As the United States hits new milestones with over half a million Americans dead from COVID-19 and nearly a year of battling the virus on a national level, politicians in D.C. are negotiating a third stimulus check to help bring the economy back on its feet. However, many critics are asking: is the biggest stimulus check that America has ever seen necessary when the U.S. budget deficit is the highest it has ever been?
Adversaries are concerned that this $1.9 trillion stimulus may not bring the economy out of its disastrous state. The aid could also trigger inflation that the U.S. has not seen in a long time. Most critics are not opposed to helping struggling Americans, but many insist that it is simply too much money for too many people.
Supporters of the stimulus check insist that it would help millions of Americans pay essential bills, whether rent, childcare, or food, preventing them from eating up savings or going into more debt. Others say that it is critical help for the nearly 10% unemployed.
The stimulus includes $1400 payments for families making less than $200,000 a year or individuals making less than $100,000 a year, with extra money if one has children. It also boosts unemployment benefits an extra $400 a week and increases food stamp recipient benefits. Other benefits include rent assistance, paid sick leave, and insurance benefits. It appears, however, that supporters of the $15 minimum wage are out of luck, as the legislation to raise minimum wage will likely not be included in this stimulus.
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