TriggerFinger


Biden advisor thinks he can borrow from your accounts for more lockdown


The HillA top health adviser to President-elect Joe Biden suggested that the nation is well-positioned financially to withstand a lockdown of more than a month in an effort to get the coronavirus pandemic under control.

"When you look at the personal savings rate in this country, it's now gone from about 8 percent to over 22 percent. We have a big pool of money out there that we could borrow. The historic low interest rates by the federal government, we could pay for a package right now to cover all of the wages, lost wages for individual workers, for our losses to small companies to medium sized companies, for city states, county governments. We could do all of that," said Michael Osterholm during a live event this week with Yahoo News.

So Biden views your personal savings accounts as things from which he can "borrow". (No word on when he will ever "pay back" anything, of course).

This entry was published Wed Jan 13 21:23:24 CST 2021 by TriggerFinger and last updated 2021-01-13 21:23:24.0. [Tweet]

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