Slouching Towards Oblivion

Friday, March 27, 2020

What's In The Bill?


Imagine the temptation - TWO TRILLION DOLLARS ($2,000,000,000,000.00).

The "smallest" tranche is about $450 Million, and how hard is it gonna be, really, to gin up some bullshit "company" that gets a teens-weensy little grant of $25 million or so.

We'd better have some really really really heavy scrutiny on the receipts. The gang we've got in charge is just champin' at the bit - straining for a chance to steal every dime they can fuckin' carry.

Kelsey Snell, NPR:

The Senate has passed a roughly $2 trillion coronavirus response bill intended to speed relief across the American economy. This is the third aid package from Congress and is meant to keep businesses and individuals afloat during an unprecedented freeze on the majority of American life.

Senate Majority Leader Mitch McConnell, R-Ky., described the legislation, known as the CARES Act, as necessary emergency relief and vowed to put partisanship aside to get it done.

"No economic policy can fully end the hardship so long as the public health requires that we put so much of our commerce on ice," McConnell said in a speech on the Senate floor on Wednesday. "This isn't even a stimulus package. It is emergency relief. Emergency relief. That's what this is."

There are six main groups that would see the widest-reaching impacts: individuals, small businesses, big corporations, hospitals and public health, federal safety net, state and local governments, and education.

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