When did they not request it?

The American Federation of State, County & Municipal Employees (AFSCME) launched a national ad calling for Congress to provide $1 trillion in financial assistance to states, cities, towns and school districts in the next coronavirus relief package.
The union that represents public sector workers will stress that without more funding, its members will be laid off or furloughed and schools won’t be able to open safely, according to plans first shared with The Hill.

But our favorite economists chose to can kick and the bailout denied.

This amount of debt increases middle class bank taxes beyond repair. The Association of Regular Slobs will take a big hit on this.

We all knew this moment was arriving, covid or not.

Now the hippies did the government default then the generational changeover, and it worked.  Roosevelt did a bit of the same. I suggest the New Fed meetings start, like now, before the changeover swap.  Pricing will be simpler than we think when we know the Fed will make the deal, we will have bounded some of the uncertainty.

And, of course, we need both carrot and stick to hang over the small state governors. They are the bonehead congestion points, they need to see cash to think.