“Former President Donald Trump’s administration paved the way for the federal government to quickly deliver the $1,400 stimulus checks in President Joe Biden’s $1.9 trillion American Rescue Plan by leaving behind a massive cash pile in preparation for further relief spending.
Under the Trump administration, then-Treasury Secretary Steven Mnuchin preemptively increased government borrowing and amassed well over $1 trillion, according to Politico. The rainy-day fund was accumulated in preparation for possible future relief measures due to the uncertainty of the economy amid the pandemic.”
What might be the consequences, the implications, the facts?
2 replies on “Okay, this is interesting.”
Essentially the Biden admin is riding the coattails of the Trump admin.
What surprises me is that Newsweek seems to be publishing an article that seems to be in support of Trump.