Attached below is an article the reviews the attempted horse trading going on with trillions of your tax dollars. The US Budget for the fiscal year ended Sept 30 2019 was just over $4 trillion (that is $4,000 billion.) Even in fiscal 2019, the Federal government borrowed additional debt of nearly $3 trillion. So with the stimulus payments this year, Federal spending could easily approach $6 trillion and what is being proposed or "negotiated" is an additional $1 to $3 Trillion.
The concerns with previous stimulus is that some payments were clumsily provided and the substantial unemployment benefits incentivized some not to return to work. Readers should know that the average unemployment benefits per week were about $330. The CARES Act increased that to $930 per week with an addition $600 per week. That combination of state unemployment benefits and CARES act provided such large benefits that some workers preferred to stay home rather than return to work. Many receiving those benefits were being paid more than "many essential workers" that were showing up to serve Americans during the Pandemic.
This is a typical ideological conflict that is common place. Dems always want more hand outs, even when excessive, to curry favor with voters. Repubs are willing to help the needy but do not want to create incentives that are counter productive.
Like most policy disputes in Washington there are easy pragmatic solutions if elected leaders did what is best for Americans. But they don't.
A Simple Truth solution is to taper benefits down to zero in a few months to encourage everyone to return to work. Say continue for two months at $500 per week.. then two months at 300 per week and then drop to $100 per week after four months for another 6-12 months.
There are other issues in dispute but the Simple Truth is there are pragmatic solutions. Another key dispute is over Federal bail outs for states that have wrought havoc on financial position due to long standing unsound financial practices and flawed lockdown decisions. These are democrat run states like California, Illinois, New York and New Jersey.
But "we" elect too many to Congress that care more about their political future than doing what is best for America. Let them know how you feel. No more horse trading.
Here is the Article that provides a recap the breakdown in "negotiations."
Here is a link to the Federal Budget with actual data about spending.
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