Democrats and Republicans have very different ideas when it comes to proposing another round of stimulus checks. They can't seem to agree on how much they should be, if they should be one-time or recurring, for what duration, or if another round is needed at all. Basically there is no consensus on any of the variables for another round of direct cash payments to the American people. Not yet, but hopefully there will be soon.
That said, we have seen a few direct payment stimulus proposals of $2000/month floated by some Democrats in Congress. And as Congress gears up to announce their next large relief bill in the House by May 19th or sooner, a one-time or even monthly stimulus payment for most Americans of up to $2k is very possibly going to be considered/announced, within a larger bill that will likely cost anywhere from $800B - $4 trillion. We currently don't know. We just know Congress has already approved 3 rounds (or 3.5 rounds if you include re-upping the PPP) of relief packages that total well over $2 trillion.
Whatever they come up with, it will be highly contentious and will be negotiated and likely look a good bit different once it makes its way from official proposal bill into law.
I mentioned Republicans have a much different approach, here's what I mean.
Proposal: $5,000 Stimulus Check In Exchange For Slightly Delayed Social Security Benefits
Basically two senior economic officials at the White House, Andrew Biggs and Joshua Rauh, have the idea of a stimulus check loan instead of an advance on a tax credit.
This would be a loan of $5000 that you would pay back whenever you retire and start taking Social Security. The loan would be paid back in 1-3 months max, depending on how much your SS payments are. (The $5k isn't set in stone, so could be more or less if this proposal gains traction).
What this would do is allow for people to borrow from their own future retirement account essentially, and worry about not having a Social Security check once you retire for a few months after the fact. Kicking the can down the road, so to speak.
On one hand, this would help people now, and it would be entirely opt-in, meaning only those that needed the money now would be enticed to do this. And perhaps they will allow you to 'pay it back' between now and retirement, on a very low to no interest basis.
On the other hand, you would be setting yourself up for a few months of hardship in your older age, if you find yourself retiring and plan to live on only SS benefits, without any savings. Basically you would have no income for a few months, which would put you in the exact situation as you would likely be in today, just years or decades from now.
What do you think about this? If there is no additional stimulus and this is the best idea Congress can come up with, do you think its a good idea, bad idea, dangerous, smart, what? I think this is certainly better than nothing and I honestly would consider taking the loan myself if given the option. But I think Congress can also do better.
I personally don't think we need to be as concerned with the national debt when we are staring down the largest unemployment numbers this country has seen since the Great Depression.