News

Coronavirus bill more than double the size of FDR’s New Deal: How it compares

Coronavirus bill more than double the size of FDR’s New Deal: How it compares

If enacted, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) will be the single most expensive piece of legislation in U.S. history.

His New Deal, which was actually a large number of bills passed over several years rather than a single piece of legislation, cost $41.7 billion in 1933 dollars, which is the equivalent of $856.1 billion today.

Marshall Plan - $144 billion, adjusted for inflation

The Marshall Plan cost $13.3 billion when enacted -- the equivalent of $144 billion in 2020 -- and was signed into law by former President Harry Truman in April 1948.

Great Recession laws - $1.8 trillion combined, adjusted for inflation

Source: www.foxnews.com
Please Help Us Keep this Site Running

Thank you for the donation

 
 
 
Powered by Stripe
Subscribe to our Newsletter

Latest News, Photos & Videos