COVID Relief: Our Children Will Pay For These Trillion Dollar Stimulus Packages

By John Ramos, CBS San Francisco

December 29, 2020

BERKELEY (KPIX) — The Internal Revenue Service is already processing millions of $600 stimulus checks and Americans with direct deposit could see it in their bank accounts as early as Tuesday night. The IRS will mail out paper checks starting on Wednesday.

So far this year, the federal government has spent more than $3.5 trillion on COVID-19 relief and that’s before this latest stimulus package was approved. So where is all that money coming from? The answer is: our children.

The COVID-19 stimulus bills approved by Congress are supposed to be a lifeline for the American economy, but it’s getting CPR from the Federal Reserve.

Read more at CBS San Francisco