economic collapse caused by Coronavirus pandemic Archives

California Becomes First State to Borrow from Federal Government to Pay Unemployment Benefits

May 4, 2020 4:48 pm

On Monday, California became the first state to borrow money from the federal government to make unemployment benefits in the coming months. According to the Department of the Treasury and the Wall Street Journal, California borrowed $348 million to make...

Temporary Suspension of Government Union Dues: A California Stimulus Proposal Whose Time Has Come

April 14, 2020 2:15 amApril 13, 2020 6:25 pm

With 45.6% of their yearly budget sitting in reserve, these unions are flush with cash and in better economic shape today than most small businesses in California. The historic $2 Trillion federal stimulus package to combat the economic collapse...