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Posted on 05/06/2020 1:05:15 PM PDT by jazusamo
House Democrats are pushing forward with a massive fifth round of coronavirus relief legislation that could be their most far-reaching effort yet to address the economic fallout of the pandemic -- and come with another price tag in the trillions.
While the House is still technically on recess, Democratic leadership and committee chairs have been drafting their legislative laundry lists for the relief package that could rival the cost of the $2.2 trillion CARES Act that passed in March, or exceed it.
"We're looking at a multitrillion-dollar bill," one House Democratic aide told Fox News.
While the text of the legislation may not be available until next week, it's clear the centerpiece of the House response will be funding for state and local governments. Their tax revenues have dried up during the pandemic and governors and mayors have warned they'll have to cut essential services and public workers, like police and firefighters, if the federal government doesn't help with their coronavirus expenses.
House Speaker Nancy Pelosi last week telegraphed that just the aid alone to hard-hit states and local governments could reach nearly $1 trillion. She framed the legislation as targeted to help health care providers, first responders, postal workers and teachers. "It honors our heroes," Pelosi said of the effort.
This comes, however, as some GOP leaders are looking to pump the brakes on spending, with prior relief bills already prompting the U.S. Treasury to borrow a record $3 trillion this quarter.
Skeptics of yet another round of historic spending are sure to chafe at the behind-the-scenes lobbying surrounding this bill -- as many other types of businesses and workers are trying to cash in, including museums, theaters and performing arts centers.
(Excerpt) Read more at foxnews.com ...
Better spend that 401 now.
Please STOP “helping” us.
By the time you are finished, we will be finished.
Have any state employees lost any income?
If not, why not?
Shouldn’t the government employees “look like America?”
Isn’t this taxing the private sector to keep the public hogs fat?
We are absolutely being played here. This is a communist/socialist takeover of our economy. They couldn’t do it with their stupid ass Green Revolution but they saw an opening with this.
One would hope. I think the Dem Governors should consider the same approach.
Why do postal workers need aid? They’re still working. Just wants to deliver to the union as well as teachers. They too are still employed.
Some GOP leaders? Probably not enough to overcome the DEMs plus the GOPe with a veto.
And postal workers are federal employees
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Or invest it in real estate or gold.
Be off, you pathetic beggars. The old federal cow is dry. You are robbing our great-great-grandchildren to pay the Democrats’ debts now. Your insane social programs are failures that come with exorbitant costs that won’t be paid for a hundred years. Most of your politicians are crooks who should arrested, not re-elected.
Teachers and postal workers are now heros.
They want to make sure all those receiving government and union paychecks and great benefits get even more. Somehow, I always get left out on these deals. I am just a working class person that gets stuck with the $6 trillion debt on this deal.
We don’t need this to pass. It’s just more insanity.
“They couldn’t do it with their stupid ass Green Revolution but they saw an opening with this.”
Sure does look that way, huh?
ALL of WW II cost us $4 trillion in today’s dollars and took us 4.5 years. We blew through 50% of that amount in the past month alone. Now the Dems want us to spend a total of 50% MORE than that what we spent in ALL of WW II in just a few MONTHS. This is absolute insanity.
Last I heard, they were still trying for a third boondoggle. They’re on the fifth?
Police ?
Whose going to enforce the Stay at home, businesses closed and face covering orders?
Maybe they will have to just cover crimes and drop that other stuff
STOP SPENDING OUR MONEY FOR THIS $HIT!!!
House Dems can’t consider anything as they are not back at work. Unlike the Senate who was back yesterday.
Cutting back on police and fire are one of the favorite threats of the Rats, they started that 60 or 70 years ago.
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