Many states including Texas are experiencing budget difficulties because of the pandemic. Dr. Perryman explains why this makes the next federal stimulus package even more important.
The European Union has enacted a deal to help economies recover from the pandemic. Dr. Perryman explains how it will work.
Congressional Democrats have proposed another stimulus package. Dr. Perryman breaks down some of the aspects included.
Dr. Perryman explains the role of the stimulus money in keeping both the businesses and the economy as a whole afloat.
Dr. Perryman explains the importance of these checks beyond getting money in the hands of Americans amidst a public health crisis.
The latest stimulus comes with a price tag of $1.9 trillion, adding to the $4 trillion authorized last year. The final bill is a "mixed bag," with numerous provisions crucial to sustaining the recovery but others less essential. Such is inevitably the case when anything of significance grinds its way through the Congressional sausage-maker. Make no mistake, however, a substantial package was indeed necessary.
Student debt has been a growing problem for years and needs to be thoughtfully addressed. Recently, there have been calls for some type of uniform debt relief as part of a stimulus package. That is not the best solution.
Prior to COVID-19, the US was in the midst of a 10+ year expansion. While not perfect, the basic structure of the economy was basically sound. If this structure is kept intact, the recovery can be both robust and rapid. If it is allowed to deteriorate, things will inevitably be much worse.