For the extra lazy, 1.8 trillion was spent on individuals and households through various things such as the stimulus checks, increased food stamps, unemployment, retirement, and child care grants.
1.7 trillion was spent on businesses.
“A recent analysis by the economist Michael Dalton found that every $1 in wages that would have been lost without the Paycheck Protection Program cost $4.13 in relief money. Because the program wasn’t narrowly targeted — virtually every small business in the country was eligible — it benefited some companies that didn’t need the money, and loose fraud controls allowed scammers to skim off billions.”
For the extra lazy, 1.8 trillion was spent on individuals and households through various things such as the stimulus checks, increased food stamps, unemployment, retirement, and child care grants.
1.7 trillion was spent on businesses. “A recent analysis by the economist Michael Dalton found that every $1 in wages that would have been lost without the Paycheck Protection Program cost $4.13 in relief money. Because the program wasn’t narrowly targeted — virtually every small business in the country was eligible — it benefited some companies that didn’t need the money, and loose fraud controls allowed scammers to skim off billions.”