Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By An Objectivist Individualist (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

On Covid-19 Spending from letter from Craig Rucker of CFACT

% of readers think this story is Fact. Add your two cents.


Adjusted for today’s dollars the Second World War cost $4.1 trillion. 

The United States just committed to spend an additional $1.9 trillion, boosting total taxpayer pandemic spending to over $6 trillion.

This is half again what it cost to liberate the world from fascism. 

We posted policy details and an extensive financial breakdown to CFACT.org.

The U.S. has not yet finished spending the funds from the last rounds of COVID relief.

Sadly, combating the virus and its economic impact is merely the tip of this latest $1.9 trillion fiscal iceberg.  The bulk of the spending in the “American Rescue Plan Act of 2021″ goes to a colossal left-wing wish list and a cornucopia of good old-fashioned government waste, albeit on a 21st century scale.

The Foundation for Economic Education calculated that total federal COVID spending just hit $41,870 per taxpayer.

Less than one percent of the latest spending goes to vaccines.  Only ten percent is directly related to the virus. 

Here’s a sampling of where the rest will go:

  • $350 billion to cities, states and Indian tribes, including those running fiscal surpluses.  The methodology was changed to favor states that voted for Biden.  Enjoy your $26 billion windfall, California!
  • $169 billion to schools and colleges, including those that refuse to open.  Where’s the party teachers’ unions?
  • $422 billion in $1,400 per-person stimulus checks, including to those who never missed a paycheck and even federal prisoners.
  • $58 billion to bail out union pension plans.
  • $25 billion in increased Obamacare subsidies.
  • $30 billion to AMTRAK and transit agencies.
  • Expansion of the child tax credit from $2,000 to $3,600, extending the credit to people who don’t work for the first time, effectively ending the Clinton-era work-based welfare reforms.
  • $1 billion in loan forgiveness for farmers based on “racial justice.”  Didn’t the Civil Rights Act of 1964 forbid discrimination based on race?  The Left is calling this the start of “reparations.”
  • $50 million in environmental justice grants.  Whom do you think will receive those?

America’s national debt is approaching $30 trillion.  What if (heaven forbid) we had to fight an actual world war?

Craig Rucker is President of CFACT.


Charles’ Comments:

The Covid-19 pandemic has certainly highlighted the many harms promulgated by our governments.  The NIH and Dr. Fauci provided funding for gain-of-function research on coronaviruses in a Wuhan biological laboratory known to have inadequate safety procedures and whose employees were the first known to suffer the Covid-19 disease.  Then the federal, most state, and many local governments over-reacted with shutdown orders to large portions of the private sector economy.  Most schools were shutdown, forever depriving American children of about a year of much needed education.  Now, many state and local governments are inhibiting the distribution of the vaccines.  The Craig Rucker letter above directs our attention to still more of the harm our federal government has done to us.

Those who rule in America are incompetent to perform the excessive scope of function they have taken upon themselves in their quest for power.  Those who desire power over others are generally people of low moral character as well.  When they are not intending to do harm, they are sufficiently unthinking that they simply do not understand the harm they are doing.  Craig Rucker ends his letter with that classic Ronald Reagan quote:

“Government is not the solution to our problem; government is the problem.”





Source: https://objectivistindividualist.blogspot.com/2021/03/on-covid-19-spending-from-letter-from.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.