Home

There’s an Economic-Relief Deal That Lets Both Sides Win

Leave a comment

Click the link below the picture

.

A group of ten Republican senators has made a $600 billion counteroffer to President Biden’s $1.9 trillion economic-rescue plan. The media has treated this negotiation as a mere formality, the prelude Biden will briefly entertain before getting down to the business of passing a real bill through budget reconciliation.

That may be so. But there is a chance the two sides can actually make a deal. And the best way to do that is to enhance its flexibility so that the Democratic fear of spending too little and the Republican fear of spending too much can both be resolved.

Democrats are haunted by the experience of 2009 and are determined not to repeat its errors. Congressional leadership bound itself to a 60-vote threshold that required getting support from at least two Republican senators, who in turn bargained down the size of the bill out of an arbitrary belief that a trillion dollars was too much to spend. The economic contraction wound up considerably deeper than economists realized at the time, and the administration had trouble getting votes for more stimulus later, and the slow growth that resulted punished Democratic members of Congress.

The lesson many Democrats have drawn is that they have to ensure that Biden doesn’t get saddled with a stimulus that’s underpowered. “The only thing we cannot accept” is a bill that is “too small or too narrow,” says Senate Majority Leader Chuck Schumer, who cites the lessons of 2009. “Democrats can’t assume we will have bite after bite at the apple, particularly with Republican state legislatures working overtime to entrench minority rule through redistricting,” Oregon Senator Ron Wyden tells Greg Sargent. “The only surefire way to prevent economic sabotage is to pass the bold economic relief that’s needed now.”

.

Photo: ANDREW CABALLERO-REYNOLDS/AFP via Getty Images

.

.

Click the link below for the article:

https://nymag.com/intelligencer/2021/02/biden-republicans-senate-economic-relief-checks-stimulus.html

.

__________________________________________

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Evidence Mutumbu

Evangelize,Christianize,Baptize

The Baked BLOGGER!!

Future of actual sense starts here!!

SHOPPEX NIGERIA

YOUR NO; 1 Online Shopping Place / ADVERTISEMENT- PUBLISHING - SALES And SERVICES.. Hotlines: +2348034011547/ +2347054796647 - whatsap: +2348034011547 - Pay On Delivery Service Only.

ahmar riaz

natural cates

Mysterious Soul

The scars of my soul bleed through words in the form of poetry.

The curious

All knowledges for the curious

Retiredकलम

Mere khayal aap tak..

THE SMOKEPHOTOGRAPHIST

"Making Abstract Art Photography Great Again!"

Bus Ticket Booking System

CW Ticketing System distributing Smart Bus ticketing software, this Bus booking system versatile in use and quality, ensuring cloud based bus reservation system for any kind of transportation.

Unusual Talks

Quite a few realizations out of the box

ASSHOLES WATCHING MOVIES

Our opinions don't stink!

Pure Beautiful Soul

Welcome to our Blog you'll find here everything about meditation, spirituality, some motivation quotes and everything positive thinking

MyView_Point

Right <> correct of the center

Social artist

Blog to Serve

Central Matrix

Comunidade Divergente

Guariento Portal

Seja Bem Vindo ao melhor do Mundo dos Filmes e dos Games.

Guide pratiche per meditare

Meditazione, semplice e per tutti

Free Islamic Dua for Love and Solve All Problem

Get your Lost love back in just 2 days by Islamic Dua. contact us on call and Whatsapp +91 7023090753

Shristy Singh

Adding Creativity Through Brush...........

Poorwa's blog

Life of the blogger behind...

Amazing Life

Site about Amazing Life

wealth talk

Welcome to word talk

Dr. Jean Carlos Duluc

Medicina al día

valerynangula.com

A PEEP INTO MY LIFESTYLE

Darkling Petrichor

Two steps more to inferno...

Expressions

It takes insanity to love a mess.

حلم الدرويش

مدونة تهتم بموضوعات متعددة مثل :الأدب والكتابة والتعليم وقضايا إجتماعية وإنسانية

L'HEXA-DOM "Regards sur L'Actu"

Le blog qui fait le buzz pour satisfaire la curiosité des internautes friands de news sans complaisance !

Live it! Korea

USFKLIFE MAGAZINE

Change Your Life

because only you can change

True alpha techs

Your's Truly and Trusted

The Hype Theory

Hype,Decoded.

Sanatan Satya सनातन सत्य

Reality, Sanatan Sahitya, Incredible, Love, and more ......

Saturnuslog

Rutinlerden ibaret olan hayattaki tek özgürlüğümüz kendi rutinimizi seçme yetimizdir.

Phenomenology and Poetry

An approach to bring actuality among masses

INFJ PHD

Valuing quiet and solitude in academe.

%d bloggers like this: