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As Biden models LBJ s Great Society, will fiscal history repeat?

As Biden models LBJ s Great Society, will fiscal history repeat? Nick Sargen, opinion contributor © Getty Images As Biden models LBJ s Great Society, will fiscal history repeat? The passage of President Biden s $1.9 trillion covid relief bill this week is being heralded as the most significant legislation in more than a generation. It provides a bridge for low-to-middle income households to cope financially until vaccines enable the U.S. economy to function normally. The bill is popular with the electorate for obvious reasons: Families of four earning $150,000 or less will receive checks totaling $5,600 and the unemployed will receive added weekly benefits of $300 into September. Other key provisions include funding for the rollout of vaccines and enhancing school safety, as well as $350 billion of support for state and local assistance.

Latest Stimulus Package Could Jolt U S Growth, Revive Inflation in 2021 | Hellenic Shipping News Worldwide

The nearly $1.9 trillion relief package heading for House passage Wednesday is projected to help propel the U.S. economy to its fastest annual growth in nearly four decades, reduce poverty and revive inflation. The legislation following trillions of dollars in federal aid last year and arriving amid rising Covid-19 vaccination rates prompted economists .

GoLocalProv | The Covid Relief Act Is the Beginning of the Progressive Era – Gary Sasse

In the 1996 State of the Union Address, President Clinton declared that “the era of big government is over”. In March 2021 when President Biden signs the American Rescue Act, it will officially return. When combined with the pandemic stimulus bill passed

Can America Escape the Stimulus Trap? by Shang-Jin Wei

Can America Escape the Stimulus Trap? by Shang-Jin Wei
project-syndicate.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from project-syndicate.org Daily Mail and Mail on Sunday newspapers.

MIL-OSI Global: Relief or stimulus: What s the difference, and what it means for Biden s $1 9 trillion coronavirus package

MIL-OSI Global: Relief or stimulus: What s the difference, and what it means for Biden s $1 9 trillion coronavirus package
foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.

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