Democratic Primaries

I hope folks realize just how many more trillions the federal government is gonna have to shell out to keep this economy afloat. From earlier today...

Why Robert Reich thinks the stimulus doesn't go far enough

https://www.cnn.com/videos/business/2020/04/08/robert-reich-stimulus-markets-now.cnn-business/video/playlists/business-markets-investing/

Biden's gonna inherit a tsunami of red ink and an economy teetering on the edge that will probably be far worse than what Dubya handed Obama. Hopefully Joe can use the crisis as an opportunity to institute a fairer and more progressive tax code and start chipping away at the 4 decades of Reaganomics insanity that has gotten us into this mess. Clinton and Obama barely managed to make a temporary dent in it which Dubya and Drumpf quickly reversed. We are rapidly reaching levels of debt-to-GDP that are unsustainable...

https://tradingeconomics.com/united-states/government-debt-to-gdp

Click on "MAX" and then "Chart" and "Column" to get a good idea how really bad things are becoming...and that doesn't even include the bailouts resulting from the economic heart attack the virus caused. We had a 91% marginal tax rate after WW2 and we obviously won't go back to that but we need to bump it up from the ridiculously low levels the GOP has taken them to.

Anybody who seriously believes Biden will be able to do very much the first few years with this kind of debt load is probably gonna be in for a rude awakening.