That is enough federal aid. Every dollar of borrowing is a cost imposed on future taxpayers.
By next year, federal debt held by the public will hit $22 trillion and match the record high in World War II as a share of gross domestic product.
With a huge debt and rising interest rates in coming years, a growing share of the federal budget won’t go to programs but to domestic and foreign creditors.
More debt means lower living standards for young people down the road and risks hitting them with a major financial crisis. Americans in the future will have their own health care, military and other crises to deal with, so imposing the costs of our crises on them as well is unfair.