Editorials & Other Articles

Under The Radar

(3,406 posts) Tue Dec 29, 2020, 05:33 PM Dec 2020

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”?

2 replies

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Explain the arithmetic please- $900 billion package with $600 cash... (Original Post) Under The Radar Dec 2020 OP

$300 per week (over $1200/month) for unemployed is in that legislation too, among other things. Hoyt Dec 2020 #1

It also allocates $35 billion to fund wind, solar and other clean energy projects. MichMan Dec 2020 #2

Hoyt

(54,770 posts)

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

Reply to Under The Radar (Original post)

Tue Dec 29, 2020, 05:35 PM

Dec 2020

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

MichMan

(12,001 posts)

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