Stimulus Nearing $3 Trillion
Congress is on the verge of spending another $3 trillion in stimulus and coronavirus pandemic relief, including another defense bill appropriation, which will likely push the national debt to $28 trillion by the end of 2021. It appears an additional round of individual stimulus checks for Americans is on the table, although the amount is still being debated.
On the other hand, Nicholas Ballasy of Just the News is reporting that debate over relief funding for state and federal agencies is at an impasse and might well be left out, much to the chagrin of Democrats. Maryland U.S. Rep. Steny Hoyer told Ballasy that this stimulus package is just short term and that there will be another round early on in the Biden Administration.
“If you look at the projections, we’ve got a $3.3 trillion projected deficit by the end of this year,” Ballasy says. “And then looking forward to the end of 2021, the debt will exceed the size of the entire U.S. economy.” Here’s more from “Real America’s Voice” on Just the News.ARVE Error: need id and provider