There are 247M Adults. 70% have < 1k in savings. $1k/adult = $247,813,910,000 or $250 Billion/Month and $2,973,766,920,000 or $3.0 Trillion/Yr, against existing budget of $3.438 Trillion and $4.829T spending w/ $1.4T Debt. So, $1k/adult=.7×2.4T = $173,469,737,000 or $173B.
Source date (UTC): 2020-03-16 18:35:54 UTC
Original post: https://twitter.com/i/web/status/1239621427831193601
Replying to: https://twitter.com/i/web/status/1239620631626428416
IN REPLY TO:
Unknown author
But… That’s $173B that goes directly into the economy, bypassing the financial system. So whereas x billions loaned for credit from the treasury, inflates by say ten times (reserve limits), and slowly puts consumers into debt, this rapidly affects spending without rent seekers. https://twitter.com/curtdoolittle/status/1239619365143707648
Original post: https://x.com/i/web/status/1239620631626428416
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