The COVID-19 pandemic may be nearing an end, but its economic repercussions will be felt for decades, if not longer. Over the course of a little more than one year, the United States has spent more than $5.3 trillion to combat the disease and the economic devastation it has wreaked. That massive sum is more than the U.S. government’s entire budget in 2018. Or, in other words, more than the entire GDP of every nation in the world, except the U.S. and China.
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