smerel >> assuming the predictions of inflation and other problems this will cause don’t pan out
it does not matter what will be exact path that borrowed money take. The money has to come from somewhere.
Economy is a complicated thing, so it is easy to develop a magical view – yes, we can borrow, but then we have new means to control inflation, etc, etc. If there is a magical way to print money for nothing, then print this money to return them to the rightful owners (aka as tax cuts) or save this capability for the next “unexpected” event. If some insist on new or changing social programs – fine, just have a public discussion about it rather than running a candidate that does not say anything and then pretend it is “emergency spending”.