A2: First, let's take a step back and ask a this: what would a reasonable society do right now? Would they let people go hungry during a pandemic when there is enough food to go around? Would they let people go homeless when we have more homes than ppl?
Would they let ppl go without healthcare when we have enough to provide all with coverage? NO! A reasonable society would pull out all the stops. It'd realize that we're living through unprecedented times. It'd realize that economic security + health are fundamental rights.
What this #JobsDay tells us is that Congress needs to act. The House already passed bold legislation, but @senatemajldr & @realDonaldTrump are hellbent on bringing working families to their knees. Why?
Because they can.
What we need is a massive influx of government spending. $1T isn't even close. $3T is a reasonable down payment IF it's spent well - UI, schools, state/local gov, healthcare, etc.
We may be just at the beginning of this recession. It's simply too early to tell. But what is certain is that if Congress fails to act, it'll get worse. Much, much worse. The upside is that economists have highlighted what needs to be done. Congress simply needs to act.
Also, big shout out to all the folks at @EconomicPolicy who have been doing so much to crunch the numbers during these crazy times.
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