by Simon Black
As you’ve probably already heard, the US government unleashed a giant tsunami of money on Friday, passing a $2 trillion stimulus bill to help boost the economy during the Covid pandemic.
Let’s put that number in context:
- $2 trillion is more than it cost to wage 18+ years of war in Afghanistan and Iraq.
- It’s nearly THREE times the size of the bailout from 2008.
- It exceeds ALL corporate and individual income tax revenue collected by the IRS last year
We are clearly living in unprecedented times… and that this bailout is equally unprecedented.