Now, standing patiently in line for their bailouts, are the states — and America’s cities and counties. These governmental units are virtually all certain to face falling tax revenue and expanded social demands, leading to exploding deficits. Their case: You bailed out the businesses and the hospitals. What about us? When does our turn come?
“War is the health of the state,” wrote the progressive Randolph Bourne during the First World War, after which he succumbed to the Spanish flu.
America’s war on the coronavirus pandemic promises to be no exception to the axiom. However long this war requires, the gargantuan state will almost surely emerge triumphant.
Currently, the major expenditures of the U.S. government, as well as a growing share of total federal spending, are Social Security, Medicare and Medicaid. ….
Read more here: https://buchanan.org/blog/the-one-certain-victor-in-the-pandemic-war-138473
