Cashing in the $2T stimulus bill
Let's get fiscal, fiscal... The White House and Senate struck a deal for a huge $2T economic stimulus package — it's 2.5X bigger than the stimulus given after the 2008 financial crisis. 90% of Americans will be eligible to receive full or partial payments, according to estimates. Since it's being paid to you (courtesy of your tax dollars), we'll itemize the receipt:
I'm just a bill, yes I'm only a... mammoth $2T economic rescue bill. We didn't forget there's still a key $1.1T left to account for:
This (partly) fills the giant spending hole... Consumer spending + government spending makes up a huge part of America's Gross Domestic Product. $2T is around 10% of the total spending/production in the US each year (aka, 10% of GDP). In 2019, the US gov spent $4.45T — this stimulus alone is nearly half that, and is meant to offset spending and income that doesn't happen because of the virus. And it still might not be enough.