When Congress finally passed its third coronavirus relief act on Friday, many Americans suffered sticker shock at the $2 trillion bill. But Nancy Pelosi and her followers are never content to let a crisis go to waste — they are now hoping to pass yet another sweeping bill — and the result won’t be pretty.
As the novel coronavirus endangered Americans and government actions spurred a deep economic dive, our government had to act fast. They passed the CARES Act last week to help keep workers and businesses afloat, albeit at a steep cost. The President activated FEMA, the National Guard, and other military units to deal with the virus while banning travel from the most infected countries. The Federal Reserve released trillions of dollars of liquidity into the financial markets. The government’s actions have adopted a whole-of-government approach to address both the urgent public health and economic impacts of the crisis.
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