The fiscal atrocity of a $1.9 trillion "single-year" bill is interesting only to economics students since others' silence about this is defining. President Reagan signed a $1 trillion budget. Everybody wrote him — aghast. Now, our legislator's are "borrowing" 6 times that, and no one blinks!
It's disguised as COVID-19 relief bill — not. It's about: $15 minimum wage, $400 billion bailout to blue-state pensions, $130 billion for schools, $1,600 monthly "unemployment bonus." Millions for AmTrack and NYC's subway — all paid for by your kids economic future. Concerned? Well, it's said it's “urgent” due to an economic “crisis.” Com'on man! Congress borrowed $3.7 trillion in 2020 for this, and the Budget Committee say's there's still $1 trillion surplus. It's not a real crisis-it's Bovine Manure.
This financial madness is because Democrats fear a fake economic crisis is disappearing — cloaked by COVID — to borrow for the above mentioned boondoggles. The economy? Housing prices jumped 12%. The manufacturing index hit a five-year high. Unemployment's down, oh, and my stock portfolio surged 4.3%! Worried? Perhaps to Governor Brown who foolishly shuttered businesses - tormented by the surrounding Governor's who did that, so she did too. Oh, and surprise — she's taxing your COVID relief check! Let'em eat cake...
No worries though since your kids are saddled with this debt. I'll take $1,400.00 COVID money. I don't know your kids nor do I care about their future!
I studied Economics in college. I am terrified the answer is, you don't care! But, thanks kids, and remember: "He that wants money, means, and content is without three good friends" — Shakespeare. I studied English Lit too because Shakespeare was easier to understand than Economics and those pesky equations — squared, times the probabilities that you'll complain!