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DanieRains

(4,619 posts)
Thu Mar 19, 2020, 12:57 AM Mar 2020

Why Does America Have To Borrow Trillions And Not Singapore, Taiwan, And South Korea?

They don't have (who)?

It is amazing how "the media" seems to ignore the fact that some countries didn't collapse with sick people everywhere.

Why?

Same answer.

Imagine the "greatest country on earth" having the best "response" to the virus in the world.

Having smart people in charge, planning, preparing, and executing a PLAN.

Imagine.

Sad....

6 replies = new reply since forum marked as read
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Why Does America Have To Borrow Trillions And Not Singapore, Taiwan, And South Korea? (Original Post) DanieRains Mar 2020 OP
I don't know much about the stock market exboyfil Mar 2020 #1
so, what is the largest item in the US budget? nt msongs Mar 2020 #2
It's a two fold problem. procon Mar 2020 #3
Singapore, Taiwan and South Korea had a system in place and acted without delay dalton99a Mar 2020 #4
Bingo DanieRains Mar 2020 #5
K&R, those places didn't fire their pandemic response teams !!! uponit7771 Mar 2020 #6

exboyfil

(17,863 posts)
1. I don't know much about the stock market
Thu Mar 19, 2020, 01:08 AM
Mar 2020

But S&P Asia 50 is down nearly 43%. The DJIA is down 32%. The FTSE European is down 34%.

procon

(15,805 posts)
3. It's a two fold problem.
Thu Mar 19, 2020, 01:58 AM
Mar 2020

We overspend on a bloated military, corporate welfare and tax cuts for the rich. This results in less tax revenue to afford stuff that regular people need, like healthcare, family medical leave, free education, and mobilize any rapid, all of govt approach to big, national disasters.

Both problems are fixable.

dalton99a

(81,486 posts)
4. Singapore, Taiwan and South Korea had a system in place and acted without delay
Thu Mar 19, 2020, 02:06 AM
Mar 2020

Testing, contact tracing, forced quarantine - this is not rocket science. They also had a big stockpile of masks, and universal health insurance


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