Trump and the Republican Fiscal Chorus have been saying for quite some time now that the only things that matter are the economy and the stock market, as in, how well are the billionaires doing? The Party of Holy Fiscal Prudence has been very resistant to financial relief to Americans struggling from the effects of the pandemic, because hey, billionaires don't need it, and their taxes could increase by one or two percent. No gold leaf exterior on next year's Gulfstream jet!
But...but...but...it seems that the near-certain prospect of substantial pandemic relief has caused the stock market to shoot upwards--especially after Trump came down to Georgia and helped the Democrats take the Senate! Projections are that relief packages could increase 2021 GDP by as much as 2%. Could it be that "fiscal prudence" is actually a lousy idea right now?
It's also been noted that historically low interest rates have made it possible for the US government to borrow at very low cost---US government debt is still the cheapest (for the borrower) in the world. So we may increase the deficit, the stock market is going up, and the economy is going to get a huge shot in the arm.
What's a fiscal conservative to do, anyway???