Americans may regret coronavirus stimulus checks: Karl Rove

Rove reacted to Biden signing the $1.9 trillion coronavirus relief bill on Thursday afternoon

So I think people are going to say, OK, fine, thanks for sending out the money. But did I really need it? And what’s going to really bring this to a boil is the fact that this bill is so expensive and people are going to say, did we really need to spend 1.8 to $1.9 trillion in order to deal with an issue? Think about this, Stuart, in the bill. Vaccines have between 14 and 20 billion dollars worth of spending. If you take all of the health-related Covid-19 issues in here, it’s between $100 to $160 billion total–everything. $1.8 trillion dollars total; 8.5 % or less of the bill is actually devoted to Covid. And think about this. This is an emergency, right? We spend 1.23 to $2.3 trillion this fiscal year, that is to say, by the end of September. But we spend $692 billion under this emergency bill over the next 10 years. 

Karl Rove, former deputy chief of staff to President George W. Bush, argues direct checks and the coronavirus stimulus package may backfire.

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