Here’s Everything the Federal Government Has Done to Respond to the Coronavirus So Far
The pandemic has caused a public health crisis as well as substantial economic disruption. So far, lawmakers have enacted six separate pieces of legislation.
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The pandemic has caused a public health crisis as well as substantial economic disruption. So far, lawmakers have enacted six separate pieces of legislation.
Despite higher healthcare spending per capita, the U.S. generally does not have better health outcomes.
https://www.pgpf.org/chart-archive/0252_health_outcomes_spending
Healthcare expenditures in the U.S. are much higher than those of other developed countries.
https://www.pgpf.org/chart-archive/0170_international_health_spending_comparison
Life expectancy at birth in the United States is lower than in other developed countries, despite higher healthcare costs.
https://www.pgpf.org/Chart-Archive/0201_us_lifeexpectancy_low_despite_cost
Although the United States spends more on healthcare than other developed countries, its health outcomes are generally no better.
The homeownership rate for young adult households has increased, but remains below it’s peak.
https://www.pgpf.org/chart-archive/0227_young_adult_home_own
Health expenditures of state and local governments are projected to crowd out non-health spending.
Fixing the budget requires addressing the root cause of the long-term deficits: escalating Social Security and Medicare shortfalls.
Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
The Fed is not in the business of monetizing our government’s debt but is skating close to the edge, which has upped the risk of a misstep.