President Biden signed the American Rescue Plan Act into law earlier this week, the celebrations and messaging start today. It’s a massive spending package with ambitions that would have seemed off the map of the terms of the debate during the previously massive 2009 ARRA Act and the past decade overall. The $1.9 trillion package has important anti-poverty and Covid-relief provisions but also covers things like pension bailouts, taxes on student loan forgiveness, mass transportation, and a host of other things. Elections have consequences, as they say, and the Democrats are making a big bet here.
