Congress passed the various pandemic laws without paying for them. The federal deficit is projected to be

Question:

Congress passed the various pandemic laws without paying for them. The federal deficit is projected to be $2.3 trillion in 2021, equaling 10.3% of GDP. This is the second largest deficit since 1945, only bested by the 2020 deficit (CBO, 2021). Even though in mid-2021 the U.S. economy is showing signs of recovery, unemployment remains high, millions of people are facing eviction, businesses are struggling to survive, and inflation fears are increasing. Were these laws the best use of resources? Does the country need additional federal aid given the ongoing pandemic? Who should be receiving aid? How will the U.S. economy recover?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Essentials Of Health Policy And Law

ISBN: 9781284247459

5th Edition

Authors: Sara E. Wilensky, Joel B. Teitelbaum

Question Posted: