Biden’s $2 Trillion Relief Package the Largest Stimulus Payments to-Date, Plan Showers Money on the Bureaucracy – Economics Bitcoin News


On Saturday, US politicians approved the massive Covid-19 aid package worth $ 1.9 trillion, dubbed President Biden’s “American Rescue Plan”. The stimulus plan provides that American citizens can earn $ 75,000 or less and receive $ 1,400. In addition, households will receive an additional $ 1,400 for each dependent child claimed. Despite the direct cash payments, Biden’s American bailout plan is also filled with pork items that have nothing to do with coronavirus relief.

The so-called “American rescue plan”

Americans expect a third stimulus check in the near future after members of the US Congress approved the $ 1.9 trillion aid package called the American Rescue Plan. With the nearly $ 2 trillion worth of 628-page bill, American citizens receive the largest cash payments ever.

The sides of the bill describe that individual Americans who earn $ 75,000 a year or less will receive a payment of $ 1,400. American couples will receive a check for $ 2,800 if they earn $ 150,000 or less per year. In addition, U.S. households will receive an additional $ 1,400 per dependent child to be claimed on their income tax returns.

It is estimated that all direct payments to American citizens and households will cost around $ 422 billion. In addition, Biden’s American bailout plan includes $ 246 billion in the weekly unemployment benefit, which runs through August 29, 2021. This money will also be used to expand programs that may offer unemployment benefits to even more people.

There is also the “Childcare Tax Credit,” which allows households to receive reimbursement for daycare, and the estimated cost of this section is approximately $ 143 billion. Another $ 8 billion will go towards subsidizing COBRA coverage and $ 45 billion towards expanding subsidies under the Affordable Care Act.

There are a number of other benefits ordinary citizens receive from the third incentive, such as nutritional aid programs that help needy Americans with food aid instead of school lunches. However, the American bailout also has a ton of money on pork kegs that will feed hungry politicians, as they could certainly be viewed as completely unnecessary in the eyes of taxpayers.

Billions of dollars will fund museums, a bridge between Canada and New York, and environmental protection

The metaphor “pork barrel” is a term used for government spending, where funds are used for localized projects and unjustified proposals to empower a bureaucrat’s specific district. Pork is also referred to as a type of government spending that is completely wasteful and not legitimized by the American people. Typically, pork funding is crammed into massive bills like this one and the last two stimulus packages. The third stimulus package, valued at $ 1.9 trillion, is no different from the last two in that it is laden with pork.

Biden's $ 2 trillion bailout package, the largest economic stimulus payment to date, is planning shower money for the bureaucracy

The $ 480 million fund will go to museums (many of which have been closed to the public) and Native American language preservation, for example. $ 50 million will be allocated to organizations similar to Planned Parenthood as they provide grants for family planning operations.

However, nowhere in the text of the law does the stimulus bill mention which organization will receive the planned parenting funding. Transportation and infrastructure will receive $ 90 billion as the government plans to make stimulus payments to transit agencies, airports and aviation manufacturers, as well as rail operator Amtrak.

Americans aren’t too happy with the transportation funding as Amtrak is set to receive $ 1.5 billion and the company reportedly still has $ 1 billion in unspent funding from recent relief bills. For some reason, American bureaucrats also think that building a bridge between Canada and New York is some kind of Covid-19 relief.

Despite the fact that it is clearly unrelated to Covid-19, $ 1.5 million will be donated to the Great Lakes St. Lawrence Seaway Development Corp. for this bridge project. Posted. Airlines can also freeze layoffs through September 2021, as airlines and contractors will receive around $ 12 billion to curb projected layoffs.

The monstrous mountain of pigs in the aid package ‘Covid-19’ showers Beuracrats with money

US $ 50 million will be used for environmental justice grants that are in line with the President’s Executive Ordinance “Combating the Climate Crisis at Home and Abroad”. The funds are allocated to the environmental protection agency in accordance with the wording of the law. The latest Covid-19 stimulus bill also bans USPS vape shipping for some reason.

At least you could have waited for me to finish training.

– Rando Oilfield (@Oilfield_Rando) February 19, 2021

The Twitter account called “Oilfield Rando” wrote scathing criticism of the latest bill which claims “money to shower Americans in need”. Rando states that $ 300 million will be earmarked for “Covid Animal Monitoring” and “a cool billion for outreach programs for” socially disadvantaged farmers and ranchers. ” $ 25,000,000 for the [Agriculture] Electronic Services Modernization Secretary, ”notes Rando. “There will be a lot more people on grocery stamps, we need to make the website more beautiful,” he added.

The government plans to give US teachers unions $ 128 billion, even though most of them “refuse to reopen schools,” says Rando. Despite numerous unjustified pork keg spending, the mainstream media continues to praise Biden’s relief bill, in fact claiming the president is “showering money for Americans.”

Biden's $ 2 trillion bailout package, the largest economic stimulus payment to date, is planning shower money for the bureaucracy

$ 40 billion will be given to universities in the United States and $ 91 million will be given to liaise with student loan borrowers at home and abroad, ”Rando said. US $ 100 million for the Department of Education and US $ 15 million will go to the Department of Education for national and international purposes.

A whopping $ 135 million for the National Foundation for the Arts and another $ 135 million for the National Foundation for the Humanities. US $ 200 million will be donated to the Institute for Museum and Library Services.

Rando also laughs at the $ 150 million that will be passed on to MSHA, OSHA, and every other federal regulatory agency that will crack down on U.S. corporations.

“[A] $ 15 billion block grant for childcare and development. Wowza, ”explains Rando. “$ 4.5 billion to pay electricity / gas bills for public housing. [It] Maybe not enough considering how high this admin wants to make it, ”said the Twitter account.

$ 852 million will be donated to the corporation for national and charitable causes. “How many hundreds of millions did you get on the last bill?” Rando asked jokingly. “[$1 billion] Telling people that the vaccine won’t turn them into a lizard person. Just unbelievable. A direct slush fund for PR companies, ”said Rando.

US $ 500 million will be invested in improving the CDC’s public health surveillance capabilities. $ 250 million for strike teams deployed in hospitals in Covid and $ 100 million for EPA to address “health inequalities due to pollution and the COVID pandemic.”

Rando’s criticism continues:

$ 50,000,000 for “Environmental Justice” and “Fighting the Climate Crisis” $ 50,000,000 for the Clean Air Act. Roll the drum please, here comes the rescue operation for the blue state … [$219.8 billion] for states plunged into the ground with onerous bans, ridiculous pension programs, and unjustified government salaries.

Biden's $ 2 trillion bailout package, the largest economic stimulus payment to date, is planning shower money for the bureaucracy

Approximately $ 570 million will be allocated to federal employee vacations, $ 77 million to the Government Accountability Office, and $ 1.25 billion to gated venue operators. “Railroad Bailout Money,” Rando exclaims. “Northeast Corridor: $ 820 million, National Network: $ 680 million, Long Distance Restoration: $ 166 million, Choo chooooooooo!”

Another US $ 30 billion will go into grants from the Federal Transit Administration (FTA). After Oilfield Rando went through the 628 pages of the American Rescue Plan, he ended his thread with the words:

[Washington] DC is straight garbage. I finish my drink and read something less depressing.

All of the above funds are written in black and white, and all unjustified spending programs take place, whether Americans like it or not. With direct cash payments dangling on a string like a carrot, many Americans just don’t seem to care what is on those bills. Not to mention the debt and intergenerational inflation associated with it.

What do you think of the latest $ 1.9 trillion economic bill? Let us know what you think on this matter in the comments section below.

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