Fool Us Once, Shame on You; Fool Us Forever, Shame on Us All
The idea that Nancy Pelosi was going to save us from the COVID crisis should have been laughed out of town long ago.
by Veronique de Rugy
October 29, 2020, 12:05 AM
Why people continue to trust government officials is a mystery. Often disconnected from the problems at hand, their policies also often contradict their supporters’ frequently expressed beliefs. While suffering from cost overruns and increasing budget deficits, these policies handsomely reward their cronies, too.
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.
It’s right to help those low-income Americans hurt by the pandemic-induced recession. But that relief bill shouldn’t cost anywhere near $2 trillion. 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.
The $500 billion “skinny†stimulus bill proposed by Senate Republicans is more in line with the current circumstances.
Making matters worse, the White House and Democrats want to spend that $2 trillion on the same programs as before. Given the flaws exposed in the previously approved programs, this repetitiveness is inexcusable.
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https://spectator.org/cares-act-pelosi-government-officials/
