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.
{Matzav.com}
“We have a big pool of money out there that we could borrow.”
Ha ha ha ah aha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha.
Borrow from WHO???
Elections have consequences…
We suffered with trump now we suffer with Biden
Shut everyone down for 5 weeks, and finance it by borrowing from people’s savings.
Forget marijuana. Let’s legalize whatever substance Osterholm has been smoking. THAT will finance a national shutdown.
You don’t have to brace yourselves. Trump is winning.
Personal savings gets the government more money to borrow? Hows that? Are they going to take my money by force? & then ill have to pay back/ with interest?
New Covid-19 cases to prepare for upcoming lockdowns after Trump will officially be declared President for a second term. Lockdowns will end after the riots will be tamped downs.
Do you mean like the Chinese Communist Party does in Hong Kong?
When do we start paying reparations to black folks?
Why lockdown? The vaccine is here