If you think the government spending money helps you and your family directly, think again. Under the pretense of “stimulus” we have the wool pulled over our eyes time and time again. It’s all summed up in one simple sentence as written by the Daily Wire: “The federal government will spend enough in COVID-19 stimulus to give every American taxpayer $41,000.”
Likely $41,000 would be incredibly more helpful to each individual than whatever they did receive from the government, if anything at all. Among the massive omnibus packages to “stimulate” the economy was the $2.2 trillion CARES Act from March 2020, the $2.3 trillion HR 133, passed in December 2020; and the $1.9 trillion American Rescue Plan, passed in March 2021.
The Committee for a Responsible Federal Budget’s COVID money tracker shows the federal government will distribute a total of $5.9 trillion through its legislative efforts alone. “If these funds were disbursed among America’s 143.3 million taxpayers, each would have received roughly $41,000. If the funds were instead divided among every member of the population, every American would have received $18,000.”
The Foundation for Economic Education notes the pathetic percentages of how the money was actually divided up:
The COVID spending bills have all lost huge sums of money to unrelated carve-outs, politician pet projects, corporate bailouts, fraud, waste, and worse.
In the latest $1.9 trillion package, more than 90 percent of the spending is not directly related to containing COVID-19. Only 1 percent of the money, about $15 to $20 billion, is spent on vaccines.
Meanwhile, hundreds of billions go to bailing out poorly managed state governments’ budget holes that predate the pandemic and $86 billion rescues failing pension plans.
Meanwhile, billions more go to Obamacare expansion and subsidizing public schools long after the pandemic.
Similar results occur using the same math to calculate the same scenario using President Biden’s two most recent legislative proposals of the $2.7 trillion American Jobs Plan and the $1.8 trillion American Families Plan. “If funds were divided among all taxpayers, each would receive $31,000 – $18,840 from the former bill and $12,560 from the latter.”
