Actually, it will do the exact opposite. Their vote-buying scheme will plunge the economy into even worse straits.

Let's say that this round of new federal vote-buying largess is $3 trillion. Where is the federal government going to get that $3 trillion? After all, we all know that the federal government does't have that money hidden under its bed. In fact, it doesn't have any money hidden under its bed. Before the coronavirus crisis, it was spending $1 trillion more than it was raising in taxes every year.

That $1 trillion in deficit spending was simply being borrowed. Much of that borrowing was from the American people, which means less capital invested in the private sector. That means lower standards of living for American society.

So, where did they get the money in the initial stimulus largess? They simply borrowed even more money, adding those trillions of dollar onto the federal government's debt load, one that American taxpayers are on the hook for.

A financial straitjacket
But as the debt load continues to get larger, federal officials know that the federal government is enveloped in an ever tightening financial straitjacket. When one consider just the interest on the federal debt, along with the "entitlement" programs, especially Social Security and Medicare, and the ever-growing expenditures of the national-security establishment, the feds are resorting to the time-honored way to finance expenditures and pay off debt — by inflating the money supply — i.e., printing new money, lots of new money.