Considered objectively, Biden’s $1.9 trillion so-called “virus relief” bill, which the Senate narrowly passed on March 6, is one of the greatest heists in all of American history. The only things that even come close to it are all of the of other similar “stimulus” bills that have been passed under one pretext or another over the last few years.
A little bit of simple math should be enough to show this. This latest bill calls to make $1,400 stimulus payments to each American making $75,000 per year or less, or $2,800 payments to couples making $150,000 per year or less who file their taxes jointly. Assuming — generously — that there are 200 million people who meet those criteria in America, that comes out to a total of $280 billion.
But the bill calls for $1.9 trillion in spending.
So, what in the world will the rest of that money be spent on? A further $50 billion is set to be allocated to helping struggling small businesses, but that still only brings us up to $330 billion.
The fact that the spending devoted to these two crucial areas barely even scratches the surface of the total spending in this bill should make everyone immediately suspicious of it.
As said, the bill is basically a massive heist — done by way of inflation and committed by Schumer, Pelosi and the other Democrats — meant to pay off many of the Democrats’ favored constituencies and interest groups.
Robbing the American People While Pretending to Help Them
If a rundown of what’s in this bill doesn’t outrage you, you should probably check your pulse. For one thing, it sets aside $350 billion in funding for schools. This might seem justifiable given how much kids have suffered from not being allowed to go to school, but as Press Secretary Jen Psaki made clear, schools will be receiving those funds whether they choose to reopen or not. Factor in how notoriously corrupt teachers’ unions are and how egregiously inefficient the public school system is, and you have what essentially amounts to a bribe for a special interest group.
There’s also an $86 billion bailout of collapsing union pension funds, which has nothing whatsoever to do with virus relief.
There is no requirement that any of the 185 pension funds which will be bailed out with this money pay any of it back.
Even San Francisco — Nancy Pelosi’s hometown, incidentally — will be getting a payout. Stimulus money will erase most of the city’s projected $650 million deficit over the next two years. And of course, Chuck Schumer can’t leave himself out. New York state will be getting enough bailout money to wipe out its budget deficit entirely.
Plus, Pelosi is now saying that more such bills will be needed.
The unmitigated gall of these criminals is unbelievable.