Cascadia's Managing Director Reacts to $1.9 Trillion Stimulus Package
In the short term, both the stimulus and re-openings at the state and local level will have a positive impact on the economy. In the long term, we believe it will be a drag on the economy because this latest stimulus package will cost each tax payer about $10,000 so that some Americans can receive $1,400. Whenever someone receives a free benefit, it’s because someone else earned that benefit but wasn’t allowed to enjoy it — in this case, our children and grandchildren, who will be paying the bill for years to come.
