Scaramucci: We Need $4 Trillion To Stabilize the U.S. Economy
EXCERPT:
SCARAMUCCI: “When I did the calculations today, in World War II, Don, we spent 20 percent of the GDP in deficit spending. We are now fighting an invisible virus globally, and we need a $3.2 trillion stimulus. 800 for the Andrew Yang program. That’s $3,000 per adult, you know, $1,500 for children. This is for people below, making $85,000 a year. They need a $2 trillion gift and granting or lending program for large and small businesses around the United States, and the large businesses have to commit to no layoffs and no share buybacks, and then the last piece of this is $150 billion going to the nation’s hospitals and to create hospital tents where they’re going to be necessary."
LEMON: "So how much are you talking in total?"
SCARAMUCCI: "It’s $3.2 trillion on top of the trillion we’re already spending. It’s a $4 trillion spend."
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