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Sunday, May 17, 2020 4:02:12 PM
I know they're talking about another $3 trillion dollar bill to help, but in reality, I believe it's going to take a lot more than that. It's not that we have to get all sorts of places back in business, we have to get them back to business in much safer ways then how they operated before the pandemic.
It would be great if the average class size was cut in half, so proper social distancing could be established. Any idea how much that will cost. Likewise restaurants, bars, etc are being asked to cut numbers to somewhere between 25% and 50% of their normal capacity, the business will clearly be diminished, and sanitation costs will rise dramatically, will the govt. subsidize all these businesses until normal operations can be resumed when we have an effective vaccine.
I suspect before this is all over we'll have more than doubled our national debt, but so will all the rest of the world, it's all relative. I still believe we're worth more than out debt, but that's not making financial assumptions, like depreciation, it's based on what things could be sold for if you actually put them on the market. Of course we'd never do that, but the value is still there.
Gary
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