We have already spent 6,4 trillion dollars in COVID-19 relief. But, did we spend the money wisely? I am not sure. Here is what we spent the $2.2 trillion CARES Act, passed in March 2020; the $2.3 trillion HR 133, passed in December 2020; and the $1.9 trillion American Rescue Plan, passed in March 2021. But, what if we gave every taxpayer a share of that money? Every taxpayer would get $41,000. If we gave every citizen a share they would get about $18,000 each.
A family with three kids would have received $90,000 at $18,000 each. Not only would it help families survive, but it would have stemmed the flow of people living off their credit cards, and people spending the money would have stimulated the economy. It would seem like that could have been the better way to go. I think it should have been tax-free and in one lump sum.
As Brad Polumbo of the Foundation for Economic Education notes:
The COVID spending bills have all lost huge sums of money to unrelated carve-outs, politician pet projects, corporate bailouts, fraud, waste, and worse.
In the latest $1.9 trillion package, more than 90 percent of the spending is not directly related to containing COVID-19. Only 1 percent of the money, about $15 to $20 billion, is spent on vaccines. Meanwhile, hundreds of billions go to bailing out poorly managed state governments’ budget holes that predate the pandemic and $86 billion rescues failing pension plans. Meanwhile, billions more go to Obamacare expansion and subsidizing public schools long after the pandemic.
I don’t understand why biden wants to give stimulus to homeowners. They have so many ways to raise cash(refinance, reverse, etc). The renters are the ones that need help. OH I forgot democrats robbing the rich to help the poor. Thanks media for helping them get by with this.
Why exactly do renters need help when they have CHOSEN to rent over buy?
No, Angela, I did NOT “choose” to rent over buying. I’m disabled. I’d be homeless without my HUD housing voucher.
You can’t be serious… “owners” have mortgages just like renters have rent payments. And believe me, the banks aren’t anywhere ner as lenient as our government is with our present “no evictions” mandates. I have a few rentals; one party owes me $9k, another owes me $6k, two others owe me $2.5k each, but I have NO leverage as I’m not allowed to evict them. That’s $29k of MY MONEY that I will never see. Thank you.
Democrts would NEVER give the American people that much money. They think we are all blithering idiots incapable of handling that much money. Only THEY know how to spend OUR money. They want us poor and destitute and at their mercy for anything they think we deserve, and it will be little to nothing. Crappy government housing and food stamps that will not allow us to eat what we choose. THIS is the democrat American dream.. EVERYTHING for them (the bureaucrats and politicians0 nothing for us.
Get the torches and pitchforks ready.
The government only knows how to waste money, not use it.
The $40,000 the are spending is all future debt to us. So, giving it back to us is merely a loan to us that is being used by politicians for their own benefit. It is up to us to put a stop to this foolishness.
Jim
if ANYONE thinks that MR. bidens plans DOES NOT increase their taxes, they are living in la la land…you know damn well that the wealthy will hide their money, so where does that leave us? the TAXPAYERS will be on the hook for these plans…IMPEACH BIDEN
Yep, when the gov’t spends more money, and tax business and manufacturers, including the industrials, they pass the increased taxes to the consumers(us) in higher prices of their product, meaning we pay it, plus we have to pay more taxes directly to the gov’t, it is our money, you and I, and the administration including congress is stealing it. Putin is right little difference in Russia and the US now.
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Damnocrat and spending money wisely is an oxymoron. LOL
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What you are seeing is the Rape of the United State’s of America! Done by worldwide industrialists, unfriendly foreign powers, and the greedy in our own Government. Even if this is stopped NOW, it will take at least four generations to regain what we had during the Trump Administration. President Biden, poor demented Joe was fraudulently elected so that he is a “talking head” for those who take everything away from us, leaving nothing behind but debt, ruin, and desolation that we did not deserve, nor ask for. In order to survive, I have had to stop all political contributions, contributions to the poor in ANY Nation for whatever reason, and get skimpy to my Church! I suppose that this was the reason why this was done. Well, we have faced worse before, and come out of that in One Generation being the “Arsenal of Democracy”, and we can do it again in a shorter time with better leadership than Biden and his “controllers”. We have dealt with Traitors before, and will again. I have been a poll watcher before, and will again.
I hear exactly what you are saying. Stealing the wealth of hard working Americans who pay their taxes and are charitable to those in need are now at the mercy of the robber barrons in Washington DC. They take to satisfy their power over us, knowing that they will never be brought to justice. Greedy power hungry politicians are bankrupting our country at breakneck speed and placing the debt they create on the people who elect them to office. If the 2022 Election is stolen again by these criminals and nothing is done about it we will all suffer at their hands. Biden is a Marxist/Communist/Socialist and is controlled by the NWO Globalist who are trying to kill the American Republic and establish a One World Government under their rule. Our Republican Senate and House of Representatives are all talk and no action. What they have been doing is entertaining us with their Dog and Pony Show each time they claim to hold someone accountable for violating the law but no one is prosecuted and sent to prison for their crimes when the guilt is exposed.
Now that inflation is eating up our savings I have stopped contributing to any of these Washington DC do nothing politicians. Not another dime will they see from me. I will continue to contribute to those in need as long as I can but it may not last if nothing is done to stop Biden’s rampage.
They don’t need our nickels and dimes when they have the Fuckerbergs of the world to push their liberal agenda.
So, the scam goes on and on, steal, call it jobs programs, call it infrastructure, when the bill is passed we find out we have scammed future gens. of america of 41 thousand, all for 1200 bucks they paid, their plan now has over half of that money missing from the plan, some not spent at all, and want more. We are stupid if we keep these AH’s in power!
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