Posted on Apr 7, 2020
Charting the Path Back to Semi-Normalcy | National Review
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The sooner we can figure out how to get people back to work, the better.
Charting the Path Back to Semi-Normalcy | National Review
Posted from nationalreview.com
Economics
Business
Posted >1 y ago
Responses: 9
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PO3 Phyllis Maynard SMSgt Lawrence McCarter LT Brad McInnis PO3 Bob McCord CW3 Dick McManus SGT John " Mac " McConnell CWO3 Dennis M. MSgt Stephen Council LTC Stephen Conway LTC Stephan PorterLTC Stephen C. LTC Greg Henning SGT Gregory Lawritson Maj William W. 'Bill' Price Maj Bill Smith, Ph.D. SGT Jim Arnold Maj Robert Thornton SFC Francisco Rosario LTC (Join to see) Col Carl Whicker
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I couldn't agree more LtCol. Charlie Brown, I'm beginning to think the dumporats are enjoying this a little to much.
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SPC Erich Guenther
Unlimited spending rammed through with only a cursory review or oversight is Democrats Shangri-La. Though I willl say this, National Emergencies like this one is the whole reason we borrow and there shouldn't be any limits on it. As a country our Net Worth approaches $100 trillion, we have less than 25% debt to net worth ratio. Understood it should be measured as a % of GDP but overall perspective is we can borrow more than we have without a crisis of confidence and other countries past show that as well. Investors get concerned around 150% to GDP ratio and we are just over 100%.
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This is not an economic crisis. The jobs are still there. We simply can't get to them. Accurate testing will point to the way back. People who test positive for having contracted and survived the virus will be among the first to return (and it is likely that they are already legion in number). An effective vaccine will produce the second wave of returnees.
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