40% of US Economy Could Be Wiped Out Over COVID-19, Push National Debt to $27 Trillion
At some point, America will have to open back up. But when she does, how bad are things going to look? Will many mom and pop shops be gone? Will they be able to reopen?
So many questions.
Check this out, via NY Post:
The coronavirus pandemic could wipe out 40% of the U.S. economy, quadruple the federal deficit to $3.7 trillion and push the national debt to nearly $27 trillion, the Congressional Budget Office reports.
Fiscal 2020 debt and deficit figures are on track to be the highest since World War II after Congress passed four massive coronavirus response bills; President Trump signed the measures.
The American people want to work. They want to earn their paychecks to feel as though they are contributing.
So, when far-left candidates propose eliminating jobs – for pretty much any reason – it doesn’t sit well, nor should it. 2020 Democrat presidential hopeful Joe Biden, apparently, doesn’t understand this.
To talk of eliminating hundreds of thousands of jobs because the AOC’s of the nation think they know what’s best is downright pathetic.
From Daily Wire:
Democrat presidential candidate Joe Biden signaled support for eliminating hundreds of thousands of blue collar jobs on Thursday night in order to transition to a “greener economy.”
QUESTION: "Would you be willing to sacrifice…hundreds of thousands of blue collar workers in that transitioning to that greener economy?"
BIDEN: "The answers yes." pic.twitter.com/23Qh1wyEa6
— Francis Brennan (@FrancisBrennan) December 20, 2019
VIDEO:
And here’s more COVID-19 randomness, via Twitter…
Is it relevant that the US has 5X the population of Italy? https://t.co/aTnwRdKeTU
— Senator John Cornyn (@JohnCornyn) April 11, 2020
Stars Practicing Social Distancing https://t.co/T35pqiPp2q
— TMZ (@TMZ) April 12, 2020
Can you really blame them? https://t.co/BNXi5NsSbw
— BroBible (@BroBible) April 12, 2020
An unreal display today by the @AFThunderbirds flying over Vegas hospitals to salute doctors & nurses in their fight against Covid-19 pic.twitter.com/iDrvrBiYkQ
— Darren Rovell (@darrenrovell) April 12, 2020
Burning Man Canceled Due to Coronavirus, Going Virtual https://t.co/yPdVbJtjpD
— TMZ (@TMZ) April 12, 2020
Congrats to @DevinBook on becoming the first-ever NBA 2K Players Tournament Champion! 2K, the NBA and NBPA are all contributing a $100,000 donation in Devin's name to Direct Relief and Arizona Food Bank Network in support of ongoing coronavirus relief efforts. #NBA2KTourney pic.twitter.com/Fsiv56WEgE
— NBA (@NBA) April 12, 2020
Bill Maher on Chinese coronavirus: "So when someone says, 'what if people hear Chinese virus and blame China?' The answer is we should blame China. We can't afford the luxury anymore of non-judginess towards a country w/habits that kill millions of people"pic.twitter.com/UYz15zRKAs
— Ryan Saavedra (@RealSaavedra) April 11, 2020
