MORE than 200 members of the Obama administration have urged Congress to “go big” on stimulus checks, despite “fear mongers” trying to “water down”.
The open letter, published online on the campaign site Invest in America Now, urged congress not to shrink its stimulus bill in response to Republicans’ criticism about deficit spending.
The letter was signed by more than 200 members of the Obama administrationCredit: Getty Images – Getty
The letter urged congress not to shrink its stimulus bill in response to Republicans’ criticismCredit: Getty Images – Getty
By shrinking the bill, Democrats risked repeating the same mistake they made 12 years ago, amid the last economic crisis, the letter claimed.
It said the decision by the Democratic-led Congress in 2009, to pass a stimulus of $787 billion – which was less than what some economists at the time said was needed – unnecessarily prolonged the Great Recession.
Speaking of a package passed to ease the effects of the 2009 economic crisis, the letter said the “resistance” Government faced trying to “water it down” used valuable time and “diluted the aid” that reached struggling families and small businesses.
“These shortsighted efforts ended up prolonging the economic pain and inhibited our ability to bounce back quickly.”
“We can’t let the same thing happen again.”
The letter went on to state Biden faced an “even worse crisis” than what the nation faced back in 2009.
“A national health crisis that has led to the deaths of more than 400,000 Americans on top of an economic catastrophe that has put tens of millions out of work and shuttered hundreds of thousands of businesses, with both crises hitting communities of color especially hard,” it read.
The letter said it was unfortunate that Biden’s efforts to restore the company by lining hard-done by Americans’ pockets were met with opposition.
Former Labor secretary Tom Perez was one of those who signed the letterCredit: AFP – Getty
The signers included former Labor secretary Tom Perez, Former U.S. Secretary of Health and Human Services, Kathleen Sebelius, and Julian Castro, Former U.S. Secretary of Housing and Urban Development, to name a few.
According to reports from the New York Times, Castro asserted in an interview the need to “learn from the past”.
LEARN FROM THE PAST
“If we have the power to meet the needs of Americans, then we need to do that immediately, whether congressional Republicans agree with it or not,” he said.
Lawmakers today passed President Biden’s $1.9trillion Covid budget plan with $1,400 stimulus checks at the end of around 15 hours of debate and back-to-back votes on dozens of amendments.
The budget was passed after Vice President Kamala Harris broke a 50-50 partisan deadlock.
It paves the way for the latest aid package for Americans amid the pandemic.
The $1.9trillion plan aims to expand coronavirus jabs, boost jobs and jump-start America’s stalling economy.
But the latest round of stimulus checks may not be as generous as the first and second.
Stimulus checks of $1,200 were paid last year and followed up with an extra $600 payment in January.
A third payment of $1,400 has now been approved, but not everyone will get it.
An amendment tabled by Democrat Senator Joe Manchin called for “upper income taxpayers” to be excluded.
This motion was passed and reflects similar calls from Republicans to tighten requirements, although it is not binding.
The details of this will be agreed later.
Castro asserted the need for the Democrats to “learn from the past”Credit: EPA
Biden’s $1.9trillion plan aims to expand coronavirus jabs, boost jobs and jump-start America’s stalling economyCredit: AFP or licensors