The Problem Solvers Caucus, a bipartisan collection of House Representatives, has produced an idea for getting help to those Americans who’ve been hit the hardest, economically, by the present Wuhan Virus situation. Aside from its trillion-and-a-half dollar price tag—a bill that American citizens will have to pay in taxes or in debt—which is future taxes—there are a couple of sound components.
The idea, though, contains one terrible component—and that one represents a full third of the total cost of this thing.
$500.3 billion in state and local aid, which includes $130 billion for documented coronavirus state and local expenses through 2021, $120.3 billion for documented local budget shortfalls and $250 billion for proven state government shortfalls. [Emphasis added]
That should be a deal breaker. American taxpayers shouldn’t be responsible for bailing out any State or locality other than their own.