Congress enacted nearly $6 trillion in extra money through multiple COVID-19 relief packages and the Democrats’ $1.9 trillion nonCOVID spending bill in March.
Given the magnitude of spending and the various programs included in these packages, there are differences in what is considered “COVID” money and it’s hard to track where the money is going in real time but no matter how you slice it, both the U.S. government and the nonpartisan Committee for a Responsible Federal Budget find that about $1.5 trillion has not been spent yet.
$1.5 trillion is not a small chunk of change. The entire federal government spent $4.4 trillion the year before the pandemic began so just the unspent “COVID” money would represent 34 percent of all government spending in a normal year. For example, it could cover the entire cost of Medicare and Medicaid for an entire year with plenty of money left over.
With all of this unspent “COVID” money, a federal deficit that’s triple what it used to be and $28 trillion in national debt, it’s truly unbelievable that Democrats are currently seeking to commit taxpayers to another $4 trillion in new spending this year. They’re being reckless with taxpayers’ money, plain and simple.
Americans for Tax Reform: ATR June 2021 Qualitative Research Report – Federal Taxes and Spending
Reprinted with Permission from - Republican Whip
We hope you've enjoyed this article. While you're here, we have a small favor to ask...
As we prepare for what promises to be a pivotal year for America, we're asking you to consider a gift to help fund our journalism and advocacy.
The need for fact-based reporting that offers real solutions and stops the spread of misinformation has never been greater. Now more than ever, journalism and our first amendment rights are under fire. That's why AMAC is passionately working to increase the number of real news articles we deliver WEEKLY, while continuing to strengthen our presence on Capitol Hill.
AMAC Action, a 501 (C)(4), advocates to protect American values, free speech, the exercise of religion, equality of opportunity, sanctity of life, the rule of law, and love of family.
Thank you for putting your faith in AMAC!Donate Now