Two. Trillion. Dollars? Here’s where all that coronavirus stimulus money is going
If you spent $1Million/day since Jesus Christ was born you would STILL not have spent $1TR – JUST LET THAT SINK IN FOR A MINUTE! NOW realize that our countrys’ TOTAL debt is somewhere around $121-129TR. YOU CANNOT POSSIBLY UNDERSTAND OR WRAP YOUR BRAIN AROUND HOW MUCH MONEY THIS REALLY IS!!! This article breaks down pretty thoroughly WHAT is actually in this Bill and where it is ACTUALLY going..
Published: March 30, 2020 at 12:25 p.m. ET By Shawn Langlois
About 17 Jeff Bezoses. Two Alphabets GOOG, 2.330% . A couple Apples AAPL, 1.919% . Four hundred Dallas Cowboys franchises. A thousand Wembley Stadiums.
Yes, it’s hard to wrap your brain around how much money $2 trillion really is.
That’s where cost-estimating website HowMuch.net comes in. President Trump last week signed a $2 trillion bill to boost the economy during the coronavirus shutdown. The headline number for many was the $1,200 check that will give a lifeline for a big chunk of the population.
But there’s so much more going on here.
“It’s hard to imagine just how much money is at stake, much less where it’s going and who is going to benefit,” HowMuch.net editor Juan Carlos Sanchez wrote, referring to this detailed chart:
As you can see, individuals receive the biggest boost from this sweeping package, with about $560 billion going directly in to their pockets as cash payments or additional unemployment benefits. The big companies get $500 billion, with $58 billion to help the crushed airline sector… BUT