It’s much easier to lend short-term support to keep businesses from failing and jobs from disappearing than to let the economy crash and then try to build back — or worse, leave the economy in tatters.
As people lose jobs and businesses with the COVID pandemic, they cut spending, which trickles through the entire community in the form of lower sales and profits, leading to more layoffs and an economy spiraling downward.
The Deseret News reports that one-third of Americans, including bosses, are cutting back on food and nonessentials (“For many Americans, additional COVID-19 relief can’t come soon enough,” Dec. 11).
Meanwhile frustration and desperation are leading to a rise in property crime and violent crime.
So many people are losing their jobs and their businesses. With federal aid ending the day after Christmas, this will be a very sad Christmas for many if Congress fails to do anything to support citizens in their communities.
I applaud Sen. Romney‘s work to reach a bipartisan deal and I urge Sen. Lee to join him in shoring up the health of our families and businesses in the next few months as we await a vaccine.