Transcript for By the Numbers: Historical context of stimulus packages
As millions of Americans struggle to make ends meet lawmakers battle over the top line price of the next corona virus relief bill which could cost anywhere from one to three trillion dollars to highlight just how huge these numbers are. We compare them to the price tags of other stimulus packages. By the numbers. More than three trillion dollars that's what congress already authorized in corona virus relief in the spring before this latest round of stimulus talks. And 2.2 trillion of that has already been spent or distributed by the federal government according to an estimate by the committee for a responsible federal budget. 800 billion dollars or about 900 billion in today's dollars busy approximate cost of the 2009 stimulus bill after the Great Recession and this was spent over at least five years. We've now spent trillions and just months. 785. Billion in today's dollars us the estimated price tag of FDR's new deal of 1933. Which helped pull us out of the Great Depression but. At that time our GDP in our population were significantly smaller and so it's not exactly a perfect comparison. And the Marshall plan at a help to rebuild Europe after World War II had only cost about 116. Billion dollars in today's dollars. Joseph seems like a bargain.
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