PJM-
Last March, Joe Biden signed a $1.9 trillion pandemic relief bill. It had cash for taxpayers, for businesses, and — most controversially — $350 billion for state and local governments.
Republicans objected because Democrats at the state level were going to spend the money on non-pandemic-related issues. Most notably, some states like Illinois wanted the cash to bail out their state and local employee pension plans that had been robbed for years by Democrats and now threatened to explode in a massive “pension bomb” that would put taxpayers on the hook for billions of dollars.
Republicans wanted more strings attached to the funding, but Democrats said there was no time, that the states would run out of money otherwise.
But now, an analysis by the Associated Press has found that nearly 7 months after Joe Biden signed the American Rescue Plan, precious little of that $350 billion for state and local governments has been spent.
As of this summer, a majority of large cities and states hadn’t spent a penny from the American Rescue Plan championed by Democrats and President Joe Biden, according to an Associated Press review of the first financial reports due under the law. States had spent just 2.5% of their initial allotment while large cities spent 8.5%, according to the AP analysis.
Many state and local governments reported they were still working on plans for their share of the $350 billion, which can be spent on a wide array of programs.
Though Biden signed the law in March, the Treasury Department didn’t release the money and spending guidelines until May. By then, some state legislatures already had wrapped up their budget work for the next year, leaving governors with no authority to spend the new money. Some states waited several more months to ask the federal government for their share. MORE HERE
Graft. And right in our faces.
Hey, money laundering schemes take time to set up; don’t worry, it will all get “spent”.
Well then, since they haven’t spent it yet, they obviously don’t need it.
Anyone think they’ll turn it down now?
“Many state and local government officials reported they were still working on plans for their share of the $350 billion,”
FIFY
Our guv played politics with it.
She gave it to small businesses that donate to her and if she knew a business owner is a Republican or didn’t support her dictates, she gave them nothing.
You’ll be seeing it in a little less than a year from now in television, radio and political signs for the Democrat party.
“…ask the federal government for their share…”
Alert! Their “FAIR” share. Gotta have that word in there.
Their fair share of phony money that isn’t even printed on paper anymore. It’s created in computer systems with bureaucrats attending every step with approvals, transmittal letters, guidelines, lawyer reviews, interim reports, statue reviews, oversight meetings, and many email storms involving management expertise.
I hate this government. Small ‘g.’
Do you people believe one word that comes from
Washington ??? I don’t.
$1.9 TRILLION won’t cost the Government anything. ZERO !
Taxpayers on the other hand will be bent over again and again.
Just when did O’Biden think that the American taxpayer will willingly pay for his criminal negligence?
This ain’t no candy store, Bub! Get lost!…Better yet…DIE!
What we tolerate; we get.
We, the People of the United States, have tolerated corruption for over 100 years.
We are now so used to it that it is done proudly – thrown into our faces.
They steal openly and dare us to object.
izlamo delenda est …