Saturday, March 6, 2021

Covid stimulus

Recent polls say that Americans overwhelming approve of the Covid relief which includes, among other things, $1,400 to 300 million citizens as a cost of $424 billion dollars. For a retired couple this is a $2,800 handout and a married couple with two kids will get $5,600. It is not a surprise that this polls well. Over the years the country has spent $15 trillion on the war on poverty, one trillion on the war on drugs, $2.4 trillion on Afghanistan and $2 trillion for the Iraq war. There are other things in the bill that will directly help low income people. There is $300 federal unemployment going to those who qualify for state unemployment and this will cost $184 billion. Child tax credit is increased to $3,000 and $3,600 for children under age 6 at a cost of $143 billion. Other things that help the poor are, childcare, extra nutrition, sick leave, extra help for those on Obamacare for $125 billion. This is about one trillion and the remaining money goes to various pet projects that democrats have wanted for years.

No comments:

Post a Comment