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Green Bay Packers Fan Forum
Keep the rest of our powder dry?
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<blockquote data-quote="HardRightEdge" data-source="post: 868791"><p>I don't think you understand the situation. The US is the poorest equiped structurally and in leadership among industrialized countries to handle this problem. The Senate is about to pass a $2 trillion "relief" package, double what was spent on the financial crisis bailout. Of course, those bailouts were fully paid back, with interest. While we await the details on this package, you can expect most of that money will not be paid back.</p><p></p><p>At this stage, you might as well call the US ground zero.</p><p></p><p>It will be of interest to see how much of this "relief" is supply-side vs. how much will go directly into the hands of those who need it and will spend it. 40% of US households don't have $400 in the bank. Those households are heavily weighted to the kinds of service jobs experiencing heavy layoffs. I would hope, but don't expect, a federal supplement to state unemployment insurance.</p><p></p><p>Targetted business loans are in order. We don't need a mass of bunkruptices triggering a debt crisis on top of everything else.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 868791"] I don't think you understand the situation. The US is the poorest equiped structurally and in leadership among industrialized countries to handle this problem. The Senate is about to pass a $2 trillion "relief" package, double what was spent on the financial crisis bailout. Of course, those bailouts were fully paid back, with interest. While we await the details on this package, you can expect most of that money will not be paid back. At this stage, you might as well call the US ground zero. It will be of interest to see how much of this "relief" is supply-side vs. how much will go directly into the hands of those who need it and will spend it. 40% of US households don't have $400 in the bank. Those households are heavily weighted to the kinds of service jobs experiencing heavy layoffs. I would hope, but don't expect, a federal supplement to state unemployment insurance. Targetted business loans are in order. We don't need a mass of bunkruptices triggering a debt crisis on top of everything else. [/QUOTE]
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Keep the rest of our powder dry?
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