Where Do We Get $2,000,000,000,000?

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 26 March 2020

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

The COVID-19 rescue bill is the largest ever. Where will that money come from? | Subscribe to our weekly newsletter here.

Transcript

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0:00.0	This is Planet Money from NPR.
0:04.0	Robert Smith is here.
0:07.6	The bill is here.
0:08.4	We got it.
0:09.4	It's 883 pages.
0:10.7	More importantly, $2 trillion.
0:14.4	It's the government's economic rescue plan for COVID and we have never seen anything like
0:19.0	this in our lifetime.
0:20.7	It's hard to get your head around it.
0:23.1	Everyone gets something.
0:24.1	So, if you're listening stuck at home, the US government will probably be sending you
0:28.3	a check for around $1,200.
0:30.6	If you've lost your job, you will get even more cash.
0:33.5	Small businesses get grants, big businesses get loans, hospitals, cities, states, all get
0:40.4	a lifeline.
0:41.7	Even alcohol manufacturers.
0:44.2	Even alcohol manufacturers get a little tax break if they're making alcohol for hand sanitizer.
0:49.2	There's so many details in this bill.
0:50.6	We're going to be covering it essentially for the rest of our lives.
0:54.1	But for today, we just want to focus on the magnitude, on the $2 trillion.
1:01.7	Guatro Gormath.
1:04.1	It is inconceivable this number.
	...

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