The U.S. Postal Service is in deep financial trouble with mail volumes falling and losses rising. Analysts have differing views about the best USPS reform options, but all agree that the agency’s operations are unsustainable as currently structured.
The COVID-19 pandemic has pushed the economy into a deep recession. The crisis will also create lasting economic damage from the jump in debt as a result of higher federal spending and lower federal revenues. How much debt will the crisis add? Perhaps $6 trillion.
A federal infrastructure package would probably cater to lobbyist demands, not market demands, and would likely include billions of dollars for transit, even though the ridership outlook is grim. As for the states, they should proceed with caution because the crisis will shake up many economic relationships, including infrastructure use.
In the current crisis, we are seeing some brilliant efforts at the nation’s hospitals, medical research facilities, businesses, and other institutions that will no doubt get us through one of the largest disasters ever.