You have to spend “some money to reopen the economy”, – said the American leader.
U.S. President Donald Trump said he was not concerned about the rising public debt of the United States due to the allocation of trillions of dollars to combat the effects of the new coronavirus pandemic.
“We had to solve this problem, we were attacked, it was an attack. <…> No one saw anything like it”, – Trump said Wednesday at a White House briefing, answering a question from a journalist.
“We had the greatest economy in world history <…> We have built it in the last 3-3.5 years. Then one day they came and said that we should close it down. <…> Now we are going to reopen it, we are going to be just as powerful or even more powerful [in economic terms], but we have to spend some money to reopen it. We saved our airlines, <…> we saved a lot of companies”, – continued the head of the Washington administration.
“We’ll be bigger, better and stronger than ever before. So, no, it doesn’t bother me”, – the president summed up.
Trump on March 27 signed a law on economic stimulus measures worth more than $2 trillion to deal with the effects of coronavirus proliferation. The document provides for the payment of unemployment benefits, assistance to hospitals, assistance to business and entire industries. Before that, the legislators allocated $8.3 billion to the American administration to contain the pandemic. On Tuesday, the U.S. Senate approved another package of almost $500 billion. The House of Representatives is expected to vote on the bill on Thursday.
Earlier The Washington Post reported that the U.S. national debt and the debts of U.S. corporations will rise to record levels this year amid the spread of the new coronavirus, which, according to experts, will create risks for the economy after the end of the pandemic. According to the forecasts, which the publication cited, the federal budget expenditures this year will exceed revenues by $4 trillion.