#Wise-people just don’t spend money they do not have. Wise being the key word.
Rep. Jim Banks (R-IN), chairman of the Republican Study Committee (RSC), wrote in a memo to RSC members Monday that the Democrats’ coronavirus bill is stuffed with “special interest pork and other liberal goodies.”
Institutes a $15 per hour minimum wage, which the Congressional Budget Office (CBO) contended would result in 1.4 million job losses.
Unemployment benefits would rise to $400 per week on top of regular payments. This would last for up to roughly a year and a half.
The RSC contended that, under the plan, over half of Americans would get a raise for being unemployed, meaning that this might hurt employment.
Democrats blocked an amendment that would ensure that federal benefits from COBRA health insurance are not used for abortion services.
Stimulus checks could go to families in which a parent is an illegal alien.Allows subsidies for COBRA premiums to go to illegal immigrants.“
Unconscionably” gives labor unions, including teachers unions that are fighting against school reopenings, access to Paycheck Protection Program (PPP) funding up to $10 million per union.
Allows funding to go to colleges that have partnerships with owned or controlled companies by communist China.
Democrats rejected a Republican proposal to fix this.Allows funding to go to colleges and universities that have partnerships with Confuscious Institutes.Provides $1.5 billion to Amtrak, even though the transportation company is sitting on “roughly $1 billion of unspent aid.
”Provides a $350 billion bailout for state and local government despite limited declines in overall revenue in 2020.Eliminates the income restriction that prevented wealthy Americans from qualifying for the Obamacare premium subsidies.
Expands eligibility for PPP funding for large nonprofits, labor unions, country clubs, and publicly-traded internet news organizations.
Banks contended that this would crowd out small businesses’ access to PPP loans.Provide $50 million in funding for Environmental Protection Agency (EPA) environmental justice grants, which the RSC believes is a “thinly-veiled kickback” to leftist environmental groups.
Extends PPP funding to violent criminals, including those who have been found guilty of assault on a police officer and consensual sexual crimes.
Grants $800 million in additional foreign food aid.
When was the last time anyone in our government bothered to look at the national debt??
Get out your puking bucket; you gotta get sick.
All the big wigs do is print more money and never look at the consequences. The more money printed, the less it is worth.
Chew on this:
$1 in 1800 is worth $20.76 today
A dollar today only buys 4.82% of what it could buy back then. The 1800 inflation rate was 2.44%. The current year-over-year inflation rate (2020 to 2021) is now 1.40% 1. If this number holds, $1 today will be equivalent in buying power to $1.01 next year.
Keep printing those dead president fellas and doing your #illogical #giveaways. One of these days soon, the day of reckoning is going to come knocking and it will be a rough one.
Like everything else the government has their fingers in; they put on the blinders hoping things will get better by themselves, BUTT they never do.