While talk of enforcing lock downs and handing out stimulus checks dominates the news cycle, there’s a larger, more devastating crisis lurking in the background that threatens to disable our economy for decades.
We’re talking about the consequences of long-term debt, currently being fueled by the COVID-19 pandemic. While taking on debt to solve today’s financial problems could be a good thing in the short term, it almost always bodes badly for the future. The only way to relieve the pressure is to lift the lock down mandates and get Americans back to work, but the prospects of such a reversal probably won’t occur for a while.
The prognosis: If unemployment continues to rise, both individual and national debt will continue to rise to help us stay afloat, and this will happen at record levels that we have never seen before. Is there light at the end of the economic tunnel? Find out in the following analysis from the Jack Chapple channel.ARVE Error: need id and provider