CNN’s Quest on a Coronavirus Stimulus: ‘Not the Time To Be Nickel and Diming About a Trillion Here or There’

‘If you don’t do this, you won’t be looking at a recession, you will be looking at a depression’

EXCERPT:

QUEST: “Put this in perspective. The administration's budget next year was priced at $4.8 trillion, so a $5 trillion budget. That gives you an idea. What they’re talking about here is putting in an extra trillion or so. Now, the U.S. government deficit next year is forecast at just under a trillion. Again, this is not the time to be nickel-and-diming about a trillion dollars here or there. Because if you don’t do this, you won’t be looking at a recession, you will be looking at a depression. Because the downward spiral has begun. You see it with Marriott's announcements today, you see it with the airlines, what they've said, United Airlines in their letter today. So this is not the time to be worrying about who is paying the bill. You spend the money and you worry about it afterwards."

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