Who’s getting the $2 trillion?

Some simple math with some large numbers leaves me with a big question.

Assume that about 330,000,000 Americans each get a full $1,200 stimulus check (which isn’t all that much). Multiply those numbers and you get about $400,000,000,000, or $400 billion. But the stimulus package supposedly totals about five times as much as that, or roughly $2 trillion.

So individuals are only receiving one-fifth, or 20%, of the stimulus package.

My son runs a small business. I haven’t heard of any relief for firms like his.

Should I conclude that large corporations are getting the other 80% of this stimulus?

If not, what am I missing?

Published in: on April 4, 2020 at 3:25 pm  Comments (3)  

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3 CommentsLeave a comment

  1. There is also an increase to four months worth of unemployment checks. This piece from VOX had a pretty good explanation.

    “Vox has put together a chart of each state’s base weekly unemployment insurance benefits and links to each state’s unemployment website where you can get the process started. The new stimulus will add $600 per week to that base amount for four months, until the end of July.”

    https://www.vox.com/2020/4/3/21203006/cares-act-direct-payments-unemployment-insurance

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  2. Among additional elements:
    Small businesses can get loans equivalent to about 2.5 x typical monthly payroll, with almost all of that potentially forgiven.
    https://www.uschamber.com/report/covid-19-emergency-loans-small-business-guide
    Employees with kids whose schools/daycare was closed due to coronavirus can get family leave at about 2/3rd regular pay… See:
    “FFCRA helps the United States combat the workplace effects of COVID-19 by reimbursing American private employers that have fewer than 500 employees with tax credits for the cost of providing employees with paid leave taken for specified reasons related to COVID-19. The law enables employers to keep their workers on their payrolls, while at the same time ensuring that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus. The Department’s Wage and Hour Division administers the paid leave portions of the FFCRA.”
    https://www.dol.gov/agencies/whd/ffcra

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  3. […] G.F. Brandenburg wonders where the $2 trillion is going. […]

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