Per agenda item for up to two minutes. Item number 1, call to order. Director tsen. Director tsen, youre muted. Here. Clerk director dunlop. Here. Clerk director richardson. Here. Clerk director kwon. Here. Clerk director shifrin. Here. Clerk supervisor haney. We do have a quorum. Good. Thank you. Thank you, directors, for joining us. I know sometimes its technical difficulties with this technology. But i hope that well be able to get through the agenda quickly and efficiently. Thank you all for being here. The last Board Meeting was in october. And what a difference a month makes. Now that were in november. We have a new president elect. So it is, i hope okay. So lets go forward with the first item. Clerk item number 2, general Public Comment. This item is to allow members of the public to address the Treasure Island Development Authority board on matters that are within the subject matter jurisdiction of the Authority Board and that do not appear on todays agenda. In addition, to gen
Does he have the ability to do this, do you agree with the decision . Sen. Schumer i agree with the decision and i know that he will check things out legally. Thank you, everybody. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] a we take you live to discussion on fiscal policy in the Incoming Biden Administration and congress, hosted by the brookings institution. Size i think is ambiguous and policy occur through a political process. I would rather see something that is a little bit smaller but that could pass this week or next week, rather than wait for something that is a little bit until, but will not pass february. If you look at the output gap, i think a trillion dollars is a reasonable figure for the next round of stimulus. I think democrats should be willing to take a couple hundred billion dollars less than that. Republicans should be willing to take a couple hundred billion dollars more
With the cares act in march and prevented the covid pandemic from doing even more harm to the economy and welfare of americans than it did. The cares act is essentially been spent, many people are about to lose benefits. Unless Congress Acts. And unless Congress Acts fiscal policy soon will be a drag on growth. They are still more than 11 Million People still unemployed by the official count. Most economists and certainly those gathered here today agree more fiscal support is necessary. Following that discussion, we turn to an issue predating the pandemic him one that persists. How to think about the federal debt and very low Interest Rates. Its growing and unsustainable rate. There is sentiment among comp economists for doing anything about that right now. When is a debate about how and how best to address that Going Forward. Had to balance the risk and cost. And too little Public Investment. We look at that issue with the paper posted on our website. By two veterans of economic polic
And you may begin your comments. You may address the board once per agenda item for up to two minutes. Item number 1, call to order. Director tsen. Director tsen, youre muted. Here. Clerk director dunlop. Here. Clerk director richardson. Here. Clerk director kwon. Here. Clerk director shifrin. Here. Clerk supervisor haney. We do have a quorum. Good. Thank you. Thank you, directors, for joining us. I know sometimes its technical difficulties with this technology. But i hope that well be able to get through the agenda quickly and efficiently. Thank you all for being here. The last Board Meeting was in october. And what a difference a month makes. Now that were in november. We have a new president elect. So it is, i hope okay. So lets go forward with the first item. Clerk item number 2, general Public Comment. This item is to allow members of the public to address the Treasure Island Development Authority board on matters that are within the subject matter jurisdiction of the Authority Bo
Appear remotely via webex. Since some members are appearing in person let me first remind eastern that pursuant to the latest guidance from the house attending physician, all individuals who are attending this hearing in person must wear a Face Covering. Members who are not wearing a Face Covering are not permit today remain in the hearing room and will not be recognized to speak. Let me ask make a few reminders of the hearings. For those members appearing in person you will be able to see members appearing remotely on the two monitors in front of you. On one monitor, you would see all members appearing remotely at once in what is known in w webex as mode. And on the other monitor seeing the person when theyre speaking, including members who are appearing remotely. For those members appearing remotely, you can also see each person speaking during the hearing as well as in person or remote if you have your webex set to active speaker mode. If you have any questions about this, please co