No, it is not OK. The United States taxpayers are going to be paying for all of this stimulus eventually--or somebody's going to be paying for it, though I can't imagine it won't be the citizens themselves. I look at these relief checks as loans, not free money.
The forgivable payroll loans and extra unemployment benefits were way more expensive than the direct stimulus checks. Whether to rain so much unemployment money on laid off or furloughed workers is one of the things I agree with Republicans on. It's creating incentives not to work, and it gives so much money to people beyond their actual needs.
It's all inevitable though. Completely unprecedented stimulus just occurred under a Republican presidency and Senate majority, if you can believe it. No way it's stopping under Biden.
Deutsche Bank analysts are betting on a ~$750 billion package in early 2021, somewhere in between the $500 billion McConnell is pushing and the $2 trillion the Democrats want. That seems like a reasonable expectation.