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| 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.
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| 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:
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