Paul Krugman

@paulkrugman ↗

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Last Checked Sept. 2, 2021

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Fri May 29 18:27:44 +0000 2020

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Paul Krugman @paulkrugman

Also, in April state and local budget woes just beginning to bite: government wages and salaries down only 3%. But that will get much worse soon unless there's large-scale federal aid 4/ — PolitiTweet.org

Posted May 29, 2020 Hibernated

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Paul Krugman @paulkrugman

And those benefits have expanded substantially, as states work off the backlog of cases: $49 billion in April, $86 billion in May through the 27th. So UI has been a major cushion. However, expanded benefits expire July 31 3/ — PolitiTweet.org

Posted May 29, 2020 Hibernated

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Paul Krugman @paulkrugman

Meanwhile, proprietors' income — which is where small business falls — took a huge hit, declining 19.5% Fed-April. The paycheck protection program, despite terrible implementation, surely helped. But PPP's grace period for turning loans into grants only 8 weeks 5/ — PolitiTweet.org

Posted May 29, 2020 Hibernated