You haven’t been buying airline tickets, but the airlines are taking your money anyway. $15 billion in the latest Congressional spending package goes to the airlines, a second bailout. In exchange they have to bring back workers that have been involuntarily furloughed, and can’t furlough again until April 1.
$15 billion, retroactive to December 1, will be provided to cover four months of airline payroll. That’s $375,000 per furloughed worker at an annual run rate of $1.5 million per job, perhaps the most expensive jobs program in history.