The latest stimulus comes with a price tag of $1.9 trillion, adding to the $4 trillion authorized last year. The final bill is a "mixed bag," with numerous provisions crucial to sustaining the recovery but others less essential. Such is inevitably the case when anything of significance grinds its way through the Congressional sausage-maker. Make no mistake, however, a substantial package was indeed necessary.
Student debt has been a growing problem for years and needs to be thoughtfully addressed. Recently, there have been calls for some type of uniform debt relief as part of a stimulus package. That is not the best solution.
Prior to COVID-19, the US was in the midst of a 10+ year expansion. While not perfect, the basic structure of the economy was basically sound. If this structure is kept intact, the recovery can be both robust and rapid. If it is allowed to deteriorate, things will inevitably be much worse.