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The Fundamental Economic Problem With Biden s Rescue Plan

March 31 gave us a statement on the American Jobs Plan, and April 28 saw President Joe Biden speak on it to the American people (well, roughly 8 percent of the American people). The goal of the law is the following: While the American Rescue Plan is changing the course of the pandemic and delivering relief for working families, this is no time to build back to the way things were. This is the moment to reimagine and rebuild a new economy. The American Jobs Plan is an investment in America that will create millions of good jobs, rebuild our country’s infrastructure, and position the United States to outcompete China. Public domestic investment as a share of the economy has fallen by more than 40 percent since the 1960s.

The Fundamental Economic Problem with Biden s Rescue Plan

March 31 gave us a statement on the American Jobs Plan, and April 28 saw President Joe Biden speak on it to the American people (well, roughly 8 percent of the American people). The goal of the law is the following: While the American Rescue Plan is changing the course of the pandemic and delivering relief for working families, this is no time to build back to the way things were. This is the moment to reimagine and rebuild a new economy. The American Jobs Plan is an investment in America that will create millions of good jobs, rebuild our country’s infrastructure, and position the United States to outcompete China. Public domestic investment as a share of the economy has fallen by more than 40 percent since the 1960s. The American Jobs Plan will invest in America in a way we have not invested since we built the interstate highways and won the Space Race.

Biden brings back welfare

  The fight over welfare is back. The COVID relief bill creates a new $100 billion program that will send no-strings monthly checks to parents whether or not they  ever work. But it does this for only a year. That s the first of several clever ways Democrats disguised the impact of the program. It let them claim that the checks were temporary pandemic aid. By the time Democrats move to make it permanent – which they will – they hope constituents will be accustomed to getting the monthly cash. The second trick was billing the plan as an expanded child tax credit, leading most people to think that it s just a generous version of the existing credit, which refunds money only to people who pay taxes or earn some income. That s not what the new version does. Cash goes to everyone with a child, income or not. If they don t owe taxes, the money s sent to them directly. Have a kid, get a check. Just like the old, hated Aid to Families with Dependent Children (AFDC) welfare

Decades-old sloppy analysis fuels mistrust of child allowances

Allocations for Health in Union Budget 2021–22

  Last month, Union Finance Minister Nirmala Sitharaman made a statement that the 2021–22 budget would be historic, which we had “never before” one that would pitch India into becoming the engine of global growth. The  Economic Survey 2020–21, presented in Volume 1, devoted an entire chapter, “Healthcare Takes Centre Stage, Finally!” to health, underlining the importance of public healthcare and health expenditure in improving life expectancy, reducing maternal and child mortality, and the impact of the government spending on decreasing out-of-pocket expenditure (OOPE). The high OOPE spins a vicious circle of poverty, which results in poor health outcomes. Seemingly, the Government of India acknowledged the significance of healthcare and has shown a commitment to strengthen the health system (health financing, health infrastructure and human resource, and health management information) at least in documents, that is, the National Health Policy (NHP) 2017 and the es

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