Question

There has been a lot of discussion about the COVID-19 Stimulus response bills that have been recently passed by Congress and signed by the President. What arguments would you raise for or against providing such federal support for the public? Please provide any sources that you choose to use to support your arguments.

Answer 1

Covid-19 stimulus bill has been provided by the United State government in order to support the general public from adverse effect arising out of contagion effects due to coronavirus.

There is an expectation of impending recession because the Global growth has been devalued on the Global weak demand and is expected to shrink furthur. The fed has cut the interest rates to zero and the government has announced the stimulus package for the people which will help them to pay out their medical bills amid such chaotic situation.

Such bills are important because the government needs to bail out its people in such tough Times when there is a prolonged lockdown and the authority to collect taxes is government,the one who must be bailing out in such situations by announcement of stimulus must be government. It should share the load of the general public because the unemployment is high and expenditures are also showing up so the government needs to share the burden of people in such chaotic Times .

I am an advocator of a stimulus package which helps the overall society rather than a certain section of society. Introduction of stimulus package in such adverse economic situations is really encouraging for people who are missing out on their daily expenditures so that the economy could be strong enough to take any kind of health shock..