A member of President-elect Joe Biden’s coronavirus task force said Wednesday that the US could manage the pandemic by enforcing an extended economic lockdown with the government compensating workers for lost wages.
Dr. Michael Osterholm floated the idea in an interview with Yahoo Finance, explaining that a four- to six-week shutdown of small to medium businesses could drive down infection numbers.
Osterholm said the federal government is in a prime position to use borrowed money to pay for such a lockdown package.
“When you look at the personal savings rate in this country, it’s now gone from about 8 percent to over 22 percent,” Osterholm said. “We have a big pool of money out there that we could borrow.”
Read more at NY Post.