Rep. Tim Ryan (D-Ohio 13th District) said on Friday that the $1 trillion stimulus package currently being negotiated by lawmakers won't be nearly enough to make Americans whole again.
"Quite frankly I think the package that we're seeing coming out of Washington, DC is not even close to meeting the big need that we have," Ryan told Cheddar. "I think we need to be talking more like $2 trillion than $1 trillion, and at least a trillion for the workers."
The former Democratic primary candidate also advocated for bolstering unemployment insurance to ensure that people are making the same amount they did before their jobs.
"These are really essential things to keep the workforce safe, so when we go to kickstart things back up again, they're ready to slide back into the jobs that they lost," he said. "We need to be thinking much, much bigger and in much more innovative ways."
One important thing to keep in mind about this economic crisis, Ryan added, is that federal investment, in this case, won't grow the economy but merely keep it solvent, which may be difficult to swallow for those seeking a return on their investment for any kind of stimulus.
"This isn't like the Great Depression where you put money in people's pockets and then they go out and buy stuff," he said. "Now you're giving people money and basically saying pay your rent, pay your mortgage, pay your auto loan, and then buy food because you can't go anywhere."
The representative also believes the current package is skewed toward companies rather than workers and doesn't want to bail out companies without specific conditions banning stock buybacks or corporate bonuses.
"This is revealing the kind of corruption and rotting of the supply-side economic theory," he said. "The same people that just got the huge tax cuts are coming to the taxpayer to ask us to bail them out. So they get all the profits, and then they socialize the losses."
U.S. Vice President Kamala Harris announced Thursday that the U.S. is investing more than $100 million in the Caribbean region to crack down on weapons trafficking, help alleviate Haiti’s humanitarian crisis and support climate change initiatives.
At Cleveland's Urban Kutz Barbershop, customers can flip through magazines as they wait, or help themselves to drug screening tests left out in a box on a table with a somber message: “Your drugs could contain fentanyl. Please take free test strips.”
President Joe Biden on Thursday condemned a wave of “cruel” and “callous” state legislation curbing the rights, visibility and health care access of LGBTQ+ people, while causing the community to feel under attack for being who they are.
Pat Robertson, a religious broadcaster who turned a tiny Virginia station into the global Christian Broadcasting Network, tried a run for president and helped make religion central to Republican Party politics in America through his Christian Coalition, has died. He was 93.
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Mike Pence opened his presidential bid with an unusually forceful critique of former President Donald Trump over Jan. 6, his temperament and abortion on Wednesday as he became the first vice president in modern history to challenge his former running mate.
Former New Jersey Gov. Chris Christie wasted no time going after Donald Trump while launching his presidential campaign on Tuesday, calling the former president and current Republican primary front-runner a “lonely, self-consumed, self-serving mirror hog" and arguing that he's the only one who can stop him.
Saying gender identity is real, a federal judge temporarily blocked portions of a new Florida law that bans transgender minors from receiving puberty blockers, ruling Tuesday that the state has no rational basis for denying patients treatment.
With concerns about misinformation spreading online, European Union officials want to more closely regulate artificial intelligence, and they're asking the world's biggest tech companies for help.
Sens. Elizabeth Warren, Ron Wyden, Ed Markey, and Mazie Hirono sent a letter to top officials at Twitter expressing their concerns over the platform's privacy policy.
