Biden ally Larry Summers, a former treasury secretary, said $2,000 stimulus checks would be a 'serious mistake' that could overheat the economy
www.yahoo.com
Summers told Bloomberg he was "not even sure I'm so enthusiastic about the $600 checks," let alone $2,000 ones.

Apart from this article, I have to say it was quite an experience having Christmas yesterday and all my family talked about was the $2,000 checks. Trump comes out of this looking like the good guy after more than one Dem has publicly talked about how bad this would be.

  • congressbaseballfan [she/her]
    2·
    4 years ago

    Austerity is combining spending cuts with revenue increases. Raise taxes for everyone and cut benefits for the poor. EU playbook

    • OgdenTO [he/him]
      ·
      4 years ago

      Austerity is the attempt to raise government funds. This is through reducing spending by cutting services, raising taxes, or both. It can be a combination but not necessarily. The EU playbook doesn't apply - instead look at how the American right have done austerity - spending cuts and tax cuts - because tax cuts are the ultimate neoliberal goal