Opinion | More ‘Stimulus’ Would Crush the Recovery

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From WSJopinion: Federal borrowing this year is set to pass 20% of U.S. GDP. Government risks consuming the oxygen that a powerful recovery will need, write Phil Gramm and Michael Solon.

A democracy’s greatest challenge arises when it confronts a major crisis during an election, since the critical need for serious debate is inevitably eclipsed by political posturing and opportunism. Less than two months since the U.S.

began to reckon with the Covid-19 pandemic, Washington has already passed three stimulus packages that will increase federal spending by half, quadruple the deficit, spend twice as much as existing tax revenue, and trigger the largest monetary expansion since the Civil War.

 

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opinion

opinion Mmmm - yeah - and we’re all going to die.

opinion You should have wrote this column before the deficit-exploding tax cuts were passed by Republicans a few years ago.

opinion Funny. Nothing about last TWO tax breaks for gazillioners.

opinion

opinion At some point the country needs to take its financial medicine. Unfortunately the way the rules are written now, corporations get to privatize their gains and socialize their losses. The working class loses on both sides. 'Tickle down' is a loser. Maybe let's try 'tickle up'.

opinion Hahahahahahahahahahahaha

opinion Nice job, cons.

opinion Let them eat cake...

opinion But it's ok to give a trillion dollars to the rich and corporations. Got it.

opinion

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