Is $1.9 trillion too much?
Work began in earnest this week on stimulus legislation designed to pull the US out of the pandemic recession, a grab bag bill that includes funding to boost vaccine distribution, aid to vulnerable people and businesses, and measures to bolster working families in the medium-term.
The bill is arriving alongside positive news on two fronts: The daily incidence of new US Covid-19 infections is falling precipitously, in part because of the deployment of effective vaccines throughout the country. And the economy continues to churn along, with forecasters predicting annual growth in 2021 as high as 6.5%. Now, some analysts are arguing that the stimulus package is too big and should be reduced.