Across the United States, people are receiving money from the recent American Rescue Plan – the third economic stimulus effort over the past year. They total $3.2. trillion, which begs the question: How can the U.S take on this much new debt? The most important consideration is that all three relief plans were cheap to finance because of tools used by the Federal Reserve to keep the economy and markets in good working order – namely, very low-interest rates. The second consideration is that the U.S. economy is poised for growth, meaning additional income tax revenue for the federal government.
Jay Pluimer dives into the details on this episode of the Flourish Insights podcast.
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