The economy could have been expected to bounce back on its own if the business closure and stay-at-home orders did not last too long.
The CARES Act is one of the few government bailouts that doesn’t set a bad precedent.
President Barack Obama has doubled the national debt – from $10 trillion to $20 trillion. He’s added more debt than all of his forty-three presidential predecessors combined.
Government by ideological fantasy – at the expense of actual facts – is a terrible idea. So too is government of, by and for the donors. Far too often government regulators and bureaucrats ignore Reality – to tilt at ideological windmills. And WAY too often government becomes one giant stenographer for contributors – writing laws and regulations to accommodate their check-cutters’ every whim and wildest dream.