An Infrastructure Inoculation for America’s Recovery
In weighing the options for additional stimulus, President-elect Joe Biden’s $2 trillion infrastructure investment plan has much to recommend it. If accompanied by a new independent commission to ensure that the money isn’t wasted on pork-barrel projects, it is a better approach than sending more checks to every household.
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BERKELEY – With the Democrats’ stunning sweep of Georgia’s two Senate run-off elections handing them control of both houses of Congress as of January 20, the idea of $2,000 stimulus checks for every household is sure to be back on the agenda in the United States. But although targeted relief for the unemployed should unquestionably be a priority, it is not clear that $2,000 checks for all would in fact help to sustain the US economic recovery.