Biden stimulus showers money on Americans, sharply cutting poverty and favoring individuals over

[Yo_Mama_Been_Loggin]

businesses

President Biden’s stimulus package, which passed the Senate on Saturday, represents one of the most generous expansions of aid to the poor in recent history, while also showering thousands or, in some cases, tens of thousands of dollars on Americans families navigating the coronavirus pandemic.

The roughly $1.9 trillion American Rescue Plan, which only Democrats supported, spends most of the money on low-income and middle-class Americans and state and local governments, with very little funding going toward companies. The plan is one of the largest federal responses to a downturn Congress has enacted and economists estimate it will boost growth this year to the highest level in decades and reduce the number of Americans living in poverty by a third.

This round of aid enjoys wide support across the country, polls show, and it is likely to be felt quickly by low- and moderate-income Americans who stand to receive not just larger checks than before, but money from expanded tax credits, particularly geared toward parents; enhanced unemployment; rental assistance; food aid and health insurance subsidies.

But the ambitious legislation entails risks — both economic and political. The bill, which the House is expected to pass and send to Biden within days, injects the economy with so much money that some economists from both parties are warning that growth could overheat, leading to a bout of hard-to-contain inflation. Meanwhile, some businesses are saying that government aid has been so generous that they’re already having trouble getting unemployed workers to return to work — a problem that could be exacerbated by the legislation.

https://www.msn.com/en-us/news/politics/biden-stimulus-showers-money-on-americans-sharply-cutting-poverty-and-favoring-individuals-over-businesses/ar-BB1ejEXB?li=BBnb7Kz

Wow. I got a whole $3200 from the government over the last year so I guess I'm going to stop working/s.

As for unemployment I've collected that before. Even if one takes the extra money provided by the stimulus it's not really enough to live on. The best I can say for unemployment it just means you're not going to deplete your savings as quickly.