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  • When economists look back on the pandemic, I expect they'll conclude the Congress's actions averted a lot of suffering.

  • But more must be done.

  • Economists don't always agree, but I think there is a consensus now without further action, we risk a longer, more painful recession now and longer term scarring of the economy later, the pandemic has caused widespread devastation.

  • Over the next few months, we're going to need more aid to distribute the vaccine, to reopen schools, to help states keep firefighters and teachers on the job.

  • We'll need more funding to make sure unemployment insurance Jack's still go out and to help families who are at risk of going hungry are losing the roof over their heads.

  • Neither the president elect nor I proposed this release relief package without an appreciation for the country's debt burden.

  • But right now, with interest rates to historic lows, the smartest thing we can do is act big in the long run.

  • I believe the benefits will far outweigh the costs, especially if we care about helping people have been struggling for a very long time.

  • People worry about K shape recovering, but will before covert, 19 infected a single American we were living in a case shaped economy.

  • One.

  • We're wealth built upon wealth while working families felt farther and farther behind.

  • This is especially true for people of color.

  • Members of the committee thes air, very ambitious goals.

  • And I know we will need to work together.

  • You can count on me to do that in a bipartisan way.

When economists look back on the pandemic, I expect they'll conclude the Congress's actions averted a lot of suffering.

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B1 wealth economy risk yellen longer devastation

Treasury nominee Yellen says 'act big' on stimulus

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    林宜悉 posted on 2021/01/20
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