The stimuloss was supposed to creat jobs. “Shovel-ready” jobs.
Unemployment has increased, stores are closing, banks aren’t lending, people can’t get credit for homes and cars, and we have a monstrous debt to show for it.
They are insane. I think hell will freeze over before the public would accept more debt for another stimuloss.
The fascists are the ones who support endless budget deficits.
If the Democratic caucus follows it's principles, the only question is how much more spending/debt. They have general tax increases, direct spending, and a temporary 15% reduction in cost of labor, but only for new hires (the cost of existing labor is not affected by the proposed tax policy change), and only for a limited time (1 year, II RC). I think that targeted tax-reduction proposal would also increase the debt.
Will the public like it or accept it? Some will, probably 40% will clamor for it.
The Dems may have miscalculated when they backloaded the stimulus funds to kick in next year in a cynical move to bribe the public during an election year. Now folks are looking around and asking why the stimulus isn’t working and the Dems can hardly explain they’re using that money to buy an election instead of creating jobs.