Dr. Perryman expresses the role of a significant stimulus package in keeping the economy poised for recovery after the pandemic.
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.
Congressional Democrats have proposed another stimulus package. Dr. Perryman breaks down some of the aspects included.
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.