Article Image
IPFS News Link • Economic Stimulus

US "COVID Relief" Was Enough To Give Every Taxpayer $41,870 But We Got Peanuts Instead

• Zero Hedge

Authored by Brad Polumbo via The Foundation for Economic Education,

President Biden just signed his sweeping $1.9 trillion spending package into law. Once this bill hits the books, total taxpayer expenditure on (ostensibly) COVID relief will hit $6 trillionwhich, roughly estimated, comes out to $41,870 in spending per federal taxpayer.

Did you see anywhere near that much in benefit?

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."


www.BlackMarketFriday.info