March 1, 2021
My apolitical comment on this situation.
$350 billion. I’m not sure how they came up with that number. But I’m thinking that Washington shouldn’t be giving money to states that didn’t have a shortfall (assuming the money is to fill the hole). Those that do have a hole to fill, they have the ability to raise taxes or issue debt. I’d offer a third option - a long-term loan from the Treasury at a risk-adjusted interest rate.
Obviously there is fourth option - cutting costs. That usually means people. I’m not a fan of that option at this time. I did my part by retiring. 😁😁😁
I’m probably demonstrating I shouldn’t comment without doing more reading. I’m firing this comment from the hip.