Joseph Stiglitz on the Pandemic Economy & Why He Backs Sanders’ Filibuster for $2000 Stimulus Checks

Democracy Now!

Dec 29, 2020

The House of Representatives has voted to approve a measure that would increase stimulus checks from $600 to $2,000, sending the bill to the Senate, where its fate is uncertain. Independent Senator Bernie Sanders has said he will filibuster to delay an override on President Trump’s veto of this year’s $740 billion defense spending bill unless the Senate also holds a vote on the $2,000 checks. At least 12 Republicans would need to join with the Senate’s 48 Democrats to reach the necessary 60 votes to approve the increased payments. Nobel Prize-winning economist Joseph Stiglitz says Senate Majority Leader Mitch McConnell is standing in the way of not just expanded stimulus payments, but a whole range of policies he has refused to bring to the floor of the Senate. “We think of ourselves as a democracy, but this one person has blocked the ability of the Senate to go on record of saying whether they’re for or against a whole variety of measures that large numbers of Americans think are important,” Stiglitz says. He also discusses the global economic crisis.

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