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Another 700 billion dollars will pass by people into the pockets of corporations: Americans are disappointed with the 2nd Cares Act
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Another 700 billion dollars will pass by people into the pockets of corporations: Americans are disappointed with the 2nd Cares Act

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The House unveiled the $ 2 Trillion COVID-19 CARES Act, which is popularly referred to as the “Splurge Act,” as the lion's share of the budget has once again been funded by multi-billion dollar corporations.

According to initial data, individuals should receive almost $ 604 billion in financial aid, but arithmetic convicts the government of lying. Today, the population of the United States is just over 328 million, which makes it obvious that it is impossible to distribute $ 600 billion to all residents of the country by giving out $ 600 per person.

The irrationality in the choice of priorities puts people in a tailspin, since the multimillionaires sitting in the government put weapons and aid to other countries above their own people.

 

According to Visual Capitalist’s Anatomy of the $2 Trillion COVID-19 Stimulus Bill, there are three other key things to know about this portion of the stimulus funds:

“There will be a temporary suspension for any student loan held by the federal government. This means no payments required and no interest accrued until the end of September, 2020.”

“Borrowers with federally backed loans can request forbearance on mortgage payments for up to six months.”

“There will be an expansion of unemployment benefits, including a four-month enhancement of benefits. This plan includes freelancers, workers in the gig economy, and furloughed employees.”

Image: dalas verdugo / Flickr

 

Author: Usa Really