Tens of millions of Americans, through no fault of their own, have been deprived of jobs they need to earn a living and provide for themselves.
Many other tens of millions of Americans, and the businesses they work in, are experiencing significant reductions in income.
The Federal government is providing trillions of dollars of funding to cover this huge lost income of the American people. The trillions of dollars are being paid and distributed to the American people in various ways.
State governments are also providing funding through their unemployment insurance programs.
It is imperative to keeping the economy going that Americans who have lost their incomes receive the governmental funds and use the funds to purchase things as they would do if they had not lost their incomes.
Currently and for a long time to come, a main occupation of our Federal and state governments is and will be developing and managing how the trillions of dollars of Federal and state government funding gets distributed to the American people.
This will include our Federal and state governments using their taxing and other powers in the future to reduce the trillions of dollars of governmental debt that is being created in dealing with the pandemic, and this will have large effects in the future on the economy and on businesses, schools, hospitals and state and local governments.and the American people who work for them.
In this situation, elected and other governmental officials have been deciding and will decide in the future about this multi-trillion dollar pandemic funding program, how the funds are distributed to the American people, and how taxing and other governmental powers are used in the future to reduce the trillions of dollars of governmental debt that is created.
All Americans are and will be affected by the foregoing decisions that the elected and other governmental officials make regarding the pandemic's multi-trillion dollar governmental funding program.
Americans will have a myriad of competing interests in how the governmental officials make their decisions.
Americans will naturally seek to influence how the pandemic funding decisions are made. This will be done through the political process, and donating to, supporting and voting for officials and candidates who Americans believe will look out for their particular interests in the pandemic funding program.
The great economic distress of Americans resulting from the pandemic will force and result in greatly heightened attention to the political process by which decisions concerning the pandemic funding program are made. There will be a myriad of competing interests to be served by the program, and the American people should become much more political en masse to look out for their interests.
See also Our country's dire condition and Covid liability precipice.
No comments:
Post a Comment