A Sinclair report which focused almost exclusively on the amount of money appropriated and spent so far to address the COVID-19 pandemic in the United States misleadingly suggested that the $1.9 trillion relief package currently under considerations would come at too high a cost. Many economists, however, say that this level of spending is necessary to help those struggling during this crisis -- and indeed some believe it's not nearly enough to ease the huge economic hardship the pandemic has inflicted on our country.
President Joe Biden’s bill, called the American Rescue Plan, includes direct economic relief such as $1,400 checks for Americans, extended unemployment insurance, housing assistance, child care assistance, paid sick leave to millions more Americans, and assistance to state and local governments for help with vaccination and schools. Republican lawmakers have floated a much smaller bill -- at less than one-third the size of Biden’s proposal -- that leaves out much needed relief.
But as many leading economists have explained, Biden’s proposed spending limit is necessary to meet the challenge of the pandemic. A letter from the leaders of the National Employment Law Center, the Economic Policy Institute, the Washington Center for Equitable Growth, the Center on Budget and Policy Priorities, the Center for American Progress, and the Roosevelt Institute explained that “President Biden’s $1.9 trillion American Rescue Plan—with its critical public health investments to beat COVID-19, its aid to help struggling families, and its assistance to states, localities, tribes, and territories—is an appropriate scale of new spending under current conditions." The letter also explained that the additional relief passed in December was insufficient: