Anthony Scaramucci Profile picture
🇺🇸 Entrepreneur @SkyBridge. Host, Open Book and @RestPoliticsUS. https://t.co/t4SOzQjxuy
Su An Profile picture 1 subscribed
Mar 18, 2020 7 tweets 2 min read
Congress and Trump admin have been discussing $750-850 billion stimulus packages to mitigate economic damage from the coronavirus pandemic. That’s not nearly enough. We needs to think bigger - 3x bigger - and smarter if we want to avoid a deep depression. Here is what I propose: We should be treating this like wartime. That’s how grave it is. During WWII we ran deficits as high as 26% of GDP. Using 20% of GDP (1945) as a point of reference, we still have room for another $3 trillion+ in fiscal stimulus. We should overwhelm the enemy with firepower.