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Default Bad news

On Wed, 18 Mar 2020 16:59:27 -0400, "Mr. Luddite"
wrote:



On 3/18/2020 4:37 PM, Adorable Deplorable wrote:


Just found out my daughter's husband just got his hours cut to zero and will
have no income. Six kids. ****.
--

Freedom Isn't Free!



This fiasco is hitting people fast. Hopefully the stimulus package
that includes checks to people, some loan payment moratoriums,
infusion of money to the SBA and bootstrapping state unemployment
benefits will help people out for a while.

I have a nephew who manages a construction company. He was told
to lay everyone off because the covid-19 thing is affecting
the construction business big time.


There is no way the Federal government can come up with enough money
to back everyone this "cancel everything" mentality has laid off.
This could be the end of "money" as we know it if they don't wise up.
and back off of the closures.
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