963: The American fisc under Biden. @veroderugy
Image: In 1837, there was an economic crisis, especially in the state of New York. This image tries to illustrate what the situation was like with regard to fiscal policy. Veronique de Rugy, @veroderugy, Mercatus Center, in re: The fact that President Biden looks with great favor on stimulus packages. “An everything bailout bill.”— David Stockman. Will the bill grow or shrink? One was passed, but the only thing that didn't make it in was the $2,000 check that President Trump wanted for people stuck without income because of the pandemic. It has bailouts for the Kennedy Center, Pakistani gender studies, everything. Also for fiscally creative states such as New Jersey and New York. The GOP remembers fiscal responsibility when it’s not in power. Expect a lot more debt and deficits.