President Joe Biden and the Democratic Congress are giving many Americans a check for $1,400, and it will only cost them $5,929 each.
That’s the share for every man, woman and child in the country of the $1.9 trillion partisan COVID-19 relief package passed by Congress over the weekend.
The price tag amounts to half the $3.8 trillion the federal Treasury expects to take in this year in tax revenue. And it comes on top of the $3.4 trillion in pandemic spending approved last year under President Donald Trump, for a total cost per American of $10,269.
Democrats pushed through this bill so they can take credit for rescuing an economy that is already in recovery. Notice how they trash-talked the February jobs report, which indicated 379,000 jobs were created in February, more than twice the new jobs in the adjusted January report.
Even before the reckless COVID package passed, economists were projecting first quarter growth would come in at a robust 3.2% rate.
Flooding the economy with nearly $2 trillion in deficit spending at a time when it is poised to boom coming out of the pandemic is unnecessary and, worse, potentially inflationary.
The economy doesn’t need artificial stimulation, and most Americans don’t need a gratuitous check from the government. Despite the pandemic, household incomes grew 6.8% in 2020, and savings grew by an extra $1.3 trillion, money that will presumably be unleased as the shutdowns go away.
But many Americans are suffering and need help. Instead of targeting relief to them, Biden and the Democratic Congress printed an extra $1.9 trillion and shot it out of a confetti cannon.
Democrats seized the opportunity to spread the money to as many of their constituent groups as possible.
The Wall Street Journal said just $825 billion will go to actual COVID-19 relief, while $1 trillion will fund a variety of progressive programs and pure pork.
Examples include more than $1 billion for various museums and art programs; $350 billion to state governments, allocated based on unemployment, which are higher in Democratic states where shutdowns were tighter; another $122 billion for schools, most of which will be spent after the pandemic is over; $1.5 billion for Amtrak, four times the amount the train system lost last year, and $86 billion to bail-out pension plans.
Perhaps the most curious on a list of baffling appropriations is $5 billion to forgive the federal loans of all minority farmers, plus a 20% premium on the loan for their pockets. Struggling white farmers got no such relief, which calls the constitutionality of the allocation into question.
Is this really the kind of spending Americans want to take on nearly $6,000 each in extra debt to support?
The national debt has surged by more than 200% since 2008, to $28 trillion. Before this latest stimulus/relief package, the individual share for every American was more than $84,000.
When the debt numbers reach the point where paying them off is an incomprehensible concept, the tendency is to just shrug and keep spending. What’s another $2 trillion piled on a mountain already out of reach?
Or even $2 trillion more? That’s what’s up next to pay for Biden’s infrastructure plan, which he hopes to have signed by July 4.
With the nation’s roads and bridges crumbling and sewers and water lines rotting, that expenditure could be swallowed as a worthy investment, and one that might pay off in increased commerce.
But just like the COVID-19 package, the infrastructure proposal is being twisted by Democrats to please special interests. So instead of repaving roads, rebuilding bridges and replacing water lines, much of the money will go to social justice experiments and renewable energy boondoggles.
Who cares, right? Since we’ve already passed the debt doomsday mark, we may as well keep partying while we wait for the implosion.
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The writer of this article from my home state of Michigan, did not want Trump re elected and now he is complaining about Biden? This is like the article yesterday, regarding the so called Evangelicals, who voted for Biden and who believed that Biden was going to be “pro life” once elected. I always said, I am far from the smartest person in the world, but when it comes to being a common sense, logical realist, that is where my “PHD” is.
Exactly. WHAT ELSE did these cretins, think would happen, if the got their way and booted out trump?? That biden would some how make the USA better???
Keep in mind out of this 1.9 Trillion dollar “COVID-19 relief package” Con, Deception and Lie passed by ONLY Congressional Democrats gives ONLY 9% to COVID-19 relief.
and gives 91% of the 1.9 Trillion dollars to the Democrat Party in the form Traitorous destructive agendas, Democrat Party mismanagement bailouts and future Election manipulations.
It becomes vitally important for the Democrat Party to use all of its powers to repress dissent, for the truth is the mortal enemy of their lies, and thus by extension, the truth is the greatest enemy of the “Democrat Party.”
What made ME scratch my head, is even AFTER removing some items, they STILL CLAIM it’s 1.9 tril.. WASN’T that the figure BEFORE THOSE ITEMS Were removed?? So why then is it STILL the same amount??
“….So instead of repaving roads, rebuilding bridges and replacing water lines, much of the money will go to social justice experiments and renewable energy boondoggles.”
What fun is it building roads and replacing stinky sewer lines? What we really, really, totally really need is a living wage for street performers…..No money for mimes! I find them to be less than entertaining. They always look lost.
I can get that from any Biden clip.
We are plaqued with a corrupt and evil administration in D.C. and the nightmare leader is in the white house. They are working really hard to bring down America and the American people.. jobs are lost, illegal aliens are flooding the country to get what they can from America, Prices for fuel and energy are going to rise, ,,, Beijing Biden has stabbed the American people in the back and every day, he twists that knife in deeper and deeper… Never in my life did I ever think we’d have a government who hated America and the American people.. our great grandchildren are going to pay the pice for their insane spending of our tax dollars… Never in my life did I ever think I’d see America being destroyed from within… the Destruction of America and the American people is in progress….
Worse, we’re plagued by a FECKLESS GOP, a USELESS justice system, and a corrupt court system.
You forgot the state run education system and the Democrat owned and run propaganda arm sometimes know as the “Main stream national media”
I didn’t forget them..
It’s a great deal if you’re a non producing leftist welfare recipient.
Right. It isn’t going to cost them nearly six grand, since they don’t pay income tax.
OR the millions of illegal invaders.. THEY WON’T have to suffer with their hard earnd income, being STOLEN To pay for this.
“President Joe Biden and the Democratic Congress are giving many Americans a check for $1,400, and it will only cost them $5,929 each.” That is unless you’re in one of the basically bankrupt union pension plans. For you it is a bargain; For just $5,929 you get a fully funded pension that probably includes medical insurance until 65. Or you’re in a public employee union in a state like Kommiefornia where your pension is only 60 to 70 percent funded. Plus all the other Commie run states that are getting bailed out. The rest of us are screwed.
This sounds good for most if its free. I say they need to make sure every Senior on Social Security needs to get one of these checks. they have more than paid their dues. If it goes thru IRS then only the people who filed will get a check . not the ones who should. Not concerned w the Unions, they are the ones who stood behind Biden and he screwed them over. I doubt if they get what he so called promised. Best we find a way to get him out of office before there is nothing left to worry about..
Not to mention the Boston bombing murderers will be receiving a stimulus check also. ***!!!!
SO will all illegal invaders… apparently.
The Democrat leaders are disgusting . No sane person could find one redeeming quality in any of them. How embarrassing to have some mentally disabled president foisted on our country.
And how MORE embarassing it is, to have so many folks in the US< willing to vote for them, time after time.
Democrat (non)logic is to do this again soon and often with increasing dollar volumes each time.
Unfortunately, some people are so delusional that they will think this is a great idea and thus re-elect the criminals who hatched this scheme.
Stupid is as stupid does.
OF course they are. THAT IS WHY they keep voting commucrat.