! I could have sworn I’ve been to this blog before but after reading
    through some of the post I realized it’s new to
    me. Anyhow, I’m definitely happy I found it and I’ll be book-marking and checking
    back frequently!

  69. Thanks , I have recently been looking for info about this
    subject for a long time and yours is the best I have found out till now.
    But, what about the conclusion? Are you sure in regards to the supply?

  70. Cilt lekeleri, çeşitli faktörlere bağlı olarak ortaya çıkabilir.
    genelde akne sonrası yahut korunmasız güneşlenme sonrası, leke görülebilir.
    Leke oluşumu çabuk olsa da basit basit geçmez ve ciltte kötü bir görüntü oluşturabilir.
    En iyi Leke kremi kullanılarak, lekelere veda edilebilir.
    leke kremleri günde iki defa, gündüzleri güneş koruyucu
    ile birlikte kullanılmalıdır.

    En İyi Leke Kremi

    En iyi Leke kremi çeşitleri, lekenin yapısına ve türüne nazaran değişkenlik gösterir.
    Farklı içeriğidir. Akne lekeleri için nicamide içerikli ürünler tercih edilir.
    hem de cildi soyucu tesiri olan, hafifçe asit içerikli
    kremler de sivilce lekelerine iyi gelir..

    Hc markasının gözde ürünlerinden tedavisinde oldukça etkili bir tedavi yöntemidir.

    Hekimin seçeceği bir peeeling solüsyonu tüm yüze
    uygulanır. Bu yöntemle leke tedavi olurken aynı zamanda cilt yenilenmiş
    ve tazelenmiş olur. Yani kimyasal peeling yöntemi ile
    leke tedavi edilirken cilt gençleştirme işlemi de yapılmış olur.

    Uygulandığı bölgede yeniden yapılanma sürecini başlattığı için pigment hücrelerinin çok bulunduğu lekeli alanlarda da
    yeniden yapılanmayı tetikler ve o bölgede
    kümelenmiş pigment hücrelerini eşitler. Böylece altıniğne lazer ile lekeler tedavi olurken tüm ciltte cilt tonu eşitsizlikleri de düzelir.

    HC Pigment-Control’ün cilt lekelerine karşı hızlı ve güçlü etkisi, Kuzey Kanada Bozkırları’na özgü bir tarla bitkisi
    olan Rumeks’ten (Tyrostat™), tabiatın yeniden canlandırma mucizesi olan Yeniden Diriliş Bitkisi’ne kadar birçok doğal ve
    saf aktif bileşene dayalıdır. Tüm bu aktif bileşenlerin, lekeler ve cilt yaşlanması üzerindeki etkileri in-vivo testler ve klinik laboratuvar
    çalışmalarıyla kanıtlanmıştır. Tüm cilt tiplerinde, leke problemlerini giderme
    ve önlemede, cilt tonu eşitsizliğinde, cilt aydınlatmasında, nem ihtiyacı olan ciltlerde güvenle kullanılabilir.

    Leke Kremi

  71. Good post. I learn something totally new and
    challenging on sites I stumbleupon every day. It will always be useful to read through content from
    other authors and use a little something from their sites.

  72. The other day, while I was at work, my sister stole my
    iPad and tested to see if it can survive
    a thirty foot drop, just so she can be a youtube sensation. My apple ipad is
    now broken and she has 83 views. I know this is totally off topic but I had to share it with someone!

  73. We stumbled over here different page and thought I might check things out.
    I like what I see so i am just following you. Look forward to looking into your
    web page repeatedly.

  74. İnstagram takipçi satın alarak popülerliğinizi arttırabilirsiniz, takipçi almak için güvenirlik
    çok önemlidir.
    Takipçi sitelerinin hepsine güvenmeyiniz. TAkipçi satın al vasıtası ile
    güvenilir bir siteden alış veriş yapmak size sonsuz bir
    güvenilirlik sağlayacaktır. Sizde hemen takipçi almak için siteye gidin

  75. Ucuz Takipçi Alarak Fenomen Olabilirsin

    Instagram da artık basit bir halde fenomen olabilirsiniz.

    Takipçilerinizi hızlı ve etken bir şekilde arttırmak istiyor musunuz?

    hemen bu siteye giriş yaparak tüm takipçi hizmetlerinden hızlı bir
    şekilde faydalanabilirsiniz. Sizlere en kaliteli takipçi sistemlerini sunarak, kısa vakit arasında istediğiniz kadar takipçi
    gönderimi yapıyor. Sitede yer alan Ucuz Takipçi hizmetinden faydalanarak
    arzu ettiğiniz kadar takipçiye ulaşabilirsiniz.
    Bu site sizden aslabir şekilde hesap şifresi istemiyor.

    sadece kullanıcı isminiz ehil oluyor. uzun zamandır bu
    mevzuda hizmet veren bir site olarak, sizlere en kaliteli ve güvenilir takipçi hizmetlerini
    sunuyor. Siteye tek tıkla giriş yaparak arzu ettiğiniz
    kadar takipçiyi hesabınıza gönderebilirsiniz.
    Tamamen rahat yöntemlerle dilediğiniz kadar takipçiye ulaşabiliyorsunuz.

  76. I think this is among the most vital information for me.
    And i am glad reading your article. But should remark on some general things, The site style is wonderful, the articles is really great :
    D. Good job, cheers

Leave a Comment

Your email address will not be published. Required fields are marked *