There are enough people completely divorced from reality in congress and in and around the presidency that it will potentially get incredibly hairy. I can absolutely see it getting to the absolute brink before they suddenly realize "oh shit this is bad" and pass an emergency "freedom payment" which again will be a one time thing and not be completely enough.
My pessimism says we're also going to be dancing from one stimulus to another without addressing the long term
I would agree, but in an election year maybe they won't play it that way. The party in power has more incentive to keep voters mollified than they do in preserving their ideological purity.
> we're also going to be dancing from one stimulus to another without addressing the long term
100% agree. This is the classical American response, we have mastered the art of kicking the can down the road.
what happens when the states run out of money though, that is ultimately the problem. how long are the states going to be able to keep up without federal intervention?
My pessimism says we're also going to be dancing from one stimulus to another without addressing the long term