Many people were very excited about their stimulus checks this year. Now according to Business Insider, Biden is declaring that Congress needs to give out more stimulus checks.
President-elect Joe Biden urged lawmakers to quickly pass a coronavirus relief package on Tuesday, saying people and small businesses are in immediate need of federal assistance.
“One of the urgent things that need to be done is people need relief right now — right now: small businesses, people who are about to be evicted from their homes because they can’t pay their mortgage, unemployment insurance,” Biden said at a press conference.
He said a “failure” to provide cash-strapped state and local governments with additional money could lead to layoffs of first responders and firefighters.
“I would hope the president at least has the sensitivity and knowledge to know a lot of people are in real trouble right now — between now and the time we get sworn in,” Biden said.
The president-elect said both Senate Minority Leader Chuck Schumer and House Speaker Nancy Pelosi “know my views” and indicated he’s been communicating with them on economic-relief planning. (source)
I honestly believe that Biden will do this, and as I have stated, this is a fiscal disaster and will lead to the destruction of the currency. However, taken from the perspective of strategy- as I have repeatedly emphasized -this works to the Republican’s benefit because eventually, a president and a party will get stuck with the hot potato of the debt, and whoever it stops on will suffer long-term political repercussions.