"Nancy Pelosi has unveiled an 1,800 page bill that provides for more than $3 trillion in new spending, ostensibly linked to the coronavirus.
In fact, it is mostly a liberal shopping list.
This is, in summary form, some of what the bill contains:
* Nearly $1 trillion for state and local governments, ostensibly to make up for anticipated budget shortfalls due to the virus...
* $100 billion for “stimulus funding” for education. This has no apparent relationship to the coronavirus.
* Forgiveness of federal and state student loans, up to $10,000 per person. Again, no relationship to the disease.
* $75 billion in “assistance for homeowners.” I take it this is to make up for missed mortgage payments. Also, $100 billion “to help low-income renters avoid evictions.” So taxpayers will be paying other people’s rent as well as mortgages.
* State transit authorities would get $15 billion. I am not sure why. So more mass transit can help the next disease to spread faster?
* $75 billion for the U.S. Postal Service. Just because.
The House will pass Pelosi’s monstrosity on Friday–without having read it, of course.
Read all.
Read all.
No comments:
Post a Comment