Biden's Post-Pandemic Rx: Massive Gov't Spending

Biden's Post-Pandemic Rx: Massive Gov't Spending
” (AP Photo/Patrick Semansky, File)
No m
atter who wins the election this November, the worst of the COVID-19 crisis will likely be over by Inauguration Day, thanks either to improved therapeutics or a vaccine. On the economic front, the data from May and June demonstrates that the U.S. labor market can recover rapidly. An essential element of that recovery will be incentivizing private sector businesses to reignite, grow and hire.

Absent sufficient tax revenue, the government can do little to address the difficulties we will face or the debt we incurred due to the pandemic. Those tax dollars come from the profits private sector businesses generate and the jobs (incomes) they create. The government’s ability to borrow is also dependent on the strength of the American economy, which is, in turn, dependent on a vibrant private sector. Read Full Article »


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