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Is my math bad? Where did the money go?
Based on the news that ONLY 85% of Americans will get the latest 1400 I assume at least 90% got the first two.
That said if they got the maximum of 1200 plus 600 plus 1400 that is 3200 Each for 85-90% of every Man, woman and child.
Using 330 million Americans that comes up to about 297 Million that get the cash, or 9 billion 504 Million, essentially peanuts compared to the totals. Where did the TRILLIONS go?
PPP? In theory any PPP monies should have also offset additional unemployment.
Speaking of unemployment as I understand it 300-600 additional money was available to not work.
You guys in the higher tax brackets are either going to get kicked in the nuts or Americas credit rating is going into the toilet.
Why don't we go to school and work on the weekends and take the week off!
Comments
to the rest of the world for pay offs
The rest is is going to pork and pet projects like bailing out bankrupt blue cities and sex/gender studies in other countries and a whole lot of other crazy stuff....
Don't worry they will pay it all off with inflated fiat money and give all the (investors)worthless funny money, IfYou you don't own something tangible with intrinsic value your nothing but a patsy for all the politicians and lawyers in The NWO.
serf
https://en.wikipedia.org/wiki/Intrinsic_value_(numismatics)
tangible investment is something physical that you can touch. It is an investment in a tangible, hard or real asset or personal property.
This hyper spending and seemingly unlimited debt by the government will certainly bite us in the butt eventually. When did it become the governments role to babysit its population financially? FDR was a big part in creating the problem but at least some of his spending was on actual public works projects that we got some benefit from. People actually had to work to collect government money unlike today.
Not sure what we can do about the inflated fiat money. A lot of experts think that returning to a commodity (ie. gold) backed currency is impossible. Here is a simply worded for the novice article explaining why the ship has sailed for changing to a commodity backed currency;
The Problem With Gold-Backed Currencies | Seeking Alpha
As a debtor nation all of our gold would soon be in our creditors possession. But heck we have already given China just about everything else, let's just give them our gold reserves too. Bob
The latest 1.9 trillion "stimulation" contained only 9% for relief of COVID impacts. Yes, 9%. The rest, 91%, all goes to left-wing wish-list items, and political payoffs such as to the teacher's union.
When speaking about government spending . . . and using terms and concepts like "math" and "accountability", it will quickly become apparent that the two (government spending and math/accountability) do NOT go together.
Your math is bad, but your point is valid.
It is $ 950 Billion, not $ 9.5 Billion, but when we have spent more than $ 5 Trillion, one wonders where 80% of it went.
$5 trillion divided by 330 million is $ 15,150 for every American from 9 days old to 99 years old.
The truly eye opening part of this is when you consider that it looks like the shutdowns, stay at home orders, etc. have had minimal impact upon the virus, we probably have not saved a huge amount of lives with all this crap.
Lets say 1 million lives were saved. (I doubt anyone honestly believes it was close to that number). $ 5,000,000.00 per life.
If 500,000 lives were saved - again a ridiculously high number if one looks at the statistics - $ 10,000,000.00 per life.
We have spent stupid amounts of money, destroyed lives and livelihoods, killed people through denial of medical services, increased suffering of people through denial of medical services, pushed many into addiction and overdose deaths, contributed to an increase in suicides and mental crises of our younger population, and pushed our national debt into crazy areas.
This is the work of our elected politicians taking on the role of our parents. Frankly, Donald Trump, Chuck Schumer, and Joe Biden have never and will never have my permission to be may father, and queen Nancy has never and will never have permission to be my mother.
We need to vote all Democrats and Republicans out of office. Perhaps the GOP Freedom Caucus and their partners in the Senate can remain to shepherd the new folks, but there is nothing but control and debt coming from the two major parties.
Brad Steele
my guess to family and friends whos company's are some how put in charge of overseeing distribution of the money or some how qualified for huge chunks of money for the business of course to bail out there buddy's states so far in the hole they can no longer see any light . then the pet projects like the study of how fast grass grows and countless art and specialty groups
if there going to give money back to the people , every dollar allocated should be equal split and only to the tax paying population .
A lot of it is funneled back into the politicians bank accounts.. they didn't get filthy rich by being generous...
Boy howdy was it ever off by a measly 940.5 Billion LOL I try to explain to my Liberal daughter that one day we either have to pay this money back along with the College debt she wants forgiven I think that Generation thinks we can just add more red ink for any issues. I suspect next up Biden will need to introduce a Infrastructure spending program which is what I thought they meant by shovel ready jobs years ago to address the crappy condition of our roads, utility systems, bridges and such.
With All the tax exempts and child credits given to middle income families and illegal immigration put together then free food, HUD housing with medicaid health care makes them contribute nothing to pay down the debt too! It's pure socialism for Democrat future voters.
Elizabeth Warren and Bernie Sanders got exactly what they wanted with the so call moderate Joe Biden for president. Communism for the the poor masses and incredible Debt and Taxes for we the people that work and make over 200,000 dollars.
serf