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Uncle Joe

(58,348 posts)
Thu Oct 14, 2021, 10:33 PM Oct 2021

Column: People talk about the cost of that big federal bill but don't know what's in it.



So we’ll tell you

(snip)

The survey also pointed to another conclusion: Federal assistance during the pandemic was terrifically successful.

During 2020 and 2021, about 25% of respondents who had previously been working full time said they were temporarily laid off or lost their jobs permanently, but the share of Americans who experienced an economic crisis in that period actually fell — to 40% from 54% among low-income respondents, and to 25% from 40% in middle-income households.

The only explanation could be the assistance programs funded by Washington, including enhanced unemployment benefits.

That’s something that House Speaker Nancy Pelosi (D-San Francisco) must keep in mind as she tries to steer Build Back Better through negotiation with her Democratic colleagues. The public sees real value for money in investments in education, healthcare, childcare and family assistance. Those who grouse about the cost are being as shortsighted as their rich patrons.

(snip)

https://www.latimes.com/business/story/2021-10-14/whats-in-reconciliation-bill




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