The fiscal policy debate centered on whether or not the Federal government should significantly ramp up spending to support the economy. Senate Democrats, joined by some Republicans, pushed the President to increase “direct relief” for those facing particularly difficult circumstances. That would of course mean larger deficits and more debt, and it would mean changing the rules of the game to shift wealth from one set of players to others, rather than letting the game play out in a way that would provide good lessons to help prevent such problems in the future (i.e., the moral hazard
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