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Saturday, May 1, 2021

The US stimulus packages under Trump and Biden.

Trump (2020):

1. $2.2T Cares Act

2. $2.3T Omnibus Act

3. $3T Heroes Act

4. $484B Coronavirus Bill


Biden (2021):

1. $1.9T American Rescue Plan

2. $2.7T American Jobs Plan

3. $2.3T American Infrastructure Plan

3. $1.8T American Family Plan


The US has increased its debts by US$16.7T in 2020 & 2021 insofar.


Is anybody concerned at all?

1 comment:

Eric Ho said...

The US has just spent the entire GDP of China in less than 2 years.

Scary!