Our San Diego Econometer panel considers another stimulus bill to help with COVID-19 economic woes.

Q: Should the federal government wait a while before another stimulus bill?

Bob Rauch, R.A. Rauch & Associates

YES: Wait on another $3 trillion. It makes sense to extend the covered period of the Paycheck Protection Plan from June 30, 2020 to later, push back the loan maturity period from two years to three years and reduce the 75 percent requirement so that employers can use these funds without bringing back staff to a closed business. Let’s also see which states have been managing their funds to avoid federal funds supporting runaway pension programs.

 

Read full article by Philip Molnar here.