The longer you keep a band-aid on, the more painful it is to rip it off. From David Waugh at aier.org:
Last May, while teasing a run for the governor of Texas, eccentric actor Matthew McConaughey famously quipped, “I’m not interested in going and putting a bunch of Band-Aids on that are gonna be ripped off as soon as I’m out.”
The sentiment McConaughey captures with this statement is remarkable. He recognizes the difference between the long term and the short term. Thoughtful forward thinking vs. temporary band-aids.
If only there were more McConaughey’s in office today!
Unfortunately for us, we are stuck with the usual suspects: career politicians and their armies of band-aid deploying bureaucrats.
Now back to the present. Yesterday the Biden administration revived its unconstitutional band-aid ban on evictions. Biden directed the Centers for Disease Control and Prevention (CDC) to issue a new eviction moratorium – stalling evictions for 60 days in “counties with heightened levels of community transmission.”
Based on current CDC case data and a statement from Senate Majority Leader Chuck Schumer, the new moratorium will cover over 90% of the country.
As with any band-aid solution, this maneuver seeks to alleviate short-term problems while disregarding long-term consequences. In this case, tenants will feel a temporary cushion, at least until the moratorium expires, while we all will be stuck with the political and economic consequences of the President’s short-term directive.