Tuesday, October 20, 2020
One More Truck Stop
Coronavirus News (290)
My party may have given up it’s voice on things that matter but I have not. This election is about the course of a nation and the character of her people reflected in the leader they choose. America matters. I’m voting for @JoeBiden https://t.co/0sEy7D0bOk
— Michael Steele (@MichaelSteele) October 20, 2020
Why Biden Will Need to Spend Big The economic case for deficit spending is overwhelming. ........ For now, and for at least the next few years, large-scale deficit spending isn’t just OK, it’s the only responsible thing to do. ........... we won’t be able to have a full economic recovery as long as the pandemic is still raging. ......... another round of large-scale fiscal relief, especially aid to the unemployed and to cash-strapped state and local governments ........... will also help avoid a downward economic spiral, by heading off a potential collapse in consumer and local government spending. .......... think of what smart businesses do when they face great investment opportunities and have access to cheap capital: they raise a lot of money. ............ there’s a global savings glut — the sums individuals want to save persistently exceed the sums businesses are willing to invest .......... this situation — private savings all dressed up with nowhere to go — translates into extremely low government borrowing costs
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