Fox anchor argues that stimulus checks are irresponsible, citing worries of increasing US debt
Martha MacCallum: “There's no stimulus that's better for the economy than the economy opening up, and that's already happening”
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From the March 11, 2021, edition of Fox News' The Five
MARTHA MACCALLUM (ANCHOR): You know, when you're gonna send money to people, everybody is probably going to be on board.
So, I don't think it's that surprising how popular it is, but the other thing that I would point out is that Bloomberg did a study. We've had an extraordinary amount of savings that has happened over the course of the last year, during COVID.
$1.5 trillion in American savings. So, that's one of the reasons that you do see a fair amount of the money that's going out there, going into the stock market. That's one of the reasons that we've seen big jumps in the stock market.
So, it's great to give people money, it's probably going to fuel some inflation, which will be difficult. You're latching on a ton more debt onto the United States economy, and you're also in a situation where we had $4.4 trillion that already went out the door. You've got a trillion of it that's not spent.
I don't know -- you know, any company, any American family that would ever try to pull themselves out of a hole by digging the hole deeper, which is what we have done with this bill. Especially at a time when things are starting to open up, there's no stimulus that's better for the economy than the economy opening up, and that's already happening.