$14 a barrel. They’re practically giving oil away for free.
That’s activity that isn’t happening.
From 2019, state pension debt is valued at approximately $5.2 trillion. State and local sales tax revenue has virtually disappeared.
$5.2 Trillion Of Government Pension Debt Threatens To Overwhelm State Budgets, Taxpayers
Pension Tracker has collected data from around the nation (calculating) the total market pension debt in California (at) more than $1 trillion, or $78,334 per household… Nationally, Pension Tracker calculates the total pension debt on a market basis at $5.2 trillion…
An extra $300 billion for paycheck protection. Not even close to enough.
Roughly calculated, 22 million unemployed at a median US wage of $63,000 comes to $1.3 trillion or $115 billion a month. Unemployment is rising by 5-6 million a week.