Recently president Trump attempted to gain authorization to distribute $2,000 pandemic stimulus checks to close to half our population.  Fortunately the Senate refused to approve the measure, although a round of $600 checks was approved and is currently being distributed.  Now, President-Elect Joe Biden has promised to issue a round of $2,000 checks as soon as he gets on board.

While I am a huge fan of Biden’s, I believe he is totally wrong on this one.  I believe that mass distribution of stimulus checks of any amount constitutes a wasteful shot-gun approach that will provide an unnecessary windfall to millions of Americans who don’t need these funds.

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In reality, any national debt increase results in passing an additional burden on to our children and future generations.  The price tag for Biden’s proposed $2,000 distribution checks will be roughly $435 Billion, a huge deficit increase.  There must be a better way to target financial assistance to Americans faced with overwhelming financial hardship posed by this pandemic.

If you do happen to receive a future $2,000 stimulus check from the Biden administration, unless you urgently need these funds I urge that you either give the funds to persons in need or donate them to charity.

 

 

 

 

 

 

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