Salon March 29, 2020
The numbers are devastating
The $1 trillion coronavirus relief package Congress passed won’t come close to making up for the damage caused by COVID-19 and the Trump administration’s lethal dawdling.
We need the government to act or we could fall into a depression rivaling the 1930s.
An 18-month crisis is widely expected. The Trump administration plan is for 18 months. That implies $5 trillion based on my calculations.
The ultimate cost of this novel virus is likely to be north of $7 trillion, assuming this pandemic endures for two years, as German public health officials warn.
Even if we put the pandemic behind us in just 12 months by finding and distributing an...
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