We know so little. And there’s more new data suggesting many more people have been infected than previously thought. Northeastern University researchers suggest that by March 1, when the first coronavirus case was confirmed in New York, more than 10,000 were already infected in the city. The same was true in other American population centers.
The country continues to try to figure out how to process tragic human loss on a wartime scale with the continued and unfathomable economic loss necessary to make sure fewer people die.
The local reckoning looming ahead
People need their local and state governments now more than ever. They’ll need the services their taxes pay for and they’ll need the guidance of their local leaders, which is so important in a massive country of more than 300 million people.
But states and cities are about to get hit hard by a tax base being pulled out from under them by the Covid shutdown.
While the federal government can essentially print money, states cannot. Cities and states have already begun furloughs as they approach a new fiscal year. You know who might wind up bearing the brunt of cuts? First responders and other essential workers who have kept going through the shutdowns.
He sees the requests for money as, in part, an attempt to fix pension fund problems.
Here’s what’s in the latest stimulus
$310 billion for additional Paycheck Protection Program loans (An initial $349 billion in forgivable loans ran out in less than two weeks, so this is probably another Band-Aid).
$60 billion for small lenders and community banks to make loans.
$10 billion for Economic Injury Disaster Loan grants. After an earlier stimulus, nearly every small business owner CNN Business spoke to in the past few weeks said they had applied for a disaster loan early but many had not received any money from it yet, and in some cases had not even gotten confirmation that their applications had been received.
$75 billion for hospitals and health care providers to reimburse them for coronavirus-related expenses.
$25 billion to expand coronavirus testing capacity.
This is not Rock, Paper, Scissors
I completely understand the desire to open the country and states back up and you should too.
The hardships created by all of this are going to be long-lasting.
The problem we’ll all run into is that everyone’s actions are affecting everyone else in this. No one gets to be an island.
Rock, Paper, Scissors. Yesterday I asked a colleague whether any of the inalienable rights mentioned in the Declaration of Independence — life, liberty and the pursuit of happiness — takes precedence over the other.
She said she’s never viewed inalienable rights as rock, paper, scissors.
So: Should life — just that — trump liberty and the pursuit of happiness? We’re all trying to answer that question right now.