December 20, 2017: “We broke every record. It’s the largest — I always say the most massive — it’s the largest tax cut in the history of our country.” Now the chickens are coming home to roost.

The Big Problem With Coronavirus Economic Bail-Out Plans: Any Of ‘Em

They’d pile a trillion dollars — and that’s just for starters — on top of a national debt that’s already topping a trillion dollars annually

So the Twitter arguments we keep seeing about stuff like is it better to give Americans $1,000 all at once or $2,000 or $500 each month for a longer period of time really doesn’t matter that much. Or that if Mitt Romney’s proposal (the $1,000 one) goes through it’ll suddenly mean Republicans “own” Democrats on Universal Basic Income.

What does matter is whatever the government does do — and it has to do something big, fast — the U.S. economy will be buried under debt for years, maybe decades.

Threats to cuts in things like Medicare and Social Security will no longer be subjects for debate. They’ll be inevitabilities.

Even if people get a small or large monthly check in the mail one time or a bunch of times. We don’t want to sound like we’re critical of that: it’s a great idea right now because any money the federal government can quickly get directly to consumers will be spent and not wasted. And spending is how businesses stay alive. But in the long-term, those gigantic piles of debt start looming larger.