Before the coronavirus substantially shut down America, Maya MacGuineas, president of the Committee for a Responsible Federal Budget, warned, “The national debt is an issue that lawmakers are doing their best to ignore these days…” MacGuineas continued, “The annual deficit is the worst it has ever been when the economy was this strong. We are on track to borrow another $14 trillion over the next decade, and already, interest payments are the fastest-growing part of the budget.”

On Friday, House Freedom Caucus Chairman Andy Biggs (R-Ariz.) sent a letter with 20 of his colleagues to President Trump urging him to oppose any additional coronavirus relief packages while our country awaits the full impact of the last three phases, including the most recent $2.3 Trillion CARES Act. Among the signers of the letter are Republican Study Committee Chairman Mike Johnson (R-La.), House Judiciary Committee Ranking Member Jim Jordan (R-Ohio), renowned budget hawk Rep. Chip Roy (R-Texas), and others.

Only a few days after Congress passed a massive $2.3 trillion bill, the CARES Act, in response to the COVID-19 crisis, some in Congress are already eyeing a “Phase IV” bill as a vehicle for their pet legislative priorities that have nothing to do with the pandemic. As we learned last week, Speaker Nancy Pelosi (D-Calif.) was more than willing to use this crisis to shill for leftist policies, but it’s becoming a bipartisan problem.

Americans are still trying to figure out what to make of the COVID-19 pandemic. Only a few weeks ago, the American economy was doing well, and employers were hiring. Today, many governors have essentially shut down commerce and effectively suspended some protected civil liberties by mandating the practice of social distancing in their states.

Earlier this week, the Department of the Treasury released its requests to Congress for the third-phase of COVID-19 response legislation. This request includes $500 billion in direct payments to Americans, $300 billion in loans to small businesses, $150 billion to distressed industries, and $50 billion to the airline industry. Add it all up, and we’re looking at a $1 trillion package to address COVID-19, in addition to the roughly $110 billion that Congress has already spent in response to the pandemic.

The state of the economy is on everyone’s mind due to the COVID-19 and the more frequent practice of social distancing. People are staying at home due to the virus, which will have a negative impact on consumption. On Tuesday, Treasury Secretary Steve Mnuchin said that the administration is “looking at sending checks to Americans immediately.” The idea is similar in approach to proposals from Sens. Tom Cotton (R-Ark.) and Mitt Romney (R-Utah).