Had a friend break the new stimulus bill out in basic layman terms for easier understanding.

Well, the latest COVID bill has officially passed. The US GDP is currently $21.5Trillion. The latest package is for $1.9Trillion. Basically, we’ve taken out a loan for another 9% of our annual income. If you make $70k a year, that’s like taking out another $6300 loan (after the ones you took last year and around Christmas).

For grins, I’ll base things upon a $6300 loan. What did you get for that?

Well, you’ll get $1400 back almost immediately. That’s just under a quarter of the package, and is, what they sell it on. You’re also going to send another $1134 out to States (I’ve never really understood why Texans should send money to California to cover their choices, but that’s the way we work). You’ll give $815 to those without a job (unemployment), and another $726 to aid for families and child care (above what you're already giving them). You’re going to send another $590 to schools, both grade schools and colleges, to “help reopen” (although it officially says they can use it for anything school related) cause (see above) States don’t really take care of education on their own, and because…lobbyists. $580 will go towards vaccine distribution and health care (see, there is some for COVID), $360 from your pocket to farmers and other “vital” businesses, and the remaining $700 will go towards what I’ll call misc (FEMA, renter assistance, aid to "socially disadvantaged," etc).

Obviously, if you make more and pay more taxes, your numbers will go up accordingly. This was just based upon a $6300 loan for illustration, which corresponds with what it would feel like if you made $70k. Yes, you get $1400 back right now, but that's only $1400 of your $6300 loan.