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I'm curious where you get the 11 trillion figure for pandemic spending. Because that sounds like the total spending for all the G20 nations combined, not just t

I'm curious where you get the 11 trillion figure for pandemic spending. Because that sounds like the total spending for all the G20 nations combined, not just the US.[1] I think the US pandemic spending was "only" around 5 trillion. For comparison, the defense budget over the same period (2019 to 2021) added up to over 2 trillion. 1. https://www.cnbc.com/2020/11/19/g-20-nations-have-now-deployed-11-trillion-post-covid.html https://www.cnbc.com/2020/11/19/g-20-nations-have-now-deploy...

s1artibartfast 4y ago
you are correct that US federal spending was around 5-6 trillion. This excludes ~ 5 trillion in federal reserve spending as it pumped money into the economy, which isn't technically "government spending". Of this. ~2 trillion was spent maintaining repo and other rates for liquidity. About 1.5 trillion in mortgage backed securities were purchased, and about 2.5 trillion in long term securities were purchased.