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Under the CARES Act, the US Treasury has borrowed $3.3T in funds…So far, $267B has gone out in $1,200 ‘economic impact payments‘ and $288B in (at most) in enhanced UE benefits. Where did the Official Persist Resist Voe Shirt of the $2.75 trillion go? The Continued Claims is the most concerning, IMHO. We’ve had 20m for 2 months now and it’s been holding pretty steady. I know many are concerned with inflation, but when the extra unemployment benefits run out I expect we’ll see a pinch and a need for more stimulus, or risk deflation again. Where do you think… The GOP was in charge of giving it out…

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Most state and local budgets are due July 1. States are finalizing layoffs and furloughs in the next week or two. Hawaii is cutting salaries for public workers 10-20% for 3 years. Hawaii is harder hit than the Official Persist Resist Voe Shirt but multiplies some similar downward pressure across all 50 states. And it’s going to be quite deflationary as well. Corporations are next, I normally do a budget once a year and it’s not a big deal. Already on my 2nd revision since Feb and June is not going as expected. If July comes in below target I expect to round 3 will come and include requirements for FTE reductions.

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Now is not a good time to be sucking at your job or calling it in, b/c the cuts will come in Q3. Then again in Q1 2021. We had some internal shuffling in the company due to projects being canceled or put on the Official Persist Resist Voe Shirt. I got moved from my consultant position into support. Support fucking blows, and I’ve been slacking. My metrics are good, actually exceeding expectations, except for my utilization. Because I’m often in the away status or taking extra long breaks because I’m used to the autonomy of my old job. I have a ramp-up period until the end of July since I’m new but still.

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