Americans are incredibly gullible... almost to the point of being stupid.
Does it seem like the Government is just printing more money? Really?
It should!
Because that's exactly what's happening! We're not "selling treasury bonds" to pay for COVID... we're just "printing money!!!" -- and we (Americans) can actually do this (and get away with it) because we're the "default" currency for the rest of the world (technically: the "reserve" currency).
The "concept" of US Government debt comes from a time when our currency and "money supply" were tied to "the Gold Standard" (and GOLD was the world's "Reserve Currency")... today, this ain't that! Back then, the world's economies were a "zero sum game" - for me to make more money, someone had to lose money - because there was a finite amount of gold to go around. There is no reason for that anymore - we can ALL get $1400 in cash, and ALL "win" -- without there being ANY losers, because we (technically, the US Treasury) can LITERALLY just print more money!
One of the first times we "dipped into" the idea of just pumping cash into the economy (with no real "debt" as a result) was the economic crisis that Obama inherited... only thing was, they were dumb enough to think that the "right way" to inject all that cash into the economy was to "give" it to the banks! After all, if you give THEM the money, they'll LEND IT!!! Right? That's what banks do? Lend money? (Edit: I should give credit where it is due: It was George W Bush's administration that thought up of the idea of "quantitative easing" and resolving the banking crisis with a cash injection - Obama inherited the solution! He just had to execute it, and he did that poorly... to be kind to him!)
Nope... and that's why the "economic recovery" under Obama was so unbearably slow... Banks propped up their balance sheets with that cash... bought back stock with that cash... paid HUGE bonuses to their executives with that cash... and loaned VERY LITTLE of that cash!
Trump and the Republicans were far smarter when it became clear that COVID was was CRUSHING our economy in 2020... f**k the banks, give the cash DIRECTLY to the American People! They'll do what the banks didn't: they'll SPEND IT!
Prudent people would pay off their debts (credit cards, back rent)... that's what the "professionals" (the banks) did last time.... but that's not American! No, we BOUGHT SHIT! And it WORKED!
The problem with that formula, though, is that when you put soo much (too much) cash into the economy, there is inflation... keep it up and you can ALSO get yourself back to the 1970's nightmare: stagflation (inflation with a stagnant economy!)
Long story short - we're not borrowing the $2T for COVID relief (or, the $3T for infrastructure, if that passes)... we're just "injecting it" into the economy... in layman's terms: we're just printing money!