Economist: Gov't largess disguised as pandemic relief

Thursday, May 6, 2021
 | 
Chris Woodward (OneNewsNow.com)

US Capitol White House money backgroundAn economist with The Heritage Foundation says the "progressive" measures coming from Capitol Hill – under the guise of COVID relief – are the types of proposals that most Americans would find appalling under ordinary circumstances.

Hardly a day goes by now without something positive in the way of economic news and numbers. For example, recent reports from the federal government have shown a significant increase in the number of jobs being added (article on February numbersarticle on March numbers.); in addition, unemployment is dropping.  Last week, Americans learned that wages and benefits grew quickly for U.S. workers in the first three months of the year – a sign that businesses are starting to offer higher pay to fill newly opened jobs.

Nevertheless, says Joel Griffith, an economist with The Heritage Foundation, legislators are passing bills – under the guise of COVID relief – that reward fiscal irresponsibility. He cites as one example the multi-hundred-billion-dollar bailout for state and local governments.

Griffith

"Many of these governments have been failing for years. Look at New York, for instance," he offers. "New York spends more than twice as much per capita as the state of Florida [or] the state of Texas. Well, those states … places like New York, Illinois, California – are going bankrupt [with] hundreds of billions of dollars passed under the guise of COVID relief, even though tax revenue really hasn't dropped much at all. In fact, in many areas, it's up year over year."

Griffith also points out the government sent stimulus checks to people who remained employed and did not experience hardship because of COVID and the governments' response to the pandemic.

"This is really all about using COVID as an excuse to pass a wish list of far-left progressive items that in years past the majority of people would have been appalled to have seen being considered," he concludes, "and they're trying to use this as an opportunity to pass it before the American public even realizes what's happening."

Comments

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

SIGN UP FOR OUR DAILY NEWS BRIEF

FEATURED PODCAST

VOTE IN OUR POLL

Which high-profile GOP senator would you choose to replace Mitch McConnell?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Hard-line judiciary head wins Iran presidency as turnout low
Opioid abuse up during pandemic, expert tells Utah County
Editor, CEO denied bail in Apple Daily case in Hong Kong
US Catholic bishops OK steps toward possible rebuke of Biden
3 dead, 2 missing after tubers go over North Carolina dam
Gulf coast braces for tropical storm with heavy rain

LATEST FROM THE WEB

Texas Gov. Abbott fulfills promise, vetoes state legislature funding
Major cities ‘refund the police’ as crime skyrockets and businesses backfire
Atlanta's proposed police training facility ignites protests, activists go to city council member’s house
Entire Portland police riot squad resigns after officer charged
School urges students to report peers, teachers for 'microaggressions'

CARTOON OF THE DAY

Cartoon of the Day
NEXT STORY
With abortion in danger, nerve-racked Dems respond

I regret my abortion (women holding signs)Congressional Democrats are rushing to make sure abortion is the law of the land.