Knowing that the trillions spent on pandemic relief will accelerate the growth of the federal debt, we can ask where we will get money.
How Do You Spend a Stimulus Check?
Several months ago we looked at how recipients spent the money they received from the March 27 CARES Act. Now, with a new NY Fed survey that is more up-to-date, we can predict the response to the Biden proposal for…
How to Pay For a $1.9 Trillion Package
Through massive pandemic aid, the 2020 CARES Act ballooned the federal deficit. With spending far exceeding revenue, the difference was $2.8 trillion: Now, President-elect Biden has proposed a new $1.9 trillion relief package. It includes payments to Americans who…
Where Stimulus Cash Was Spent
As we plan new stimulus spending, we can look back at the CARES Act to see how recipients used their money.