Well over a year after the arrival of the COVID-19 virus, the fiscal cost of fighting the economic effects of the pandemic and its associated lockdowns has been tremendous. For a country that already struggled with the concept of fiscal responsibility, even more extraordinary levels of deficit spending than usual have proven a hard habit for Congress to kick. Now, if there was any doubt left that Democrats are the party of fiscal irresponsibility, the dividing line between the party’s “progressives” and “moderates” exists not in whether or not to pass two bills totalling an additional $4.5 trillion, but in what order to pass them.
Read the full story here.