Politics

Pelosi Suggests Financial Suicide In The Form Of A Minimum ‘Guaranteed Income’ Should Be Looked At More Closely

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Speaker of the House Nancy Pelosi (D-CA) told MSNBC on Monday morning that the Paycheck Protection Program, which extends loans to small businesses to cover certain costs and to keep employees on payroll, was not sufficient and that lawmakers should begin weighing the option of a minimum guaranteed income, although she declined to explicitly endorse the policy position herself. 

“Others have suggested a minimum income for — a guaranteed income for people. Is that worthy of attention now? Perhaps so,” Pelosi told MSNBC host Stephanie Ruhle on Monday morning after talking about the Paycheck Protection Program.

“Because there are many more people than just in small business, and hired by small business — as important as that is for the vitality of the economy — and other people who are not in the public sector, meeting our needs in so many ways, that may need some assistance as well.”

The idea of a minimum guaranteed income recently gained popularity in the political sphere, in part, through heavy promotion from former Democratic presidential candidate Andrew Yang, who referred to his plan to give American adults $1,000 a month as “The Freedom Dividend.” 

H/T: The Daily Wire

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