The Fuzzy Math of COVID-19: Part II And some never get the message. They don't walk into my office much anymore since I'm not the kind of tax office you visit if you are 80 years old with a 30 year mortgage and working a job for the man at that ripe old age because you have debts and bills to pay. So much for the gold in the Golden Years. Long-time readers know I'm not a big fan of traveling, but I do like to get out of the house now and again. In retirement it would be nice to visit a few places, even if they are only a skip, hop and a jump away. If I'm working when I'm 80 it's because I want to and doing the things I want to work at.
https://wealthyaccountant.com/....2020/09/01/the-fuzzy

This is Not the Next Great Depression The willingness of leaders in Washington to spend whatever is necessary, coupled with the Federal Reserve's willingness to use unlimited resources to counter the economic dislocation, make it impossible for economic activity to descend into the chaos of the 1930s. Stimulus checks to individuals and forgivable loans to small businesses will limit the damage. Make no mistake, the damage will be acute and will linger. That lesson was taught us by The Great Depression. WWII spending proved the path necessary financially to beat the economic demon into submission. 

More proposals keep coming forward. Nearly $3 trillion in stimulus spending is already passed and working its way into the hands of individuals and businesses. It is not enough and will run short. Congress knows it and keeps pumping more stimulus measures at every whiff of a slowing economy. How much more stimulus spending will come is anyone's guess. All I know is nobody seems to want to rein in the excesses at this time. And that is probably a good thing. The 26% of GDP deficit in 1943 is only the worst year of many with large fiscal deficits in the early 1940s. The spending was insane back then and America thrived afterwards. With the money going into the hands of Americans (back then and now) there is no doubt in this accountant's mind the economy will pass this painful speed bump reasonably quickly with far fewer casualties than if belated measures similar to 2008-9 were used; or worse, the reluctant policies of 1929-1932.
https://wealthyaccountant.com/....2020/05/06/this-is-n