In The Moment … May 11, 2020 Show 814 Hour 1
The U.S. unemployment rate has surged to14.7 percent. Congress has spent 70 billion dollars on the Payroll Protection Program, which was designed to keep people employed. Jobs are vanishing, people are struggling to pay their May mortgage or rent. The first CARES Act sent stimulus payments to American taxpayers. How are we going to pay for that stimulus money? How do we pay for the Payroll Protection Program?
Maybe how we "pay for this" is the wrong question to begin with. Rick Kahler joins us to help find the truth. He is the founder and president of the Kahler Financial Group, a pioneer in the field of financial therapy, and the author of several financial books, including 2009's "Wired for Wealth."
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