If you get away with the crime, why not reward those who helped you?
$350 Billion Covid “Bailout” To States, Cities, And Counties: Here Are Biggest Winners And Losers
This week, the U.S. House passed, along party lines, the $1.9 trillion American Rescue Plan Act of 2021. A vote in the U.S. Senate is expected soon. Buried within the 591-page bill is a $350 billion bailout for 50 states, tribal governments, U.S. territories, and more than 30,000 cities and counties.
Our auditors at OpenTheBooks.com finally located the $350 billion allocation, line-by-line, in a supplemental database hidden on the back end of the House Oversight Committee’s website.
Speaker Nancy Pelosi’s House Democrats changed the allocation formula from being based on population to the unemployment rate. This change caused 23 states to gain $31.9 billion and 27 states to lose that funding. The four biggest winners were Democratic strongholds: California—which reaped an extra $6.7 billion; New York—which added another $6 billion; Illinois — increased by $2.1 billion; and New Jersey — a $2 billion increase.
The biggest losers were Florida (-$2.3 billion), Vermont (-$2.1); and Wyoming (-$2 billion). The funding change rewarded Gov. Andrew Cuomo (D) in New York ($23.5 billion) over Gov. Ron DeSantis (R) in Florida ($17.3 billion), even though Florida has a larger population and a lower COVID-19 death rate.
Will the two new Democratic senators, Jon Ossoff and Raphael Warnock, from Georgia still vote for this bill even though it shifts $1.5 billion of their Georgia tax dollars to California and New York? What about Sen. Joe Machin (D-WV), whose state is losing $991 million due to the allocation change?
Furthermore, we found that Puerto Rico received more funding at $4 billion than 22 states. Including an extra “plus up” from the previous CARES Act Covid aid bill, the District of Columbia received more funding at $2.3 billion than 13 states.
The largest cities received huge allocations of aid. For example, New York City received $4.3 billion, which is more money than 25 state governments. Chicago, with their bonds at junk status, was allocated $1.98 billion, an amount more than 12 state governments.
Democrats apparently don’t believe anyone will object to giving big bailouts to prosperous towns. Beverly Hills, CA, will receive $6.3 million while the Hamptons, NY, will get $8.6 million. They’re followed by Key West, FL ($10.1 million); Greenwich, CT ($21 million); Oyster Bay, NY ($32.7 million); and Cambridge, MA ($65 million).
Now you’ve seen a general overview, let’s microscope down for a couple of examples.
Starting with San Francisco:
S.F’s budget will be saved from painful cuts thanks to federal stimulus. What about in the next one?
The federal stimulus package likely to be signed by President Biden this week will erase the majority of San Francisco’s projected $650 million budget deficit over the next two years, saving City Hall from having to make painful service cuts and layoffs — for now.
Run a city in a horribly shitty manner?
Don’t worry – Democrat bail out incoming.
Then they are also sending $3,500,000,000 to the Global Fund to Fight AIDS, Tuberculosis and Malaria. Which has strong ties to Bill Gates and ironically, massive corruption:
GENEVA—A $21.7 billion development fund backed by celebrities and hailed as an alternative to the bureaucracy of the United Nations sees as much as two-thirds of some grants eaten up by corruption, The Associated Press has learned.
Much of the money is accounted for with forged documents or improper bookkeeping, indicating it was pocketed, investigators for the Global Fund to Fight AIDS, Tuberculosis and Malaria say. Donated prescription drugs wind up being sold on the black market.
The fund’s newly reinforced inspector general’s office, which uncovered the corruption, can’t give an overall accounting because it has examined only a tiny fraction of the $10 billion that the fund has spent since its creation in 2002. But the levels of corruption in the grants they have audited so far are astonishing.
A full 67 percent of money spent on an anti-AIDS program in Mauritania was misspent, the investigators told the fund’s board of directors. So did 36 percent of the money spent on a program in Mali to fight tuberculosis and malaria, and 30 percent of grants to Djibouti.
This is just a few examples of this horrible, horrible bill.
My generation can barely afford to buy a run-down home while these centralizers toss our tax money at corrupt leftist elites and corrupt foreign organizations like it’s nothing.
They are clearly now rewarding those who helped Biden get in, however fraudulently.
Sad state of affairs we are in. Wonder when the economic collapse will occur?