03-12-2020, 10:21 AM
If the economy does seriously tank, what will happen to SoSec?
So this is well above my pay grade and also in some other department. Any one with an ECON background?
I would point you to the concerns about Trump's push for adding a payroll tax cut into the emergency relief package being debated and whether it would even help at all (much like the ban on flights from Europe - makes almost no difference to the outcome now)
https://www.marketplace.org/2020/03/11/p...t-covid19/
Some see it as an attempt to intentionally under fund social security and medicare to drive them into insolvency. (although if the virus is allowed to spread that's also less seniors to draw on these funds, although less Trump voters as well - morbid truths)
https://www.democracynow.org/2020/3/11/h...l_security
The comparison to Japan's deflationary banking situation has also been made.
https://www.forbes.com/sites/williampese...aa96e13a30
This all becomes 4D chess real fast, but it's looking like 2008 might have nothing on 2020 when it comes to crippling the economy and triggering some serious changes.
So this is well above my pay grade and also in some other department. Any one with an ECON background?
I would point you to the concerns about Trump's push for adding a payroll tax cut into the emergency relief package being debated and whether it would even help at all (much like the ban on flights from Europe - makes almost no difference to the outcome now)
https://www.marketplace.org/2020/03/11/p...t-covid19/
Some see it as an attempt to intentionally under fund social security and medicare to drive them into insolvency. (although if the virus is allowed to spread that's also less seniors to draw on these funds, although less Trump voters as well - morbid truths)
https://www.democracynow.org/2020/3/11/h...l_security
The comparison to Japan's deflationary banking situation has also been made.
https://www.forbes.com/sites/williampese...aa96e13a30
This all becomes 4D chess real fast, but it's looking like 2008 might have nothing on 2020 when it comes to crippling the economy and triggering some serious changes.