Wednesday, May 13, 2020

The cure WILL BE worst than the disease....Coronavirus: US facing lasting economic damage if government fails to act,

This was my fear with the lockdowns lasting as long as they have.

Businesses will close and never reopen.  Workers will have lost jobs and won't return to the job market.  Deficits will explode and the taxbase will not exist to bring them back into balance.

Of course the defense budget will take a huge hit.

Fear took hold and people demanded that the govt act.  They did.  Now we have to deal with the consequences of the actions taken.

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