How will US pay for $2 trillion stimulus package?

Image Credit: White House

Mega Doctor News

President Donald Trump on Friday afternoon signed a $2 trillion stimulus deal aimed at softening the economic impact of the novel coronavirus. That’s a whole lot of money, especially if you’re among the 83% of Americans who told Peterson Foundation pollsters last year that politicians should try to lower the U.S. debt.

Yet a growing number of economists and other experts think that, at least for now, the nation’s debt isn’t a problem. Even the Peterson Foundation, which has long argued for paying down public debt, recently came out in favor of federal stimulus spending to fight the coronavirus recession. So, too, has Kenneth Rogoff, the Harvard economist who in 2009 co-wrote a seminal history of financial collapses that warned about the risks spiraling national debt. 

Read more, follow the link: