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Tue Dec 29, 2020, 05:33 PM

Explain the arithmetic please- $900 billion package with $600 cash...

Is confusing to me. $600 dollars to each man woman and child on the United States is only $192 billion. Who is getting the remaining $708 billion?
From $900 billion you could pay $2,812 to each man woman and child in this country. Seems that we are being cut short by $2,212.
Does anyone have the details of this “bailout”?

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Reply Explain the arithmetic please- $900 billion package with $600 cash... (Original post)
Under The Radar Dec 2020 OP
Hoyt Dec 2020 #1
MichMan Dec 2020 #2

Response to Under The Radar (Original post)

Tue Dec 29, 2020, 05:35 PM

1. $300 per week (over $1200/month) for unemployed is in that legislation too, among other things.

The agreement sets aside $285 billion for additional loans to small businesses under the Paycheck Protection Program, renewing the program created under the initial stimulus legislation.

The legislation sets aside nearly $70 billion for a range of public health measures, including $20 billion for the purchase of vaccines, $8 billion for vaccine distribution and an additional $20 billion to help states continue their test-and-trace programs.

It also allocates $35 billion to fund wind, solar and other clean energy projects.

https://www.nytimes.com/2020/12/28/business/economy/second-stimulus-package.html

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Response to Under The Radar (Original post)

Tue Dec 29, 2020, 08:32 PM

2. It also allocates $35 billion to fund wind, solar and other clean energy projects.

Which is related to Covid 19 pandemic, how?

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