That’s going to be several trillion. Not one trillion.
The people already expect the government to save them from all harm. Because the government pays people to rebuild after a natural disaster, the people rebuild in the exact same location that is prone to disaster, meaning that it will be destroyed again, and the government will pay them again, etc, etc.
The current crisis shows how much the people expect the government to do everything. Government’s response is going to raise expectations, so the people will always demand more.
In Britain the government is paying 80% of wages! Will it happen here? It’s close to that. Under sanders it would have happened.
Government does not produce money. It only redistributes it. People working productively produce money. Half the people are out of work now.
Get it? Few working. Government spending like a madman. Results: Recession and/or runaway inflation.
In Britain the government is paying 80% of wages! Will it happen here? It’s close to that. Under sanders it would have happened.
It’s going to happen here. When 25%-30% unemployment is reported the people will demand it. We hit 25% unemployment in the Great Depress. It’s easy to see a service industry heavy economy of today getting worse than that.