There is a real problem with the situation though. And I want to distinguish between the decision you've made, which are savvy, and the broader picture where this showcases some of the more unfortunate elements of socialism.

It is a terrible outcome if millions of Americans are about to go broke and the relative winners are people who (a) totally rely on government handouts and (b) rely on people who are totally reliant on government handouts.

This story points to a situation where a rational person would rather be involved in ventures that produce less resources than they consume. That will really start to hurt the absolute measures of prosperity if it persists for long.