Stephanie Kelton— As Congress Pushes a $2 Trillion Stimulus Package, the “How Will You Pay For It?” Question Is Tossed in the Trash

Throughout the Democratic presidential primary, Vermont Sen. Bernie Sanders and Massachusetts Sen. Elizabeth Warren offered a slew of robust proposals to reshape the American economy. Yet the Democratic presidential primary hardly engaged with questions of whether that restructuring was wise, who would benefit, and who would lose. Instead, the debate was dominated in no small part by a single question: “How will you pay for it?”

On Friday, the House of Representatives, led by Speaker Nancy Pelosi who regularly dismissed the ideas put forward by Sanders and Warren as unrealistic, waved away that question, preparing to rubber-stamp a $2 trillion Senate package aimed at staving off economic collapse amid the coronavirus pandemic....

The Intercept
As Congress Pushes a $2 Trillion Stimulus Package, the “How Will You Pay For It?” Question Is Tossed in the Trash

Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the presidential campaign of Senator Bernie Sanders