Quote:
Originally Posted by ajjohnsonsoxfan
All in all, I think the government did a pretty remarkable job given the circumstances in 2020/2021 to safeguard individuals and small business and keep the economy humming. There would have been no way to vet everyone in a timely manner to get the money out to make a difference. The blanket strategy was the only way it could have gone. We'd be in a far worse spot right now if no stimmy was given.
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And the national debt only increased by 5 trillion dollars.
With impending inflation, spurred by this massive infusion of newly created dollars, the interest we'll be paying on the pre-existing debt, plus the interest on this new 5 trillion debt, will be a hefty burden on our federal budget forever.
Or, until our currency collapses under the weight of all this reckless debt.