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Heading toward the economic cliff



It’s like a truck barreling down the road, heading for a cliff. We can all see it happening, but no one is willing to do anything about it. The U.S. economy is heading for that cliff as Congress has yet to approve a second coronavirus stimulus package. Yet, without government assistance, many are going over that cliff. Remaining unemployment insurance benefits will expire by the first of the year. Millions in the U.S. could face evictions without protections from the government. Small  businesses are barely hanging on and could use another round of the popular paycheck protection program. Help with student loan debt expires at the first of the year. If Congress doesn’t provide financial assistance to states there will be more trouble. Local and state governments have seen reductions in sales and income taxes. That means less money to spend on city services and city employees. They have less money to keep people safe, like helping the homeless. There is no question what is happening. We can see it in front of our faces. More businesses will close, more people will be out of work, and more people will be living on the streets. If Washington doesn’t provide a lifeline, that cliff will be upon us very soon.  

Scott Robert Shaw serves as WIZM Program Director and News Director, and delivers the morning news on WKTY, Z-93 and 95.7 The Rock. Scott has been at Mid-West Family La Crosse since 1989, and authors Wisconsin's only daily radio editorial, "As I See It" heard on WIZM each weekday morning and afternoon.

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1 Comment

1 Comment

  1. Joe

    November 25, 2020 at 6:52 am

    I feel like you are being a bit negative. Things are tough for a lot of people right now. But, they have been before. When big problems come up we figure out a way through them and continue on. All this dependence on government to take care of us is not going to be the answer. We have to figure out how to again be communities. How we can help others, on our own, and with cooperation of our friends. Just have respect for each other as people and do for someone as you would want them to do for you. When all there is, is negativity you will never find anything but the negatives. We have to find the positives and use them to propel ourselves on to better things. If there are no positives then create them. It is all a matter of making up your mind.

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