Pandemic creates financial winners and losers, lawmakers told - True North Reports

If you play the market, work in the tech field, sell rural real estate, or run a business that was doing okay but still received federal recovery $$, the pandemic has meant good times. But if you’re a single mom with kids who can’t even go to school much anymore - meh, not so much.

“It’s not a picture of everything up, everything down,” Kavet said during his keynote address in an economic update for all legislators. He noted that federal stimulus deficit spending exceeding the national spending on World War II (adjusted for inflation) is driving the economy – not underlying economic strength. This spending also has created “disparate winners and losers,” Kavet said."

Read the Full Story at:

(click logo to be directed to the story)


Comment Below... And find more stories on Water Cooler

Showing 1 reaction

Please check your e-mail for a link to activate your account.
  • David Flemming
    published this page in The News 2020-12-04 15:16:48 -0500