Insight - Can Biden clean up the mess with more debt?

Is Biden’s US$1.9 trillion stimulus package this year too much for comfort? From a global strategic perspective, the real issue is not further quarrels between the United States and China.The key is whether Biden can turn around US long-term competitiveness damaged by four years of Trumpian fumbling on top of Congressional focus on short-term issues, rather than long-term infrastructure and structural weaknesses

THE pandemic has left us a terrible mess to clear up. What policies will get us out of the huge debt that we have incurred to pay for the health, wealth and job crises?

Twenty-twenty was a year of terrible devastation, cushioned only by massive government spending. Aside from the favourite sport of blaming China for everything, each country will have to concentrate on the tough business of getting their economy back to a more even keel. The latest Organisation for Economic Cooperation and Development (OECD) economic outlook showed how bad the situation has become.