Don’t you hear those printing presses running ? I don’t mean your local news papers or Time , Life , Readers Digest or any other of your normal news print. I mean those printing presses at the Treasury Department. The Fed is feeding the banks and business community with a few Trillion dollars. All those checks that are being sent people that file a tax return in 2018 or 19. All the businesses that will be getting tax breaks , government forgivable loans. I don’t even know if I remembered or even touch on the tip of iceberg on the things the government is doing or printing money for. I have a problem with all of that but yet again. I’m not sure what all this printing of money does to the inflation rate but I can’t imagine it’s though. Don’t get me wrong that I’m not saying that everything the Federal government has done didn’t need to be done. Because the choices weren’t many other than to let this Covid-19 virus run wild with no cure or vaccine or make the choices they made. Maybe for you like me and most people all this Covid-19 virus thing is like something so surreal that is hard to believe it is happening and we are all wondering when it will end. There is another scary part State’s can’t print their own money.
State’s have budgets and they collect taxes to run state budgets. Some state’s have rainy day funds for down years when tax revenues aren’t enough to cover all parts of their budgets. Yet most state’s won’t have enough in their coffers to cover this big a hit without income taxes coming , limited gas taxes coming in and sales taxes coming in. All those taxes are taking a hit . The big question is how long can states stay shut down and operate with limited taxes coming in. So I ask myself which state is going to start to break the stay at home and all these directives first ? That is a very realistic question something most governor’s are thinking about. We know most doctors or medical scholars would want us to stay shut down until this Covid-19 thing has passed. Many scary factors are being tossed around by these medical experts on how we open states up and how soon. Will we all need to be tested for Covid-19 ? Will we just have to be checked for antibodies ? Will you need those things done before you can return to work ? So many things for our leaders to consider.
We may have many changes in the way we prepare for pandemics and disasters after all this Covid-19 virus experience finally comes to a end. I’m not a real fan of taxes and especially taxes that let some people escape them and others not. For instance people who ride buses don’t pay a fuel tax but they do use transportation. What I’m trying to say is preparedness is going to be a big subject and paying for that preparedness is going to be a big question. People are never happy with paying taxes but we aren’t happy with this Covid-19 situation either. But being prepared with more PPE on hand and ready to go is important. Perhaps having a cushion of money to help play for a pandemic or disaster relief.
So with the printing presses running at the Treasury full speed ahead and we thank God our government can do that. We just pray for the future and the planning for other disasters than come a long in our country and in our world. For this world has had many calamities and a little old Boy Scout ” Being Prepared ” is a good thing.