When you start throwing around billions, and then almost a trillion, it’s nice to do some “dumb” math.
For example, from the latest news, those on unemployment hit 4.72 million people. Let’s say that the new stimulus package is $850 billion dollars.
You divide those numbers, you get $180,000. (You divide by our population, 300M you get $2,800.)
This at one glance shows the problem of how to quickly and “fairly” distribute the stimulus. And I’d argue how ridiculously big it is.
Speed of distribution is the problem, not the amount. Hell, give everyone who is on unemployment $60,000 right now as cash. Save $500B and have a more stimulative effect. You’ve created no real value, probably sent most of the money offshore, and paid off some credit cards/debt, but it will be stimulative.
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