A good example is the latest attempt to pass yet another COVID-19 relief bill.
House Speaker Nancy Pelosi called Republicans' failure to agree to her $2.2 trillion bill "Malfeasance." Never mind that the White House's $1.8 trillion proposal was right up there with hers.
Think about this: When the economy was more solidly locked down back in March, unemployment was above 14 percent; growth was collapsing; people were scared; and when politicians were throwing all the money they could grab at anything that crossed their minds, Congress passed the $2.2 trillion Coronavirus Aid, Relief and Economic Security Act.
Today, unemployment is down by half; the economy is growing again; pretty much everything is improving; but both the Democrats and the White House still want another $2 trillion.
Making matters worse, the White House and Democrats want to spend that $2 trillion on the same programs as before.
The overall coronavirus relief bill returned 60 cents in economic growth per dollar invested.
They still propose what is effectively the Coronavirus Aid, Relief and Economic Security Act 2.0.
https://reason.com/2020/10/29/dishonest-politics-and-coronavirus-relief/
No comments:
Post a Comment