Speaking of coronavirus.... what do you think the total cost of this will be to the US Federal budget/debt???
I presume a few trillion has been spent already. Another stimulus bill coming out any week now. Plus states want to be bailed out. And we will have an even longer financial impact to airlines, cruise ships, movie theaters, sports arenas, etc.
And I have not heard anyone mention that tax receipts will also be impacted, compounding the problem with lower revenue!
Add to this the likelihood of a 2nd wave in fall...???
I presume a few trillion has been spent already. Another stimulus bill coming out any week now. Plus states want to be bailed out. And we will have an even longer financial impact to airlines, cruise ships, movie theaters, sports arenas, etc.
And I have not heard anyone mention that tax receipts will also be impacted, compounding the problem with lower revenue!
Add to this the likelihood of a 2nd wave in fall...???