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Commentary: Andrew Cline - Hey, D.C., the economy has already recovered
Andrew Cline
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Washington is in the process of spending more than $6 trillion to rescue an economy that doesn’t need rescuing. A look at U.S. economic data shows just how insane this spending plan is.
The $1.9 trillion American Rescue Plan, passed in March, was marketed primarily as economic stimulus. The Washington Post dubbed it “among the largest economic stimulus packages in U.S. history.”
The White House touts the American Jobs Plan, which it says will cost $2.3 trillion, as necessary to “re-imagine and rebuild a new economy.”
EUP students receive Principals Award
The winners of the 2021 Eastern Upper Peninsula Principals’ Awards have been announced.
In order to be eligible for this award, students need to have a 3.3 grade point average or higher, a 24 on the ACT or a 1180 on the SAT and be a graduate of an Eastern Upper Peninsula high school. These students are recognized at the Grand Hotel on Mackinac Island.
In previous years, students needed to achieve an SAT score of 1200 in addition to the other requirements in order to receive this award.
Local students include those from Brimley, Cedarville, Ojibwe Charter School, Rudyard, Pickford, St. Ignace, Engadine, Newberry, Whitefish, Mackinac Island and the Sault.
Has anyone told Washington the economy has already recovered?
Monday, May 10, 2021 |
Andrew Cline - Guest Columnist Cline
Washington plans to spend more than the entire federal budget (which is roughly $6.5 trillion) to rescue an economy that is already recovered, with the ultimate effect that the “rescue” will shrink the economy in the long run. In technical parlance, the word for this is “insane.”
Washington is in the process of spending more than $6 trillion to rescue an economy that doesn’t need rescuing. A look at U.S. economic data shows just how insane this spending plan is.
The $1.9 trillion American Rescue Plan, passed in March, was marketed primarily as economic stimulus. The Washington Post dubbed it “among the largest economic stimulus packages in U.S. history.”
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