Harry's Gang: A stimulus now churns into debt fovever


April 3, 2020

It’s been called the “Overnight Recession” by some economists. Just weeks ago, the economy was humming along. Suddenly, stock values dropped; people are out of work; and economic uncertainty is scaring the pants off many.

So the government’s reaction to pump $2 trillion into the economy is an interesting tactic. It’s welcomed by most, which explains why the stimulus bill passed with huge support from both parties.

I am concerned. This is not some rich Uncle Sam handing out quarters to his nephews and nieces at Easter dinner. No, somehow, the stimulus money will need to be paid bac...

For access to this article please sign in or subscribe.


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024