Stimulus Money Not Spent

The center square the 2 3 trillion omnibus bill passed by congress includes 900 billion for additional coronavirus relief and is full of wasteful spending of taxpayer money on programs that have nothing to do with the coronavirus numerous critics argue.

Stimulus money not spent. The biggest predictor of who burns through the money most quickly isn t income or even loss of a paycheck. They find that stimulus recipients are parting with their money remarkably quickly. You probably didn t spend it at all according to a working paper from three economists at the national bureau of economic research.

On average americans spent roughly a third of the government issued funds within 10 days of receiving it. How did you spend your stimulus payment. Congress authorized 3 7 trillion in spending earlier this year to help address the economic crisis caused by the coronavirus pandemic.

Stimulus spending sent both the fy 2020 deficit and the national debt to all time highs. Read the full list of unnecessary federal spending in the virus stimulus here posted by hannity staff 3 26 20 the senate unveiled a bipartisan coronavirus relief package wednesday. Here are the numbers that show the breathtaking scope of the cost of the stimulus packages to date and the.

Depending on whether you get a direct deposit a check or a debit card your 600 stimulus payment could be delayed. Announcing more than 2 trillion in new spending as democrats pursue far left proposals before the final vote in the house of representatives. We re asking real people how they spend their hard earned money.

The fact that not all the money was spent on purchases might dismay congress who passed the 2 2 trillion cares act in march with the intention of boosting the economy during the coronavirus.