VP-elect Biden said during an interview today that the "...economy is in danger of absolutely tanking" and would take another stimulus (in the range of $600-700 billion) to get things back on track.
I would like to know if this will involve borrowing more money from China.
Because if it does, then I am absolutely opposed to this move. We CANNOT afford more debt. They should be doing these stimuli from money they already have in the bank from taxes. They need to be PAYING DOWN the debt, not increasing it.
The cumulative effect of all this debt will lead to the end that Biden is currently predicting, and the bill WILL come due eventually.
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