posted on Mar, 16 2020 @ 07:06 PM
The more I hear, about the business closings, cancellations and “requesting” of people staying home, I can’t stop thinking about what life is
going to be like when we get through the virus, be it a few months, or much longer.
I know even the president is talking about a recession. Ok, I think we will be lucky if it is just a recession.
We have the stock market completely tanking.
People can’t pay their bills if they no longer have a job.
So, we may already have water companies turning water back on, and we will probably have electric companies suspending bills for a month or two. We
may even have mortgage companies and rental companies doing the same thing. Hell may freeze over and even the banks and credit card companies may do
this as well.
The fed will be pumping money into the economy. We are going to extend unemployment.
Let’s say it all happens.
Does the general public not realize, that the bill WILL come due? How are we going to pay for all of this? Because we will be paying for it
I can see mortgage companies, just tacking those missed payments on the end of your loan.
Electric and other utilities can just raise you payment per month, until it is paid off.
But what about the big stuff?
Well, so much for that decrease in your federal taxes. I can see that going up even higher, along with your state taxes.
Don’t get me wrong. People need help now, and I am glad they are getting it. But people need to realize, we will be paying for it.
I fear, for a long, long time.
I want us all to get through this, as healthy and safe as we can. But having had my own "financial" crisis, not that long ago, it's been on my
mind since they started shutting things down.
I'm sure I've missed some important issues, as I'm not an economist. Let me know what I've missed.