Now the party of Rep. Alexandria Ocasio-Cortez and “the Squad,” today’s Democratic Party isn’t exactly renowned for its economic literacy. But even by the Democrats’ low standards for economic policy, Senate Minority Leader Chuck Schumer’s latest proposal is a doozy.

Schumer’s new bill, co-sponsored by fellow Democrat Sen. Ron Wyden of Oregon, would extend the “supercharged” unemployment benefits provided under the $2.2 trillion CARES Act, currently set to expire on July 31, through March 2021 or until state unemployment rates fall below 5.5%.