FREE MONEY…. would you give it back?
You may question the wisdom of the recent congressional passage of a massive stimulus bill. You may wonder when the fact that some one some day will have to pay for the 1.9 trillion dollar federal outlay will sink in. You may be upset that only about 9 percent of the money authorized in the spending plan is earmarked for individuals and businesses impacted by the pandemic. But there’s no doubt that the 14 hundred dollar per-person checks authorized in the plan will provide the area economy with a big shot in the arm: actually a giant dose of steroids. Residents of Allen, Auglaize, Van Wert and Putnam counties will share in a total of at least 200 million dollars from Washington. Some people will use the money they didn’t expect to pay for necessities, to make rent or mortgage payments or pay off debt, but millions of dollars will certainly be left for folks to make discretionary purchases. The infusion of cash from Uncle Sam comes at a time when many business owners are still trying to recover from the year-old impacts of the coronavirus pandemic. Many of my conservative friends bemoan the size of the latest congressional stimulus package and it’s impact on the size of our growing national debt, but so far I haven’t heard from anyone that they plan to send the money back. That’s the way I see it.
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