It’s too early to say what Biden will do on this front, since we don’t know what disastrous legacy Trump will leave him. We do know that Biden will listen to scientific advice, and will be happy to sign further stimulus bills.
But the infection is spreading. Unless efforts are made to control it, the situation will get worse. The costs of the disease and of longer and more severe lockdowns to get it under control will mount.
I think that the problems will make themselves more obvious before January 20. Too early to blame Biden.
Stimulus cheques - and the other parts of the spending - are more like a crutch. They keep you and the economy propped up until you can stand on your own.
Yes, government debt will go up, and there may well be tax increases and spending cuts in the future to try to reduce it. But that would apply with any sane government. Margaret Thatcher would have had a fit at the Republican Party of today (and not just the way they are running up the debt).
Heavy industries are in trouble anyway, but there are the tech industries and financial businesses that can be tapped. (But this is where we get to Thatcher again - she wasn’t a fan of trying to keep uncompetitive industries going). Not to mention wealthy tax evaders and avoiders. I’ve seen a suggestion of an extra tax on executives who are paid out of proportion to the rest of their company’s workforce, but I think that was a State initiative.
But the hearing in the Pennsylvania case is just about to begin. After TWO law firms dropped out and the case was massively pared down.
For extra fun Rudy Giuliani is appearing as a lawyer - for the first time in nearly 30 years. And has already made a gaffe by claiming to be a member in good standing of the DC Bar when his membership is suspended for non-payment of dues.