Wednesday, May 13, 2020

Dem's $3 trillion-plus Coronavirus Wishlist and Giveaways; Blasted by GOP, and Other Coronavirus Updates

AP Photo/Manuel Balce Ceneta
House Democrats on Tuesday went all-in with a new coronavirus spending bill that topped $3 trillion and checked off virtually every box on the party’s liberal wish list, all but guaranteeing it has no chance of ever becoming law.
They unveiled a 1,815-page bill that went beyond spending generously in response to the pandemic to include rewriting laws to their liking in areas ranging from elections to immigration.
House Speaker Nancy Pelosi defended the hefty price tag, saying low interest rates lessen the pain of borrowing and that Democrats want to use the federal credit card to “bolster” workers and families.
“We must think big for the people now. Because if we don’t it will cost more in lives and livelihood later,” the California Democrat said. “Not acting is the most expensive course.”
Republicans, increasingly wary of the tidal wave of debt from a string of virus relief packages, swiftly denounced the bill, which arrived the same day the Treasury Department reported that the federal government spent close to $1 trillion in April as it racked up a record $738 billion monthly deficit.
LINK: 'Not something designed to deal with reality': 
GOP rejects Pelosi's $3 trillion coronavirus package
Much of that spending was tied to the ongoing pandemic, which has led to more than 81,000 deaths in the U.S. and ravaged the economy, putting more than 33 million Americans out of work.
The Congressional Budget Office, Congress’s official budget scorekeeper, projected last month that federal government debt will top 100% of the U.S. gross domestic product at the end of this fiscal year for the first time since World War II.
Senate Majority Leader Mitch McConnell said the House’s offer is “not something designed to deal with reality.
Read the rest of the story HERE and follow links below to related stories and resources:

'Not something designed to deal with reality': GOP rejects Pelosi's $3 trillion coronavirus package

House Democrats set Friday vote on $3 trillion coronavirus relief bill

'Trying to take advantage of a crisis': Republicans blast Pelosi coronavirus relief package laden with 'wish list' projects

USA TODAY: Coronavirus live updates: Fauci talks cautiously on reopeningWuhan to test 11 million in 10 days; 'top' vaccines being accelerated;

WSJ: Coronavirus Updates: Twitter Lets Employees Work From Home Permanently

YAHOO NEWS: Coronavirus live updates: Fauci warns Senate of 'inevitable' outbreaks

NEW YORK POST: Today’s coronavirus update: Fauci testifies; Trump backs Elon Musk on reopening

If you like what you see, please "Like" us on Facebook either here or here. Please follow us on Twitter here.

No comments: