Which would have been better for the US Economy?

The United States allocated $484 billion for PPP loans. These loans would be given to business owners and if they played the rules correctly... would not have to be paid back.

There were (roughly) 113 million taxpayers in 2019. If we would have given the 2019 taxpayers an even cut of the $484 billion... they would have received $3000 in 2020.

Do you think that would have been better or worse for the economy?

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SW-User

I don't think either scenario is a good one. I think no matter which way we went, printing more money and throwing it at a problem is merely a band aid on a moment in time.

SW-User

@SW-User In many ways, I agree. $3000 isn't enough to pay pandemic rent for those that lost their jobs.

I handed out food last Sunday and I wondered what life would have been like for these people had they received $3000.

SW-User

@SW-User That was a nice thing to do. I can understand why your mind went there. I'm very concerned over where we will be headed these next few years. I fully expect to see a lot more people homeless, living on the streets, and lining up at food banks. We've entered a terrible new inflationary phase in our history.