I spent Thursday afternoon and evening listening to all 11 hours of the reading of the Democrats' 628-page $1.9 trillion dollar "COVID-19 relief" bill. I would like to thank the Senate clerks who read the bill. I know it was a big job and it's unfortunate it took so long. I finally got a hard copy about an hour into the reading. Here's what I learned:
- Only 9% of this bill actually goes to COVID related issues.
- It's amazing how many times you hear the years 2022, 2023, even 2028 in this bill (isn't this relief spending needed now? How can such "urgent" spending be scheduled for years down the road?)
- We've already passed $4 trillion in COVID relief and still haven't spent $1 trillion of that amount.
- $1.9 trillion in additional debt is $5,800 per person. Added to the $4 trillion of earlier relief bills, it's a debt burden of $18,000 per person.
- Relief isn't free.
- We've grown immune to spending vast amounts of money. It's time for some perspective.