There have already been three stimulus checks sent out by Congress to help with the ongoing economic crisis that started in 2020. However, some experts believe it’s possible for a fourth stimulus check to be approved before the end of the year.
The conditions that led to the economic downturn are still in play, even if they’ve been mitigated by a robust national response. Since January of 2021, the conditions leading to the economic downturn that took place in 2020 have been significantly altered by the presence of a new administration in the White House.
Even still, families are still struggling, according to economists. As such, Congress has continued to debate the matter of sending a fourth stimulus check to help American families continue to tread water as the economy returns to some semblance of normal.
The three previous stimulus checks were one-time payments, not recurring relief. Each was debated in a vacuum and issued with the understanding that it was the last time the government would be issuing such financial assistance to the majority of Americans. The fourth stimulus check might not be framed in such a way if some forces in Congress have their way.
Some in Congress are pushing for the creation of a universal basic income, a recurring payment to every eligible American that would occur monthly. While the White House hasn’t even committed to a fourth stimulus check, some factions within the Senate and the House of Representatives are leaning heavily toward some manner of relief.
There is unanimous agreement among one faction in Congress that there should be no further stimulus checks. A perceived labor shortage is being blamed by some on increased federal unemployment benefits. Arguments pointing to the national deficit and the cost of spending programs are also common. However, the politicians who want to pass another spending bill currently control Congress, making it likely they could pass another bill if they push for it.
Meanwhile, the economic conditions that have slowed spending in the US are still in place. Many people lost their jobs in 2020 and are still looking for work. A complex situation has taken shape where a number of lower-paying retail and food service jobs are open, but people are unwilling to work for the wages these employers offer. In the meantime, many in the US are hopeful that the government will continue emphasizing the importance of federal aid during times of economic downturn.