With the COVID-19 shutdown leading to over 10% unemployment and adding 2 trillion dollars to the national debt (from the \u201cstimulus package\u201d), the U.S. has entered \u201cuncharted economic waters.\u201d
No major country in the world has ever been this upside down on debt-to-income ratio. All metrics point to a fiscal disaster much larger than the 2008 mortgage crisis, and substantially worse than the \u201cGreat Depression\u201d of 1929.
Today, health care economist, Ron Howrigon, author of Flatlining: How Healthcare Could Kill the US Economy, breaks it down by the numbers. Buckle up folks, winter is coming.