effectively bar commercial real estate tenant evictions. Landlords and lenders throughout the country are forbearing for lack of any real alternatives.
And the trouble doesn't stop at the household or business level, our state and local governments are also hemorrhaging cash as tax revenues plummet. Thestates and localities will lose revenues and fees of $188 billion in 2020, $189 billion in 2021, and $167 billion in 2022, as a result of the present crisis.
But the US government never "became Greece." Because – unlike Greece and the other members of the Eurozone – the US doesn't tax, borrow or spend in a currency that we don't "print." Poor Greece's only option beyond the kindness of neighbors was "Grexit" which would have returned the country to its own currency — the drachma.
You might think that this column will end with a plea for bailouts. But that's not where I am going. What we need is the same type of "bail-ins" that the Eurozone creditors ultimately afforded Greece. We made the grievous error of bailing out banks during the last crisis, bringing on enormous popular ire – in the form of the Tea Party movement among other things.
DanielAlpert
DanielAlpert nice
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump had $270 million debt forgiven on Chicago skyscraper: NYT - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Debt that's forgiven = income. The building that the entire Apprentice show was created to promote turned out to be a complete failure? Bill Rancic couldn't save it? A guy who sold cigars online before trump put him in charge? I'm SHOCKED. What capacity he had been forgiven of the debt?
Source: BusinessInsider - 🏆 729. / 51 Read more »
How Apple's accessories business will continue fueling revenue growth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How businesses are adapting to abrupt digital transformation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Shopify sellers can now boost their businesses more easily on TikTok - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Dont allow this chinese scum to steal data from you
Source: BusinessInsider - 🏆 729. / 51 Read more »
How businesses should hire full-time employees instead of freelancers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Inc good luck
Source: BusinessInsider - 🏆 729. / 51 Read more »