Economy

Like Social Security for Kids

April 12, 2021 In a sky-is-blue revelation, it turns out Americans who are eligible for $1,400 direct payments under the American Rescue Plan support direct government payments to individual Americans. When including the latest nearly $2 trillion stimulus plan, total spending earmarked for COVID-19 relief now come comes to around $6 trillion. That’s roughly $41,870 …

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Debt as Rocket Fuel

April 5, 2021 It seems the U.S. economy is set to take off. The Commerce Department reported in February that fourth quarter 2020 gross domestic product (GDP) rose 4.1 percent, which was stronger than anticipated. As a result, many forecasters are raising their growth expectations for 2021. Goldman Sachs just increased its GDP forecast to …

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