The tide has turned in the economy. Jobs are coming back and Americans are returning to work. The latest figures make it clear that the nation is on the road to recovery, with a substantial decline in unemployment. In keeping with the trend under President Trump of surpassing expectations, the jobs report blew previous predictions out of the water. Instead of 8 million additional lost jobs, as some predicted, gross employment rose by more than 2 million jobs, and unemployment fell to 13 percent. What could be next?

Congress has already passed relief packages totaling $3.6 trillion in response to the coronavirus pandemic. It may soon spend trillions more bailing out the U.S. Postal Service in addition to the airlines and city and state governments that have for so long embraced fiscal irresponsibility. Strange priorities in a crisis.

The Senate gave final legislative approval Wednesday afternoon to the $100 billion Families First Coronavirus Response Act and President Trump is expected to quickly sign it into law. But the cost of this bill pales in comparison to emergency economic assistance legislation that could cost $1 trillion or more.

When acting White House chief of staff Mick Mulvaney tore into Republicans for hypocritically voting to increase spending for the past three years after railing against high deficits during the Obama years, he was simply echoing a sentiment deeply held for years by the grassroots. Citing the “extremely disturbing” $1 trillion deficit, Mulvaney hit the nail on the head.