Democrats are not going to be satisfied until they annihilate the American economy to the point that it cannot recover.
Funds are needed to help our nation’s citizens, cities, states and small business recover for an issue that they did not create.
But what House Speaker and California Rep. Nancy Pelosi is asking for to help the cities and states would crush the deficit, Reuters reported.
On Thursday the Speaker said that the Democrats would be asking for near $1 trillion in their next stimulus package proposal, named CARES 2.
She said it would be used by state and local governments to recover from the pandemic that has financially burdened them.
“We’re not going to be able to cover all of it, but to the extent that we can keep the states and localities sustainable, that’s our goal,” she said.
“I’ve talked about almost a trillion dollars right there,” she said of the needs of state and local government. “But we do have other issues that we want to deal with.”
But Republicans are not thrilled with the idea of providing that kind of cash to state and local governments to fund pet projects using the pandemic as an excuse.
“That strikes me as a pretty outrageous number, just for state and local support,” Sen. John Cornyn said. “We’ve already provided $150 billion in CARES 1.”
But Speaker Pelosi has been sticking to her guns from the first week of April when she insinuated that the Democrats would be asking for near $1 trillion.
“We’ve done a great deal, and we just have to get that out,” she said to MSNBC host Rachel Maddow. “But as it goes out, we know already that the acceleration of the pace of this virus, and this assault — not only on the lives but the livelihood of the American people — that we must do more. So we’re preparing for CARES 2 already.”
New Jersey Gov. Phil Murphy said his state could need around $20 billion – $30 billion to recover, but New Jersey is a heavily populated state.
“This is to allow us to keep firefighters, teachers, police, [emergency medical services] on the payroll, serving the communities in their hour of need,” he said. “And that’s something that we feel strongly about. We don’t see it as a bailout. We see this as a partnership.”
But President Trump pointed to the fact that many states had issues prior to the pandemic and he is not going to allow it to become a cash cow.
“I will say that’s a tough question, because you’re talking about the states, and whether you call it a bailout or a lot of money, and a lot of it’s for years, long before you were there,’ he said.
New Jersey is one of the hardest hit and most populous states in the pandemic. The majority of the states are going to not need anything near what New Jersey needs.
And Pelosi said that the funds could be spent over years, which shows that it is not only for economic recovery from the pandemic.