Regarding the title of this thread, I don't agree with the premise "since jobs are unlikely to return". People are starting to realize that this strain of coronavirus isn't some second coming of the black plague, and businesses are starting to reopen (at least in the US). People who were out of work are starting to return to the workforce, so I don't think the situation is anywhere near as bleak as, say, 2008-2013 when unemployment was astronomical and wasn't due to a temporary shutdown.
But yeah, as far as that money printing press goes, it worries me. Someone is going to have to pay for all of these stimulus checks eventually, and we all know that someone is going to be the taxpayers. If I do get another check from the government, you can be damn sure I'm not going to blow it on frivolous stuff.