The Front Page
Morning Briefing
Thursday, March 18, 2021
For the first time ever, I found the pot of gold on St. Patrick’s Day when the stimulus monies dropped into my bank account.
Actually, so did the Biden administration. Politico reported Wednesday that the $1.9 trillion hit on the U.S. Treasury might not be as bad as Republicans feared.
Steve Mnuchin, the former secretary of the treasury under President Trump, cranked up the pace of government borrowing nine months ago in case Congress passed a big relief measure. Politico explained that allows the U.S. government a little bit more of a cushion when it comes to its future borrowing to fund the new relief plan.
It also shows that the Trump administration was also aware that a huge new relief bill would probably be needed.
What it ultimately means is that the Biden administration already had $1 trillion of the $1.9 trillion to fund the relief plan in the bank. That’s why checks are hitting so quickly.
The hope is that the early borrowing will help to stabilize the economy for the year ahead.
Last Chance U
Technically, “Last Chance U” is a Netflix reality show, but I liken it more to a sports documentary. If you like sports, I recommend it highly.
Starting with college football, “Last Chance U” focused its cameras on three schools few had ever hard of - East Mississippi Community College, Independence Community College in Kansas and Laney College in Oakland, Calif.
These were the stories of the kids who washed out of Division I programs because of grades, drugs or trouble with the law. Sometimes all three. More importantly, it tells the stories of the coaches and faculty trying to help them with that “last chance.”
“Last Chance U” for college basketball just dropped recently with the focus on East Los Angeles Community College.
If you like sports, if you like the human drama of kids trying to turn their lives around, check out “Last Chance U.” There’s some pretty great sports action, too.
Filibuster
Just one person’s opinion, but I think most regular folks believe that laws are passed with a simple majority in the Senate, not 59. That’s democracy.
Congress has to do something. If they have no motivation to compromise, then go with a simple majority.