11-10-2020, 09:48 AM
(11-10-2020, 09:21 AM)Mick Wrote: I think it will depend on the stimulus, candidly. The Democrats can solve an awful lot of self-inflicted problems under the rubric of a blowout stimulus -- essentially what Pelosi was gambling on, initially. Frankly, I think it's a pretty good idea. As Mayor of Chicago Rahm Emanuel said "You never let a serious crisis go to waste. And what I mean by that: it's an opportunity to do things that you couldn't before." COVID crisis = save lots of underfunded/nonfunded Democratic projects. Sounds like it's time to do that. With a $27 trillion debt, what's another $2 trillion?
https://www.worldometers.info/us-debt-cl...ary%202020.
Pelosi gambled on capturing the senate and presidency and (barring something unexpected in Georgia) lost. As a consequence, she will have to deal with Mitch McConnell who appears to have rediscovered his party's fiscal prudence. I would be surprised if the stimulus breaks the $1 trillion mark, and will require some serious concessions to Republicans.
BC
