U.S. “COVID Relief” Was Enough To Give Every Taxpayer $41,870

RSS Feed

U.S. “COVID Relief” Was Enough To Give Every Taxpayer $41,870

March 17th, 2021

Awake Goy

Via: Foundation for Economic Education:

The sheer immensity of this spending is hard to grasp. For context, $6 trillion is more than one-fourth of what the US economy produces in an entire year, according to Fox Business. The COVID spending blowout is at least eight times bigger than the (inflation-adjusted) price tag of President Franklin Delano Roosevelt’s “New Deal.”

Moreover, the COVID spending bills have all lost huge sums of money to unrelated carve-outs, politician pet projects, corporate bailouts, fraud, waste, and worse.

…

The numbers here really are quite damning.

For the same $6 trillion in expenditure, the government could have given every federal taxpayer a $41,870 check. Or, to think about it a bit differently, it could have written every American roughly an $18,181 check.