In 2020 the world was hit by the global COVID-19 pandemic, and Congress spent $2.4 trillion to support business and individuals. Here is an article detailing everything they spent our money on. https://www.pgpf.org/blog/2021/03/heres-everything-congress-has-done-to-respond-to-the-coronavirus-so-far This spending would add 15% or more of current US GDP to the federal debt of the United States.
Here is an article on the Federal Reserve’s response to the COVID-19 epidemic. https://www.brookings.edu/research/fed-response-to-covid19/ They are lending $2.3 trillion to businesses and maintaining near-zero interest rates
Do you think these are the best US government response to the crisis? Do you propose some other response? If so, what? Please use outside sources to support your position.
(Please keep in mind that education spending is largely left to state and local government — the federal government merely sets standards and regulates it. The federal government applies a similar regulatory logic to environmental spending, with most spending done by private corporations (with negative externalities picked up by the healthcare system as well as non-GDP costs such as environmental destruction).
