Dr. Chhoda explores the big picture about all the stimulus spending so far, and reveals some astonishing new details about where the money actually went.
The stimulus relief bills that Congress passed earlier this year to address the pandemic amounted to one of the costliest relief efforts in U.S. history, and the undertaking soon won praise across the political spectrum for its size and speed.
The $4 trillion total of government grants and loans exceeded the cost of 18 years of war in Afghanistan.
“We’re going to win this battle in the very near future,” Senate Majority Leader Mitch McConnell (R-Ky.) said after the Senate approved the Cares Act, the largest of the four measures.
Six months later, however, the nation’s battle against the illness is far from won, and if the money was intended to help those who needed the most, Dr. Chhoda asks the question “Did the money go where it was needed the most?”
TABLE OF CONTENTS
0:00 Were all the stimulus efforts doomed to fail from the beginning?
3:04 Where did the stimulus money actually go
5:15 How much money went to businesses
9:10 How much money went to individual tax payers
12:52 Money to fight the health crisis
TABLE OF CONTENTS
0:00 The harsh reality about stimulus checks
2:10 The difference between someone who is dependent and independent on stimulus
5:33 Re-engineering our fundamental approach towards money
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