Recently PCG published an article which tries to make people afraid of government spending to address the ongoing coronavirus pandemic. It seems odd to worry about that while the coronavirus runs rampant in the United States and in much of the world. (Christopher Eames, The Cost of Coronavirus Is Beyond Imagination, December 15, 2020.)
It seems odd to complain that something is somehow "beyond imagination" when one could consult with someone who has a much better grasp of the topic.
Four trillion dollars—that’s how much the United States has spent on its coronavirus response this year, up through the end of October. Four trillion is one of those numbers that is hard to wrap your head around. Most people, including our leaders, simply cannot grasp how gigantic that sum is.
America’s expenditure on COVID-19 equals the combined GDP of 135 nations. ... Or you could consider the price in terms of gross domestic product. U.S. coronavirus spending is greater than the GDP of any nation on Earth with the exception of the top three: America, China and Japan (barely). It’s greater than the GDP of the entire continent of South America. It’s greater than the combined continent of Africa and region of Oceania; than the GDP of the Middle East and North Africa combined. It’s equivalent to the combined GDP of the lowest 135 countries in the world. $4 trillion—aimed at alleviating the effects of less than one year of coronavirus, in just one country.
If we spread it out from the first confirmed U.S. coronavirus case (January 20) to the start of October (when we hit $4 trillion), that averages to roughly $15.7 billion per day. That’s two Panama Canals, every single day. That’s an American Revolution every four hours. The Louisiana Purchase every half hour. Buying Alaska every 10 minutes—for over nine months. That is sickening.
He then talks about the influenza pandemic of 1918.
Even during the 1918 Spanish flu, which killed some 50 million people worldwide, the healthy were allowed to work. No work meant no food. The choice for heads of households was the possibility of catching the flu and possibily dying—or starvation for themselves and their families.
But coronavirus is no Spanish flu. Coronavirus is a disease in which 99.9 percent of people who get it survive.
What, then, is all this spending for?Many of us have had friends and family die of coronavirus. But we’ve also had friends and family die of the flu and pneumonia. Half of the entire population of the UK is projected to get cancer in their lifetimes. We don’t bankroll for these things. They are hardly mentioned. Do these deaths not matter?
No comments:
Post a Comment