President Joe Biden’s blue state bailout, which he’s expected to sign Friday, is a monstrosity — so large it leaves America’s states with a surplus after one of the costliest pandemics in history.
The numbers boggle the mind: $195 billion goes to states with no strings attached (except, of course, to ban tax cuts). There’s $130 billion for reopening K-12 schools with no requirement they reopen. Another $25 billion for public housing and $20 billion for public transit. All in, America’s states and cities are seeing a direct windfall north of half a trillion dollars.
State and local governments already collected more dollars in 2020 than at any time in American history. With federal aid, states ended the year in a surplus. In 21 states, tax receipts actually grew year-on-year. AP reports that “California is again swimming in money,” not that that has stopped Gov. Gavin Newsom crying poverty.
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