Connect with us


Up to 40 million face homelessness if Congress doesn’t act

If the CARES Act is allowed to expire, millions will face homelessness in early 2021



From Malcontentment Happy Hour, December 14, 2020

Up to 40 million Americans face homelessness as eviction and foreclosure crisis looms

In response to the looming economic collapse, Congress passed the CARES Act, which included a one-time stimulus check of $1200 for some Americans, the Payroll Protection Program (PPP), and a moratorium on evictions and foreclosures. Despite trillions in aid, gaping holes remained that Main Street and American families have fallen through. Banks did not get guardrails on how to manage forbearances. Congress didn’t waive rent, only deferred it, and didn’t provide any financial support for small landlords. Twelve-million American households find themselves more than $5000 behind on rent, and six-million households face foreclosure.

Congressional leaders and the White House have agreed in principle that another stimulus package is needed, but hyper-partisan politics has destroyed any forward progress. In 20 days, the CARES Act and all of its protections evaporate. If Congress takes no action, the transfer of $2.5 trillion in wealth to large scale investors, private equity, and large corporations will begin.

Please Support Malcontent News

What started as a blog about the weather written by one person has evolved into a respected news source backed by a team of more than 20 individuals in the United States and Canada.

Our audience has grown 10X in 2020, and we are very appreciative. A free press is a Constitutional right, but it doesn’t come free. We are asking you to support Malcontent News so we can continue to fulfill our core missions of showing an unfiltered view of the before, during, and after, defend the First Amendment, and amplify BIPOC and LGBTQIA+ voices. We want to be able to continue to provide an advertisement free experience.

Patreon Logo

For as little as $5 a month, you can support Malcontent News. Becoming a Patreon will help cover technology, data, bandwidth, and travel costs. Starting December 1, 2020, we will be listing all Patreons in our credits who donate at the $10 a month or higher level. Subscribe NOW!

Venmo Logo

A one-time Venmo donation can help with safety gear, equipment, or a small thank you to show your appreciation for what Malcontent News provides. No amount is too small, even $5 goes a long way. Venmo NOW!

Main Categories

Like, Share, Follow, Support

Hot News

Your Comments

Previous News