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Rep. Nancy Pelosi hasn’t stopped spending money the American people do not have. She’s currently living in her mind creating another near trillion-dollar stimulus bill for the states and local governments.
Understand this ludicrous idea. The last bill that was passed for less than $500 billion and now she wants to add $750 billion, and this has nothing to do with the $2 trillion already spent and the idea of another $2 trillion for infrastructure that you will probably hear more about in the coming months.
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[FOX NEWS [3]] – House Speaker Nancy Pelosi is reportedly drafting legislation that would assist states and local governments that have seen their economy contract amid the coronavirus pandemic, but any new bill is expected to face resistance from Republicans who’ve said they have been largely left out of negotiations.
The Wall Street Journal reported Sunday that the legislation may be completed this week and inject more than $750 billion into state and local governments’ coffers. The report pointed out that House Democrats have not engaged with the GOP-controlled Senate and Republican representatives.
Rep. Greg Walden, R-Ore., said, “We’ve really not been invited into those discussions yet.”
It seems to me that the Democrats are playing a game. They keep increasing spending ideas, and if Republicans don’t jump on board, they will claim the lawmakers across the aisle do not care about the American people.
I want to say that Pres. Trump and the Republicans are finished spending money we don’t have, but alas, the infrastructure spending bill hasn’t been concocted yet.
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[AXIOS] Treasury Secretary Steven Mnuchin seemed to echo Trump’s approach to any new bill. Mnuchin, who was on Fox News Sunday, said he would like to spend a few weeks discussing the next steps.
“What the president and I are now saying is we’ve spent a lot of money, a lot of this money is not even into the economy yet, ” Mnuchin said, adding, “we just want to make sure that before we jump back in and spend another few trillion of taxpayers’ money that we do it carefully.”
Mnuchin said emergency spending “worked quickly” before, and that “we’re willing to spend whatever it takes, but whatever it takes needs to be done carefully.”
Why don’t they hand out money on toilet paper like rolls because that will be what it is worth if they just print money hand over fist?
I have high hopes that the American Voters are smart enough to put a New House majority into the office this November.
This piece was written by Wayne Dupree on May 11, 2020. It originally appeared in WayneDupree.com [5] and is used by permission.
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