Apart from the Chinese coronavirus pandemic, the biggest threat facing Americans in 2021 will be financial and more directly, debt.

Congress has approved another bipartisan stimulus package that is nearly a trillion dollars. Laid-off workers will get extended benefits. Small businesses will get forgivable loans through the Paycheck Protection Program. There is rental assistance and an eviction moratorium. There are billions in aid for the airline industry. Public schools will get billions and billions will be spent on providing for the distribution of the various vaccines for the coronavirus.

All these funds seem worthwhile.

The problem is how to pay for all of these giveaways.

The government has decided to print more money and to increase the national debt.

That bill must come due at some point.

Democrats love to spend and tax and Republicans fear that a no vote on giveaways will cost them elections.

If it continues, this will bankrupt America.

On top of that debt load, Oklahoma’s state government is facing a serious shortfall due to the pandemic and the decine of the energy markets. By law, Oklahoma must have a “balanced budget” but state government, county government, municipal governments and school districts are up to their noses in bonded indebtedness.

How is that a “balanced budget?”

The results could include a devalued dollar, a stock market decline, a rise in interest rates and runaway inflation.

That will hurt a lot of people. People are dying from the pandemic and that is tragic. Lives are going to be ruined by increasing death and that could have been avoided.