CNBC Article on Stimulus Payments Quotes Wayne Winegarden

Title: Are second $1,200 stimulus checks coming? Here’s what we know
By: Lorie Konish, CNBC

Capitol Hill has come to a standstill following heated discussions last week on what to include in the next coronavirus stimulus package.

One thing they did seem to agree on was another set of $1,200 checks to Americans, similar to the payments that went out this spring.

While Treasury Secretary Steven Mnuchin has said he wanted to start getting those second checks out this month, that seems more and more unlikely the longer that Congress fails to seal a deal. . .

. . .

“We need to prioritize making sure there’s enough cash that the businesses can hang onto their employees, that families that have lost their jobs can get through these times,” said Dr. Wayne Winegarden, senior fellow at the Pacific Research Institute.

“Every dollar that you spend not doing that is a waste, is not helpful for the recovery, and makes it that much more difficult to help those who need help,” he said. . .

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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