Lissigument for Chapter Five It is \"acknowledged\" that our economy wasi'is being bounced around by the pandemic since early 2020. The Federal government of the United States since that time has been spending much more money than it brings in revenue. - Explain the goal of decit spending by the Federal government when the country and economy is ced with a crisis such as the pandemic. II How does this conrmed decit spending by Congress and the President t [or not) with Keynesians and! or Monetarists'? This assignment should be saved as a Word document when submitted to your dropbu: in DEL. Please remember to cite your work even if it is just the test and or the articles below. Stimulus Checks Substantially Reduced Hardship, Study Shows Researchers found that sharp declines in food shortages, nancial instability and anxiety coincided with the ten most recent rounds of payments. WASI-DNGTDN WWebb resumed an old habit: serving her children three meals a day. Corrine Young paid the water bill and stopped bathing at her neighbor=s apartment. mm Ray cried, thanked Jesus and rushed to spend the money on a medical test to treat her cancer. In offering most Americans two more rounds of stimulus checks in the past six months, totaling $2,000 a person, the federal government eectively conducted a huge experiment in safety net policy. Supporters said a quick, broad outpouring of cash would ease the economic hardships caused by the coronavirus pandemic. Skeptics called the policy wasteful and expensive. The aid followed an earlier round of stimulus checks, sent a year ago, and the results are being scrutinised for lessons on how to help the needy in less extraordinary times. A. new analysis of Census Bureau surveys argues that the two latest rounds of aid signicantly improved Americans' ability to buy food and pay household bills and reduced anxiety and depression, with the largest benets going to the poorest households and those with children. The analysis offers the fullest look at hardship reduction under the stimulus aid Among households with children, reports of food shortages fell 42 percent om January through April. A broader gauge of financial instability fell 43 percent. Among all households, equent anxiety and depression fell by more than 20 percent. While the economic rebound and other forms of aid no doubt also helped, the largest declines in measures of hardship coincided with the $600 checks that reached most people in January and the $1,400 checks mostly dishibuted in April. \"We see an immediate decline among multiple lines of hardship concentrated among the most disadvantaged families," said H. Luke Shaefer, a professor at the University of Michigan who co authored the study with a colleague, Pabicl-z Cooney. Given the scale of the stimulus aid a total of $535 billion a reduction in hardship may seem like a given, and there is no clear way to measure whether the benets were worth the costs. The study does not address the critics' main complaints, that the spending swelled the decit, that rrmch of the money went to economically stable families who did not really need it and that the checks were part of a pattern of aid over the last year that left some people with less incentive to ndjobs. Some analysts say hardship would have fallen anyway as _a_ _re_sult_ gfjob growth and other safety net programs- Still, the aggressive use of stimulus checks coincides with growing interest in broad cash payments as a tool in social policy, and the evidence that they can have an immediate effect on the eoonomic strains afflictmg many households could inuence that debate. Starting in July, the government will mail up to $3M a month per child to all but the most afuent families in a yearlong expansion of the child tax credit that Democrats want to make permanent. 1While the ability of cash payments to reduce hardship might seem obvious, Mr. Shaefer pointed out that the hardship reductions vindicated the use of broad cash rehef. While other forms of pandemic aid have been better targeted, some have taken many months to distribute and can be used only for dedicated purposes like food or housing. \"Cash aid offers families great exibility to address their most pressing m getting it out quickly is something the government knows how to do," Mr. Shaefer said. Extrapolating hm the survey data, he concluded that 5.2 million children had escaped food insufciency since the start of the year, a gure he called dramatic- The experience of Ms. Ray, a warehouse worker at a recycling company in Houston, captures the hardships that the pandemic imposed and the varied ways that struggling families have used stimulus checks to address them. Earning $13 an hour, Ms- Ray had an unforgiving budget even before business closures reduced trash collection and cut her hours by a third. Her car insurance lapsed. Her lights were shut off. She skipped meals, even with food pantry aid, and re- wore dirty work clothes to save on laundromat costs. When her daughter discovered that they owed thousands in rent, she offered to quit high school and work, which Ms. Ray forbid. A stimulus payment in January $1,2 for the two ofthem let her pay small parts ofmultiple bills and restock the eezer. 1While the ability of cash payments to reduce hardship might seem obvious, Mr. Shaefer pointed out that the hardship reductions vindicated the use of broad cash rehef. While other forms of pandemic aid have been better targeted, some have taken many months to distribute and can be used only for dedicated purposes like food or housing. \"Cash aid offers families great exibility to address their most pressing m getting it out quickly is something the government knows how to do," Mr. Shaefer said. Extrapolating item the survey data, he concluded that 5.2 million children had escaped food insufciency since the start of the year, a gure he called dramatic- The experience of Ms. Ray, a warehouse worker at a recycling company in Houston, captures the hardships that the pandemic imposed and the varied ways that struggling families have used stimulus