Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Ralph G asked in Politics & GovernmentPolitics · 1 month ago

Unspent Stimulus money - what was it earmarked for?

There's got to be some good reason it hasn't been spent yet.

4 Answers

Relevance
  • Anonymous
    1 month ago
    Favorite Answer

    I think this is a reasonable question from people who might be skeptical about the new stimulus Bill. One of the Republicans talking points and trying to drum up opposition's a bill is that there's already a lot of stimulus money which is been unspent. I've heard various figures, but it's significant. Any application is that we shouldn't need more stimulus if we have money which we haven't even spent yet.

    But I think this question relies on sort of a misunderstanding of how the stimulus is work. I ain't that a lot of people figure that once the bill is passed all the money is spent pretty much right away. But that's not the case. A number of provisions of previous stimulus bills were designed to Dole out the money over time. For example, the initial stimulus bill which was passed in 20/20 had a $400 week expansion to unemployment benefits. That was replaced in the stimulus bill passed in December with a $300 expansion. That $300 expansion ran until next week. So if you were talking about unspent money in February there would have been some of that that was unemployment benefits for people. There's other aspects of the previous stimulus plants that have been designed to be doled out in increments rather than in one big chunk. There's also pools of money that were set up for specific purposes, such as bailing out specific Industries, which has not yet been spent because individuals or organizations that are eligible for that money have not yet plaid for it. So I think that the idea that we shouldn't do new spending because all the old money hasn't been spent yet is a bit problematic. In some cases this new spending is meant to keep the old spending going. As I said, the enhanced unemployment benefits from the December bill we're scheduled to run out next week. This new bill will keep them going through I believe the end of September. In other cases, the money might be addressing problems which were not addressed in previous bills. For example, this new stimulus Bill includes money to help entertainment venues, such as theaters and concert Halls, survived the pandemic related shutdown

  • 1 month ago

    lots of things -- contracts haven't been let yet which is why still unspent

  • John W
    Lv 7
    1 month ago

    It's money earmarked for Republican campaign contributors that they didn't qualify for.

  • Anonymous
    1 month ago

    Biden's stimulus is for the American people. Don't believe the lies.

Still have questions? Get your answers by asking now.