In the United States and around the world, concern is mounting over a potential COVID-19 “second wave” as economies reopen and nominal coronavirus case numbers rise. While we don’t yet know how the virus will play out and whether this concern is warranted, one thing is certain—no matter what happens, American taxpayers shouldn’t support a “second wave” of big government bailouts.
Congress failed the first time.
Here’s what happened. After the pandemic began and government-mandated lockdowns stopped the previously strong economy in its tracks, Republicans and Democrats alike came together to pass the $2.2 trillion CARES Act. The bill was a sweeping, behemoth legislative package meant to provide relief to adversely affected Americans, stimulate the economy, and keep businesses afloat.
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