The U.S. is getting deeper and deeper into the debt hole. Another blow was struck by a new anti-crisis bill to support Americans.
It will amount to another $3 trillion. It includes incentive payments to Americans, unemployment insurance, new rent subsidies and mortgage payments. In addition, $200 billion will be directed to a special fund to support those at high risk in the fight against coronavirus.
The idea is wonderful. But to implement it, the U.S. Treasury is back in debt. In summer, the U.S. debt will grow to $30 trillion and it will be very difficult to serve it.