Thoughts on a couple of things I read this morning over coffee:
American Rescue Plan Passes – Cosplay Socialist Complains
Yesterday the US Senate passed the Democrats’ $1.9T stimulus legislation on a 50-49 vote. It’s too bad this bill did not include a minimum wage increase of some kind, and I would not have means-tested the direct payment checks. But this legislation will put money in the pockets of people who will spend it, and includes changes to the way we support low-income families that should help reduce child poverty. It also provides funding to accelerate the pace of Covid-19 vaccinations.
It’s also excellent politics because passage keeps a campaign promise that will boost the economy while bringing the pandemic to an end that much more quickly. It will embed new support for poor families that will be difficult to withdraw later. I think Biden learned something from the 2010 midterm election catastrophe: Republicans cannot be trusted to negotiate in good faith, and in the end the won’t, so push through the most you can without their help.Continue reading