This $5,000 Stimulus Check Idea Is a Disaster Waiting to Happen

Tens of millions of people are out of work and desperately awaiting any financial help they can get. With the full impact of the coronavirus pandemic still not yet known, lawmakers have already offered most Americans $1,200 stimulus checks to help them make ends meet. Many believe that won't come close to meeting the needs of most Americans, however, and that has legislators looking for solutions to get more money out to those hit hardest by the outbreak.

Several proposals for additional stimulus payments are making their way around Washington, varying from one-time payments to ongoing financial support over the next few months or even as long as a year. Yet one of the newest stimulus check proposals would force Americans to accept a trade-off -- and it's one that those who watch the ongoing Social Security debate on Capitol Hill have seen before in different contexts. By inviting desperate Americans to give up Social Security benefits down the road, the proposal will only trade current financial pain for future challenges.

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Source Fool.com