For sure. Profit margins aren’t such that they can operate at a fractional capacity and even cover their operating costs.
For sure. Profit margins aren’t such that they can operate at a fractional capacity and even cover their operating costs.
I dunno how that’d happen. If it does I’ll vote for Trump.
DriveInDriveOut
Inordinately Right
Excellent
What's the other jobs are all saying lost. What about the poor bus drivers the shuttle the kid back and forth to school? How about all the government jobs that will not be able to make payroll due to the lack of taxes.
The only reason the market is going up right now is because Wall Street is expecting more stimulus money
Spot on. Everything right now is running on federal stimulus money and the hope for the quick development of a safe, effective and widely distributed vaccine.
DriveInDriveOut
Inordinately Right
It's going up because there's nowhere else to put your money.
Hopefully they come up with a vaccine then the market would really jump
That's why they dropped the rights to zero.
I want to force people into the market.
You need to go out 20 years on the treasuries to get 1%
You're right about that. That's about the time the federal stimulus money will run out and state governments without federal help become insolvent.
The big worry right now is about the growing prospect of state level insolvency and with McConnell unwilling to help them it's a ticking time bomb. He doesn't need to worry about his home state. Last year it received 37 billion more back from the federal government that what it payed in.
Non sequitur
Well-Known Member
DriveInDriveOut
Inordinately Right
No that's when the vaccine is out and your liberal tears start flowing because you get four more years of Trump.
DriveInDriveOut
Inordinately Right
Now it's a concern?
Liberal states were in massive debt with no plan to stop that irresponsibility, but now it's a concern?
What a bunch of BS.
States and look at the major cities also
They have almost zero revenue coming in
Jkloc420
Do you need an air compressor or tire gauge
yes and goldman sachs did not see the housing collapse either, track record matters
Jkloc420
Do you need an air compressor or tire gauge
blue states are in bad shape
And what else does your 3 week old copy of National Enquirer that you neighbor gave you say about progress on a vaccine?
Non sequitur
Well-Known Member
Cut taxes in half for 6 months and see what happens
Lots of states are. The hotel tax, no sports tax no parking tax no wage tax because nobody's working....
Jkloc420
Do you need an air compressor or tire gauge
most red states have room to cut because their budget is in balance and a lot got rainy day funds, i cant speak for city level
