WaPo: Record Government/Corporate Debt Could Lead To "Tipping Point" After Pandemic Passes

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Record government, corporate debt could lead to ‘tipping point’ after pandemic passes The federal government is on its way this year to spending $4 trillion more than it collects in revenue, analysts say. The reliance on so much debt will leave scars after the pandemic passes, economists say, making it difficult for policymakers to withdraw support and leaving the economy more vulnerable than before this crisis began. By David Lynch ●  Read more » Millions have lost their jobs. They’re losing their health insurance, too. In a nation where most health coverage is tied to employment, the economy’s vanishing jobs are wiping out health insurance in the midst of a pandemic. And knowing that government help in regaining insurance is proving piecemeal and iffy, some health care providers and the unemployed are bracing for an intensifying onslaught. By Amy Goldstein ●  Read more »