To the Editor: President-elect Joe Biden's campaign promises would cost trillions while overlooking the fact that Washington can't bail out everyone.
As is, our Federal $27-trillion long-term debt will grow by $1 trillion a year until 2030. The first series of CARE COVID-19 relief bills totaled $3.7 trillion, primarily borrowed money. Congress and the White House are negotiating a second CARE COVID-19 bailout between $600 billion and $2.2 trillion.
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