Covid Aid Legislation? Rubbish! WSJ:$1 trillion in “expansions of progressive programs, pork, and unrelated policy changes.” $350 Billion to Bail Out State Governments Who Shut Down Their Economies

Posted by freedomforall 1 week, 3 days ago to Politics
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What did we expect from Moron Leftist Liberals? Idiotic Unjustified, Wasteful Spending.

"A quick spotlight on agencies and entities receiving “coronavirus recovery” money in the bill includes:

$350 billion to bailout the 50 States and the District of Columbia. The allocation formula uses the unemployment rate in the fourth quarter of 2020. Therefore, states like New York and California –who had strict economic lockdown policies and high unemployment – will get bailout money. States like Florida and South Dakota – who were open for business – will get less.

$128.5 billion to fund K-12 education. The CBO determined that most of the money in education will be distributed in 2022 through 2028, when the pandemic is over.

$86 billion to save nearly 200 pension plans insured by the Pension Benefit Guaranty Corp. There are no reforms mandated while these badly managed pensions are bailed-out. Many of these pension plans are co-managed by unions.

$50 billion goes to the Federal Emergency Management Agency (FEMA). A portion of these funds is earmarked to reimburse up to $7,000 for funeral and burial costs related to COVID deaths.

$39.6 billion to higher education. This amount is three times the money – $12.5 billion – that higher ed received with the massive CARES Act funding from last March.

$1.5 billion for Amtrak – the National Railroad Passenger Corporation. In FY2020, Congress appropriated $3 billion for Amtrak ($2 billion in annual appropriations, plus an additional $1 billion in the CARES Act COVID relief bill). In the three years before the pandemic, AMTRAK lost $392 million – even after a $5 billion taxpayer subsidy (FY2017-FY2019).

During the past three years, Republicans and Democrats have helped drain the U.S. Treasury from the left and the right. Our national debt increased from $10 trillion (2008) to $19.6 trillion (2016) to $23.6 trillion (2020) and stands at $28 trillion today.

Continuing coronavirus responses and bloated legislation will drive the national debt much higher."
SOURCE URL: https://www.zerohedge.com/political/heres-how-much-wasteful-spending-new-19-trillion-stimulus-bill


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  • Posted by 1 week, 3 days ago
    “If that’s not bad enough, Nancy Pelosi plugged in a $200 million earmark for an underground tunnel in San Francisco for Silicon Valley employees,” Banks said. “This is a bailout to the special interest groups that gave them power.”

    The fact sheet also pointed out that the $50 million for EPA environment justice grants is a “thinly-veiled kickback to leftist environmental groups.”

    Under the category of the “left’s social justice agenda” billions are given in loan forgiveness and subsidies to “farmers and ranchers on the basis of race and ethnicity,” the RSC fact sheet claimed.

    The RSC also identified $600 million for additional paid leave for federal employees and postal workers.

    The RSC claimed that Biden’s bill is keeping schools closed.

    It pointed out that the bill provides $130 billion on top of the $110 billion already given to schools, even if they remain closed. Plus, the bill gives labor unions—including those teachers’ unions fighting against school reopening—access to the Paycheck Protection Program (PPP) funding worth up to $10 million per union.

    The RSC went on to claim that by raising the federal minimum wage to $15 per hour, the bill is “job-killing,” and 1.4 million jobs will be lost, with younger Americans with less formal education being hit the hardest.

    The RSC also said providing a weekly $400 bonus for up to nearly a year and a half would make 53 percent of Americans effectively get a raise for being unemployed. Thus it won’t encourage people to go back to work."
    https://www.theepochtimes.com/whats-h...
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    • Posted by $ Markus_Katabri 1 week, 3 days ago
      I’m considering COVIDing out myself. If I was within 2 years of retirement anyway I’d do it. Better to accelerate the decline and hope THEY lose control of it. Besides our country is so hopelessly bankrupt now, we could tax people at 100% and never pay all the liabilities. Dollars are effectively worthless. Most people just haven’t acknowledged it yet.
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  • Posted by $ Ben_C 1 week, 2 days ago
    By design. Cloward - Piven at its best. The goal is to bankrupt the country. From the ashes the United Socialists States of America will rise. The useful idiots have no clue!
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