The federal government will run a $3.8 trillion deficit this year and $2.1 trillion next year.
Those estimates, from a budget-focused think tank, don’t include what’s almost certain to be another multi-trillion-dollar stimulus package or two, or three, in the near future.
We’re all just guessing, but when this is all over – however you want to define that – it would not surprise me if the direct federal cost of COVID-19 is something north of $10 trillion.
Read the Full Article Here: https://www.collaborativefund.com/blog/who-pays-for-this/
Author: Morgan Housel
