Monday, February 8, 2021

$22,000 To A Family Of Four As Direct Stimulus Payment: My Posted Comment To WSJ Opinion

My posted comment to The Wall Street Journal, Opinion, "Wrong Stimulus, Wrong Time: Biden wants twice the spending of 2009, though the economy is far stronger now." by The Editorial Board:
$1.9 trillion to 332,000,000, approximate current estimated US Population, is a one time payment of over $5,700 per person; over $17,000 to a family of 3 and over over $22,000 to a family of 4. It could be even more, if wealthy people are excluded from the payment. The $1,400 proposed per person is less than 25 percent of the funds available. The general public doesn't realize that they are getting scraps and that most of the money in the proposed law is used to payoff politicians' political friends and is not going into their pockets. A wiser public would demand that more of the money go directly into their own pockets.

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