Biden’s Stimulus Should Stay the Course - Jason Furman

January 25, 2021, Opinion: "President Biden has proposed a bold and ambitious $1.9 trillion plan for economic recovery. The plan would benefit from one important change: It should be contingent on the pace of recovery. The Biden plan provides substantial support for the economy through the end of September but essentially ends on that date. It could be improved by including provisions that automatically continue assistance as long as the economy is weak and needs it. In exchange, these provisions could also phase out aid more quickly than Mr. Biden proposes if the economy rebounds faster than expected. Most important, this recession insurance should be made permanent to mitigate future recessions."