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 Federal government in order to help general public from protecting them against adverse situations arising out of Corona virus pandemic.

United State has imposed a lockdown and business are not physically operational so there is an expectation of of impending recession because the growth projection has been cut down on weak demand and is expected to to shrink further. Federal Reserve has cut the interest rates and government has announced the stimulus package for the people which will help them to pay out their medical bills amid such contagious situation.

Sach stimulus packages are important because the central government needs to bail out its people in such tough times when there is lack of growth and wide unemployment all across the nation. The central government is the one who is the authoritarian to collect taxes and it must be the one who need to share the burden of general public in such situations when the unemployment is high and expenditures are also showing up.

I believe in the philosophy of providing with stimulus package because it helps the overall society rather than a certain section of society.introduction of stimulus package in such adverse economic situation is really encouraging for people who are missing out on their daily expenditure so that the economy could be strong enough to take any kind of health shock.