Failure is essential to learning.
Doing the same thing again and again is the opposite of learning.
Much of it will never come to pass. For example, the part that constitutes Social Security can and almost certainly will be mostly wiped away in an instant by increasing the retirement age by a few years and increasing the payroll tax cut-off.
And I'll bet you a beer that the $132 trillion figure is calculated using year-of-expenditure, not constant dollars, which means the predictions are literally inflated.
I tried to confirm but couldn't find the original sources and methodology. AFAIU year-of-expenditure is typical and best practice for long-term budgeting, but laypeople invariably compare it to constant dollar costs, which makes such figures seem larger than they really are, particularly when they include up to 75 years of monetary inflation. For example, California High-speed Rail is always quoted in year-of-expenditure. Much of the difference in the original ~$30 billion figure to the current seemingly insane ~$100 billion figure is because the construction timeline was stretched out by another decade or more since the original proposal. The longer construction takes, the more inflation figures into projections, the greater the figures, the less public support there is, the more construction is delayed by scared politicians, etc. It's a horrible cycle.
Some additional spending on unemployment insurance, SNAP, and some other programs that are going to be hit harder with millions of people out of work overnight. But overall, there is actually more spending directed towards businesses here than towards individuals ($775b for business vs $560b for UBI and unemployment).
https://i.redd.it/7ji35fxrq4p41.png
It's pretty funny to see Democrats patting themselves on the back about what a good deal they got for working americans. This is pretty much a handout to big business, and they wrote you a token check to get it shoved through.
There is some general talk in the house (in particular on the left) that this isn't really enough to handle what is shaping up to be a 4-6 month crisis at absolute minimum and we should do additional payments in the future but that's not what passed, and it's unclear whether the Senate has any willingness to pass anything further.
The Senate took off from DC for a month so nothing will be done before they get back. On this or any other coronavirus-related legislation.
I for one really regret I haven't been chipped yet from Bills ID2020 program. I wish it could be funded. The only people who could be against it are the anti-science nutters.
I'm sure the EULA of the chip program will include both a robust privacy policy and a CoC.
After this one is over, perhaps we can add a few billion for research into diseases like Alzheimer’s, Parkinson’s, pancreatic cancer, etc ...
...and the millions that Bill Gates asked for pandemic research 5 years ago.