Come what may next January 20, the coronavirus is certain to still be here with us, and the economy still just as shot to pieces as it is right now. And the Covid recession will last for years.
A Biden presidency + Democrats holding both houses of Congress is looking increasingly certain. So far, McConnell and many Senate Republicans have been loathe to embrace more coronavirus stimulus (McConnell said there would only be one more Covid relief bill, and it would be just $1 trillion, much smaller than the $3 trillion HEROES Act House Democrats were pushing for.) But if Biden and the D’s sweep into power, that could all change.
I am hoping we will see additional rounds of stimulus payments, maybe even some rudimentary form of UBI as an emergency measure. That being said, though, the national debt could be on pace to spike to $30 trillion or so in time if they did do so.