In the “nothing new under the sun” department, President Biden has been arguing since last summer that his multi-trillion-dollar spending proposals will reduce inflation and budget deficits. See Biden Argues Massive Government Spending Will Help Fend Off Inflation, Not Exacerbate It (July 19, 2021); and Biden Emphasizes Deficit Reduction in Bid to Pass Economic Agenda (March 18, 2022).
It seems like only yesterday that I was posting links to the financial crisis legislation of 2008-9. Here we go again.
So far, we’ve had three bills to deal with the coronavirus epidemic and its economic consequences:
- HR 7048, the “Coronavirus Aid, Relief, and Economic Security Act” (a/k/a the “CARES Act”), March 27, 2020. Wikipedia summary, full text PDF.
- HR 6201, the “Families First Coronavirus Response Act,” March 18, 2020. Wikipedia summary, full text PDF.
- HR 6074, the “Coronavirus Preparedness and Response Supplemental Appropriations Act,” March 3, 2020. Wikipedia summary, full text PDF.
Careful printing the CARES Act—it’s over 300 pages.
And then there were four:
- HR 266, the “Paycheck Protection Program and Health Care Enhancement Act,” April 24, 2020, full text PDF.
- HR 7010, the “Paycheck Protection Program Flexibility Act,” June 5, 2020, full text PDF.
- HR 1319, the “American Rescue Plan Act of 2021, March 11, 2021, full text PDF.
The text of the bill and a summary of the new rates:
Here are links to the official version of the financial reform bill—which is officially titled the “Dodd-Frank Wall Street Reform and Consumer Protection Act”—as signed into law on July 21, 2010:
Here are links to the official versions of the health care bills, as signed into law:
- The main health care bill—which is officially titled the “Patient Protection and Affordable Care Act of 2010” (enacted March 23, 2010):
- The reconciliation bill—which is officially titled the “Health Care and Education Reconciliation Act of 2010” (enacted March 27, 2010):
Here are links to the official versions of the bailout and stimulus bills, as signed into law:
- The bailout bill—which is officially titled the “Emergency Economic Stabilization Act of 2008” (enacted October 3, 2008):
- The stimulus bill—which is officially titled the “American Recovery and Reinvestment Act of 2009” (enacted February 17, 2009):