Illinois lawmakers seek to extend waiver for unemployment loan interest – WICS (Springfield)

U.S. Senate Majority Whip Dick Durbin and U.S. Senator Tammy Duckworth joined Representatives Danny K. Davis and Brad Schneider to introduce the "Continued Waiver of Interest on State Unemployment Loans during the Pandemic Act." Durbin said, "Illinoisans endured incredible hardships during the pandemic. To ease the financial burden on Illinois and other states, we must extend the waiver of interest payments on federal unemployment loans. By extending the waiver, we can give our communities time to recover from the economic pain of the pandemic."
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Ex Illini
2 years ago

When Dick and Tammy speak, nobody listens. Mismanaged State of Illinois needs another break, so our two worthless wonders try to make it sound like this impacts many states. If it did, this would already be a done deal. We rate these senators “mostly worthless”.

Pat S.
2 years ago

I want to try that with my mortgage.

Dear Lender,
Please don’t charge me interest on this loan that I agreed to pay. I know I signed the paperwork and knew the terms, but I’ve handled my finances badly and need a break.
Yours truly,
Your mortgagee

debtsor
2 years ago
Reply to  Pat S.

Normally I’d agree with you, and in many cases I do agree that mismanaged finances is the cause of financial problems, but lately, it does not seem to be that way: The government imposed COVID lockdown policies of the past two years have devastated small business owners including gyms, studios, boutique shops, and especially restaurants and catering. Few people can survive for two years off fumes and not feel the pain. The most recent indoor vaccine mandates causes even more economic destruction – I haven’t been out to eat at a restaurant since December because of them, and I’m so… Read more »

Last edited 2 years ago by debtsor
Pat S.
2 years ago
Reply to  debtsor

Debstor, you misunderstood my post – I was juxtapositioning a homeowner’s plea with the state of IL’s request to stop interest on IL’s loans.

Having scraped by with three kids during the 70s I’m well aware of the hardships and sacrifices young (and old) families face, especially now.

And yes, the profiteers at the top of the pyramid are shameless and should be better regulated. In addition to the Federal Reserve pirates, Ms. Pelosi and Governor Pritzker come to mind.

debtsor
2 years ago
Reply to  Pat S.

Thank you for clarifying

Bill also
2 years ago
Reply to  Pat S.

But I think we can all agree that both our senators suck.

Last edited 2 years ago by Bill also
James
2 years ago
Reply to  Bill also

Sure, some of experts here ought to seek public office.

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