Donald Trump pledged Wednesday to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections, an extraordinary gambit to reverse his party’s sagging fortunes in November.
The dubious promise would likely cost more than $1 trillion and require congressional approval, and would further exacerbate the country’s nearly $1.8 trillion annual budget deficit and concerns about inflation.
Yeah $5k for every American with no new taxes is just a massive burst in inflation. It can be done strategically in a situation like covid where the economy needs to be maintained from collapse due to a temporary situation of no work, but that’s about it.
In a depression you spend money, but you do it by making jobs to get nice to haves.