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Sunday, March 07, 2021

Stimulus Bill Facts

by Michael Masters

American population: 330,483,530
 
Stimulus bill: $2,000,000,000,000 ($2 Trillion)
 
Dividing the cost by every American yields $6,051.74 per. The government could have given every person over $6,000, but instead will give $1,200 to each adult under a certain income. Want to know where the missing 96% of your tax dollars went?  Here is the record:      
1.        $300,000,000 for Migrant and Refugee Assistance pg. 147
2.        $10,000 per for student loan bailout
3.        $100,000,000 to NASA, because, who knows why.
4.        $20,000,000,000 to the USPS, because why the Hell not
5.        $300,000,000 to the Endowment for the Arts - because of it
6.        $300,000,000 for the Endowment for the Humanities/ because no one even knew that was a thing
7.        $15,000,000 for Veterans Employment Training / for when the GI Bill isn't enough.
8.        $435,000,000 for mental health support
9.        $30,000,000,000 for the Department of Education stabilization fund/ because that will keep people employed (all those zeros can be confusing, that’s $30 BILLION)
10.     $200,000,000 to Safe Schools Emergency Response to Violence Program
11.     $300,000,000 to Public Broadcasting / NPR has to be bought by the Democrats.
12.     $500,000,000 to Museums and Libraries / Who the hell knows how we are going to use it.
13.     $720,000,000 to Social Security Admin / but get this only 200,000,000 is to help people. The rest is for admin costs.
14.     $25,000,000 for Cleaning supplies for the Capitol Building / I kid you not it's on page 136.
15.     $7,500,000 to the Smithsonian for additional salaries
16.     $35,000,000 to the JFK Center for Performing Arts
17.     $25,000,000 for additional salary for House of Representatives
18.     $3,000,000,000 upgrade to the IT department at the VA
19.     $315,000,000 for State Department Diplomatic Programs
20.     $95,000,000 for the Agency of International Development
21.     $300,000,000 for International Disaster Assistance
22.     $90,000,000 for the Peace Corp pg. 148
23.     $13,000,000 to Howard University pg. 121
24.     $9,000,000 Misc. Senate Expenses pg. 134
25.     $100,000,000 to Essential Air carriers pg. 162. This of note because the Airlines are going to need billions in loans to keep them afloat  ($100,000,000 is chump change.)
26.     $40,000,000,000 goes to the Take Responsibility to Workers and Families Act This sounds like it's direct payments for workers pg. 164.
27.     $1,000,000,000 Airlines Recycle and Save Program pg. 163
28.     $25,000,000 to the FAA for administrative costs pg. 165
29.     $492,000,000 to National Railroad Passenger Corporation (Amtrak) pg. 167
30.     $526,000,000 Grants to Amtrak to remain available if needed      through 2021 pg. 168 (what are the odds that doesn't go unused) Hidden on page 174 the Secretary has 7 days to allocate the funds & notify Congress.
31.     $25,000,000,000 for Transit Infrastructure pg. 169
32.     $3,000,000 Maritime Administration pg. 172
33.     $5,000,000 Salaries and Expensive Office of the Inspector                   General pg. 172
34.     $2,500,000 Public and Indian Housing pg. 175
35.     $5,000,000 Community Planning and Development pg. 175
36.     $2,500,000 Office of Housing
 
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We thank Michael Masters for this compilation of the spending items in the "Covid-19 Stimulus Bill" ostensively written to support those damaged by the Covid-19 pandemic.  The Wall Street Journal analysis of this bill found that 91% of it has nothing to do with the pandemic, but is classic "political pork."  
 
In this case it is all for Democrat led states and cities, but were we hoped Republicans would prevail when the vote came up in the Senate. They did not.
 
This may be the trigger for the collapse of the Dollar in international currency markets meaning we will have to buy Chinese Yuan, most likely, at an 8%, or more, loss in value which will be fatal for American international trade and price of participation under Chinese superiority clearly aimed at us and less to the European Union.  We will have lost our first war without bullets, but virus and gold.  You will not read this interpretation elsewhere for a long time.

Adrian Vance
 

 

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