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The IRS had issued about 150 million direct payments to Americans — totaling nearly $260 billion — to help mitigate the financial burden of the COVID-19 pandemic.
https://www.pgpf.org/blog/2020/05/how-many-coronavirus-stimulus-checks-have-been-sent-out-so-far
During the week that ended on May 23, 2.1 million people filed for unemployment insurance. That capped off a ten-week period during which a total of 41 million individuals filed a claim.
So far, federal measures to support small businesses have amounted to $760 billion.
Before the pandemic, the U.S. economy was in its longest expansion since World War II and had notably low unemployment. The pandemic and the resulting reductions in social and economic activity, however, have altered that trajectory.
https://www.pgpf.org/blog/2020/05/how-the-coronavirus-has-affected-our-economic-outlook
COVID-19 has spread to nearly every country in the world, and to help reduce the health risk and save lives, many countries have imposed limitations on business activity, congregating, and traveling.
U. S. defense spending increased substantially from 2018 to 2019 relative to other countries.
The United States spends more on defense than the next 10 countries combined.
The outbreak of COVID-19 has become both a public health and an economic crisis. In particular, the closure of many businesses has resulted in an unprecedented surge in unemployment claims in the United States.
The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
Compensation and medical care make up about 40 percent of the defense budget.
https://www.pgpf.org/chart-archive/0216_compensation_defense_budget
