Dr. Chhoda answers the question “Should we be worried about the skyrocketing federal debt?” and also addressed the impact of sending out TWO stimulus checks of $1200 per year for the next 10 years on the national debt.
We have borrowed trillions to finance the debt associated with the CARES Act (and any future stimulus bill), and we analyze the long term implications of this rising debt and how the $1200 stimulus checks fit in with the big picture.
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Reference:
https://www.washingtonpost.com/us-policy/2020/09/02/government-debt-economy-coronavirus/
https://twitter.com/JStein_WaPo/status/1301235814085668865?s=20
https://twitter.com/JStein_WaPo/status/1301231316965429249