On March 11, Biden signed his gargantuan $1.9 trillion so-called “COVID relief” bill into law. It is possibly the single greatest theft from the American people ever orchestrated.
And to add insult to injury, not only is this all being done during economically crippling lockdowns that politicians themselves have caused, but political elites are insulting the intelligence of the American people by telling them that this bill is designed to help them.
So, what’s actually in this monstrosity? Here’s the rundown.
Spending Money Like Drunken Sailors
As has by now been widely publicized by Republican opponents of this bill, less than 9% of its entire spending outlay is dedicated to anything that could reasonably be said to be associated with helping the country cope with COVID-19.
Of the total spending, $500 billion is sent over to state and local governments to bail them out and reward them for their mismanagement and fiscal incompetence. Two of the places bailed out are San Francisco — where Nancy Pelosi is from — and New York — where Chuck Schumer is from.
$400 billion is collectively spent on a set of policies that essentially reduce people’s incentives to get back to work by supplementing their unemployment benefits. When you pay people not to work, you shouldn’t be surprised when they don’t.
$350 billion is also to be handed off to schools across the country, regardless of whether they choose to open their doors and return to in-person learning or not. This is basically a massive payoff to teachers’ unions.
$135 million goes to the National Endowment for the Arts, a program that had contributed absolutely nothing of real value to American culture. A further $135 million goes to the National Endowment for the Humanities. $200 million is to be spent on the Institute of Museum and Library Services.
$86 billion will be spent to bail out a series of union pension funds.
And, of course, $12 billion will go to foreign aid.
To put it simply, most of this money would have been put to better use if it had just been gathered into a pile and set on fire.
But it gets worse. There is still money from previous stimulus packages that hasn’t been spent yet. They are passing new spending bills before they’ve spent all of the money in the old ones. Here’s what hasn’t been spent yet.
$11 billion that’s to be dedicated to FEMA hasn’t been spent yet, nor has an additional $7 billion for childcare, $5 billion for homeless assistance, and $250 million for emergency housing vouchers.
In total, all of the stimulus bills come out to $6 trillion, and $1 trillion from old bills has yet to be spent.
The new bill will take an average $17,000 from each American taxpayer. This is blatant pilfering of the American people to pay off special interests. As always, the ruling class is robbing the people.