It does not matter how recovery will look like. Governments are printing money and increasing country's debts. Economy will recover. It will recover sooner or latter unless the debt bubble will burst. Debt bubble will definitely burst. Covid-19 lockout helped adding a lot more hot air in the balloon. But e have no ideas when the big bang will happen. It can happen this year it can happen next year or in 10 years time. Latter it will happen more ready Bitcoin will be.
This is pretty much the primary concern with governments essentially printing money and gambling on the fact the economy can recover in order to repay the debt. The U.S. economy will take a minimum of 5-10 years to recover and the unemployment rate will take years to fully recovery. I'm not sure how you can justify adding trillions to the national debt within a span of a year and actually want to prolong the lock down.
Do we really believe that the Americans people and politicians are willing to sacrifice and face hardships for a decade?
I strongly feel they will continue to print money to prop up this house of cards, and by the time it really starts to fall, the big guns will come out.
They have pretty much printed as much money as they can at this point with the Paycheck protection program (PPP) and the CARES act. Hundreds of billions of dollars spent giving out garbage loans to businesses that are already going to fail and handing out free checks worth 1,200 USD for any working citizen who makes less than a certain amount. You also got 500 USD per child under 17. I'm not necessarily oppose to some sort of relief to people that are suffering, but blowing open the debt is not something that I should have to pay the burden off because of irresponsible spending. The government bailing out small businesses that are bound to collapse and default on their loans is now something that every U.S. tax payer has to pay for now.
Beyond that, the US government is considering a second round of stimulus checks. This is in addition to unemployment which are making poorly run states bankrupt. The house of cards is going to fall at some point if they keep this up. It's really not a question about whether or not Americans are going to have to make sacrifices for the next few years, it's a guarantee at this point. The U.S. government is taking a gamble here and if they default on the debt they've generated, it's on them.