U.S. Government Budget Deal Delayed

President Trump stated that the $600 to be sent to individuals was too little, suggesting that $2000 was more appropriate, given the struggles people have endured due to the lockdown policies. Trump has threatened to veto the legislation. The Democrats support the increase but Republicans object. While the legislation is very important given that the struggle many families are experiencing, I view this as kind of a “show” or distraction….I try not to lose track of issues such as deployment of vaccines and COVID travel passports, the move to digital currencies, and the Great Reset.

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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