$1400 Payment, $1400 stimulus payment, $2 Trillion, America, American Rescue Plan, billions, Bureaucracy, COVID-19, Democrats, Government, Joe Biden, Millions, Money Printing, Oilfield Rando, Pork, Pork Barrel, Pork Funding, Pork Funds, Relief Package, Republicans, stimulus, stimulus payment, USA

On Saturday, politicians in the U.S. approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.†The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400. Moreover, households will get an additional $1,400 for every dependent child claimed. Despite the direct cash payments, Biden’s American Rescue Plan is also filled with pork-barrel items that have nothing to do with coronavirus relief.

The So-Called ‘American Rescue Plan’

Americans are expecting a third stimulus check in the near future, after members of the U.S. Congress approved the $1.9 trillion relief package called the “American Rescue Plan.†The 628 page bill worth nearly two trillion U.S. dollars will see American citizens get the largest cash payments to-date.

The bill’s pages outline that individual Americans who earn $75,000 per year or less will get a payment for $1,400. American couples will get a check worth $2,800 if they make $150k or less per year. In addition to this, U.S. households will get an additional $1,400 per child dependent that is claimed on their income tax filings.

$1400 Payment, $1400 stimulus payment, $2 Trillion, America, American Rescue Plan, billions, Bureaucracy, COVID-19, Democrats, Government, Joe Biden, Millions, Money Printing, Oilfield Rando, Pork, Pork Barrel, Pork Funding, Pork Funds, Relief Package, Republicans, stimulus, stimulus payment, USA

Estimates also show that all the direct payments to American citizens and households will cost roughly $422 billion. Furthermore, Biden’s American Rescue Plan includes $246 billion dedicated to the weekly unemployment supplement that will last up until August 29, 2021. This money will also be leveraged for an extension of programs that may provide even more people with unemployment benefits.

There’s also the “Child Care Tax Credit†that households can use to get a refund on daycare and the estimated cost for this section is around $143 billion. Another $8 billion will go toward subsidizing COBRA coverage, and $45 billion toward the expansion of Affordable Care Act subsidies.

There are a number of other benefits ordinary citizens will get from the third stimulus like nutrition assistance programs that help needy Americans with food assistance in place of school lunch. However, the American Rescue Plan stimulus also has a load of pork barrel funds that will feed hungry politicians, as they certainly could be deemed entirely unnecessary in the eyes of taxpayers.

Billions of Dollars Will Fund Museums, a Bridge Connecting Canada to New York, and Environmental Protection

The metaphor “pork barrel†is a term appropriated for government spending that uses funds for localized projects and unwarranted proposals in order to bolster a bureaucrat’s specific district. Pork is also referred to as a type of government spending that is completely wasteful and not legitimized by the American populace. Typically pork funding is stuffed into massive bills like this one and the last two stimulus packages. The third stimulus package, worth $1.9 trillion, is no different than the last two as it is loaded with pork.

$1400 Payment, $1400 stimulus payment, $2 Trillion, America, American Rescue Plan, billions, Bureaucracy, COVID-19, Democrats, Government, Joe Biden, Millions, Money Printing, Oilfield Rando, Pork, Pork Barrel, Pork Funding, Pork Funds, Relief Package, Republicans, stimulus, stimulus payment, USA

For instance, the appropriation of $480 million will go to museums (many of which have been closed to the public) and Native American language preservation. $50 million is being dedicated to organizations similar to Planned Parenthood, as it will give grants for family planning operations.

However, the stimulus bill does not mention anywhere in the bill’s text what organization will get the Planned Parenthood funding. Transportation and infrastructure will get $90 billion, as the government plans to dole out stimulus payments to transit agencies, airports and aviation manufacturers, and the railway operator Amtrak.

Americans are not too pleased with the transportation funding, as Amtrak will get $1.5 billion and the company allegedly still has $1 billion in unspent funding from the last relief bills. For some reason, American bureaucrats also think building a bridge connecting Canada to New York is some sort of Covid-19 relief.

Despite the fact that it clearly is not related to Covid-19, $1.5 million is being sent to the Great Lakes St. Lawrence Seaway Development Corp. for this bridge project. Airlines can freeze layoffs up until September 2021 as well, because airline firms and contractors will get around $12 billion to help curb the forecasted layoffs.

The Monsterous Mountain of Pork in the ‘Covid-19’ Relief Package Showers Beuracrats With Funding

$50 million will be leveraged for environmental justice grants which will align with President “Tackling the Climate Crisis at Home and Abroad†executive order. The funding will be appropriated to the Environmental Protection Agency, according to the bill’s text. The latest Covid-19 stimulus bill also bans USPS vape shipping for some reason.

The Twitter account dubbed ‘Oilfield Rando’ wrote a scathing critique of the latest stimulus bill that claims to “shower money on Americans†in need. Rando explains that $300 million is dedicated to “Covid animal surveillance†and “a cool billion for outreach programs for the ‘socially disadvantaged farmers and ranchers.’†$25,000,000 for the [Agriculture] Secretary to spend on modernizing electronic services,†Rando notes. “Gonna be a whole lot more folks on food stamps, reckon we gotta make the website prettier,†he added.

The government plans to give $128 billion to the U.S. teacher’s unions, even though most of them “refuse to reopen schools,†Rando scathes. Despite, loads of unwarranted pork-barrel spending, mainstream media outlets continue to laud Biden’s relief bill and actually claim the President “showers money on Americans.â€

$1400 Payment, $1400 stimulus payment, $2 Trillion, America, American Rescue Plan, billions, Bureaucracy, COVID-19, Democrats, Government, Joe Biden, Millions, Money Printing, Oilfield Rando, Pork, Pork Barrel, Pork Funding, Pork Funds, Relief Package, Republicans, stimulus, stimulus payment, USA

$40 billion will be appropriated to U.S. universities and $91 million for the outreach to student loan borrowers, domestically and internationally,†Rando says. $100 million for the Institute of Educational Sciences and $15 million is going to the Department of Education for both domestic and international purposes.

A whopping $135 million for the National Endowment for the Arts and another $135 million for the National Endowment of the Humanities. $200 million will be handed over to the Institute of Museum and Library Services.

Rando also laughs at the $150 million being funneled to MSHA, OSHA, and all the other federal regulatory entities that will crack down on U.S. businesses.

“[A] $15 billion Child Care and Development block grant. Wowza,†Rando details. “$4.5 billion to pay the power/gas bills for public housing. [It] May not be enough considering how high this admin wants to make them,†the Twitter account said.

$852 million will be distributed to the Corporation for national and community service. “How many hundreds of millions did they get in the last Bill?†Rando jokingly asked. “[$1 billion] to tell people that the vaccine isn’t going to turn them into a lizard person. Simply incredible. A straight-up slush fund for PR firms,†Rando said.

$500 million will go to upgrading the CDC’s public health surveillance capabilities. $250 million to strike teams that are deployed to Covid hospitals and $100 million for the EPA to address “health outcome disparities from pollution and the COVID pandemic.â€

Rando’s critique continues:

$1400 Payment, $1400 stimulus payment, $2 Trillion, America, American Rescue Plan, billions, Bureaucracy, COVID-19, Democrats, Government, Joe Biden, Millions, Money Printing, Oilfield Rando, Pork, Pork Barrel, Pork Funding, Pork Funds, Relief Package, Republicans, stimulus, stimulus payment, USA

Around $570 million will be appropriated for Emergency Federal Employee leave, $77 million to the Government Accountability Office, and $1.25 billion for shuttered venue operators. “Railroad bailout money,†Rando exclaims. “Northeast corridor: $820 million, National Network: $680 million, Long distance svc restoration: $166 million, Choo chooooooooo!â€

Another $30 billion will be directed toward Federal Transit Administration (FTA) grants. After Oilfield Rando combed through the 628 pages of the “American Rescue Plan,†he ended his thread by saying:

All of the aforementioned funding is written in black and white text, and all the unwarranted spending schemes will take place whether Americans like it or not. Because the direct cash payments are being dangled like a carrot on a string, it seems that many Americans simply just don’t care what’s inside these bills. Let alone, all the intergenerational debt and inflation that comes with it.

What do you think about the latest $1.9 trillion stimulus bill? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin […]

Xem chi tiết: White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin […]

Xem chi tiết: White House Tech Advisor Tim Wu Keeps at Least $1 Million in Bitcoin

Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says

New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their development for too long. Government Official Cautions Against Impeding Crypto Development Over the past few years, Tehran has […]

Xem chi tiết: Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says

US Pharmacy Chain Pharmcorx Accepts Cryptocurrency for Fast Covid Testing

Progressive Care, a company that operates a chain of pharmacies in the United States, has announced it’s now accepting cryptocurrency for its Covid-19 rapid testing services. Customers are welcome to pay with bitcoin for the quick tests offered at its Pharmcorx locations using a dedicated QR code. Pharmacies Offer Quick Covid Tests for Bitcoin Florida-based […]

Xem chi tiết: US Pharmacy Chain Pharmcorx Accepts Cryptocurrency for Fast Covid Testing

QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases

On Wednesday, the U.S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.†Federal Reserve Starts to Unwind QE All eyes […]

Xem chi tiết: QE Begins to Slow — Federal Reserve Reveals Winding Down of Corporate Bond Purchases

Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions

The U.S. government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions. This comes in the wake of a rising problem of ransomware involving cryptocurrency, such as bitcoin. “Combating ransomware is a priority for the administration,†said a spokesperson for the White House. US Government to Expand Cryptocurrency Analysis The […]

Xem chi tiết: Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions

Relief Payments Coming? 80 Legislators Press Biden Administration for a Fourth Round of Stimulus

Rumors of a fourth and possible fifth round of direct stimulus checks have become a hot conversation topic this week, as lawmakers are urging the President to act. Over 80 U.S. legislators have sent letters to President Joe Biden and Vice President Kamala Harris asking the administration to push forward direct economic stimulus payments and […]

Xem chi tiết: Relief Payments Coming? 80 Legislators Press Biden Administration for a Fourth Round of Stimulus

South Korean Financial Supervisory Service Tasked With Crypto Market Oversight

The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory Service Takes Responsibility for Crypto Sector in Korea It took the government months to […]

Xem chi tiết: South Korean Financial Supervisory Service Tasked With Crypto Market Oversight

BOJ’s Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is ‘Barley Used for Settlement’

Whistleblower Edward Snowden Says $6 Trillion in Stimulus Is ‘Good for Bitcoin’

Whistleblower Edward Snowden Says $6 Trillion in Stimulus Is ‘Good for Bitcoin’

BOJ’s Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is ‘Barley Used for Settlement’

Zimbabwean Fintech Lawyer and Proponent Pushes for Crypto Regulation via Private Legislative Bill

White House Defends Trillion-Dollar Stimulus While Jamie Dimon and Larry Summers Warn of Runaway Inflation

Biden Administration Looking to Increase Cryptocurrency Oversight to Protect Investors, Prevent Illicit Transactions

Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies

Other Articles