New debt and rent ought not be subject to such forbearance.
Every man, woman, and child, also deserve, desire, and demand $1,250 per month
during COVID, and for one year after COVID is over.
The above is necessary that the American people, and the U.S. economy survive.
Dependents ought to get their payments directly, akin to child support.
This will be $5 Trillion into the National Debt, yearly. This does not matter. A
Fiscal Expansion is in order. When Congress sells the Bonds to spend, it would be
effecting a countering equal monetary contraction. But the Fed will buy the
bonds, and lend to Congress, keeping the interest rate low. The other side of an
expansion (fiscal or monetary), is inflation, which is not the problem/concern
right now. An economic boom, and coincident inflation of the Consumer Price Index
and Stock Market (inflation of Price to Book Values), is not our concern right now.
This ought merely be an "Economic Pause," and not become a Great Depression. It's
not going to be a Recession. It's going to be one of the other two. We want an
Economic Pause. We don't want a Great Depression.
A clear and present danger is obvious. COVID has claimed 100,000 lives in 2
months. This is annualized to 600,000 deaths per year, if not more. This is more
than the 400,000 who die to cigarettes yearly.
A clear and present danger is obvious. Congress cannot buy the Stealth Bomber,
and let they U.S. economy collapse and the American people loose their homes and
livelihoods, and say it has any business protecting America.
COVID may last several more months, or persist into perpetuity until a vaccine or
cure comes to be. This is likely to be 1-2 years. For analysis, it all depends
on how many days it takes to recover and stop being contagious. The quarantine
either reduces the number of cases daily, if the daily infection rate is lower
than the daily recovery rate, or it holds them steady, or merely tempers the
spread if the daily infection rate is higher than the daily recovery rate. The
U.S. total daily infection rate is about 2% (% New Cases of Active Cases = 20,000
new cases daily on 1,000,000 active cases). Before the quarantine the daily
infection rate was 25%. If it takes 30 days to recover, the recovery rate is
100/30 = 3.33%. Texas' infection rate is currently about 6%. The number of cases
will only grow. New York's infection rate is currently about .60%, the disease
will be beat in several or many months. And California, and the U.S. as a whole's
infection rate are both currently about 2%, - closer to holding the total number
of Active Cases steady, but ultimately declining. If it takes 60 days to recover,
the daily recovery rate is 100/60 = 1.67%, and we're more screwed. If it takes 15
days to recover, the daily recovery rate is 100/15 = 6.67%, and even Texas may
prevail. We haven't seen so many reported recoveries. Greenland was 100% clean
of the virus as 11 cases recovered 6 weeks ago. On Saturday, May 23rd Greenland
just got one new case. Del Norte County, California's most North West County had
all 4 cases recovered one week ago, and in the last week had 15 new cases.
Let me remind everyone, that without the quarantine but everyone just doing their
normal activities, the Daily New Infection Rate was 25%. At 25%, in three days
the total number of cases doubles. In seven days it quintuples. In 10 days it is
times 10. In 20 days, times 100, in 30 days times 1,000, and in two months times
1,000,000, or terminal. 333 cases becomes 333,000,000 cases in 60 days at a 25%
daily infection rate, and this is what was going on before the Quarantine. We
don't want to return to anything like this and overwhelm our hospitals. Even with
more personal protective equipment, testing, and awareness, an increase to 10%-15%
with States supposedly opening would be disastrous. It's time for Congress to