GOP sounds alarm bell over coronavirus-fueled debt

Republicans are growing increasingly anxious about the meteoric rise in the country’s debt amid unprecedented levels of federal spending aimed at softening the economic impact of the coronavirus.

Congress has passed several relief bills in the last seven weeks that total nearly $2.8 trillion — roughly the combined total of the fiscal 2019 and 2020 discretionary spending for the entire government.

The mammoth spending comes as the coronavirus’s effect on the country has been severe: 22 million unemployment claims in the past month, a rocky market that has plummeted from record highs and nearly a million confirmed cases and more than 46,000 deaths, according to Johns Hopkins University. Continue reading.