A Breakdown of Biden’s Debt-Funded COVID Relief Program
We reviewed the 592 page Biden COVID Relief / Stimulus bill which recently became law. Our breakdown includes the nine primary spend categories and related subcategories as presented in the bill. Needless to say this is a massive debt-funded fiscal spending program at a time when Debt to GDP is at a record level. The bill does its best to obfuscate the truth by presenting information in a manner that makes it difficult to identify the relevant figures and information (not a summary table to be found anywhere in the bill). The Federal Reserve is about to take its balance sheet from $7.6 Trillion to approximately $9.5 Trillion to subsidize this program. And so like Sisyphus, future generations will face an uphill battle dealing with the fiscal sins and resultant debt burden created by this current crop of politicians. Below you may access our breakdown as well as the raw bill before it was signed into law.