President Donald Trump criticized Congress on Tuesday for its bipartisan COVID-19 relief bill one night after both chambers passed the package that took months of negotiations to reach, throwing the future of the $900 billion bill into uncertainty.
Most notably, among a plethora of other changes he wants to the bill, the outgoing president wanted the amount that Americans are set to receive in stimulus checks to be increased from $600 per person to $2,000, which is $800 more than people were sent as part of the CARES Act back in March.
“A few months ago, Congress started negotiations on a new package to get urgently needed help to the American people. It’s taken forever. However, the bill they are now planning to send back to my desk is much different than anticipated. It really is a disgrace,” Trump said in a video posted to Twitter on Tuesday evening.
“Despite all of this wasteful spending and much more, the $900 billion package provides hardworking taxpayers with only $600 each in relief payments, and not enough money is given to small businesses, and in particular restaurants, whose owners have suffered so grievously,” he added.
“I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000, or $4,000 for a couple,” Trump also said.
The president argued that the legislation in its present version, which is coupled with $1.4 trillion in omnibus spending, has “almost nothing to do with COVID.”
“Congress found plenty of money for foreign countries, lobbyists and special interests while sending the bare minimum to the American people who need it,” he said.
Here, Trump is referencing the significant amount of money from the bill being delegated toward foreign aid. Controversially among Republicans, $250 million from the bill would comprise aid for Palestinians.
Trump remarked that small businesses, especially restaurants, have not been provided enough money after their owners have “suffered so grievously.”
“They were only given a deduction for others to use in business, their restaurant, for two years,” Trump added. “This two year period must be withdrawn, which will allow the owners to obtain financing and get their restaurants back in condition. Congress can terminate it at a much later date, but two years is not acceptable it’s not enough.”
Included in the relief package are increased jobless benefits, another batch of funding for the Paycheck Protection Program (PPP) for small business loans, a direct payment of $600 to individuals, and funding to help facilitate the distribution of COVID-19 vaccines.
Trump alerted Congress that if the “wasteful and unnecessary items” are not removed from the bill, the next administration will have to deliver a COVID-19 relief package.
“Maybe that administration will be me,” Trump added, still refusing to concede the election to President-elect Joe Biden. “And we will get it done.”
The response from Democrats to Trump’s comments were generally positive, with them eagerly signaling their willingness to increase the amount of money in the stimulus checks to $2,000 per individual:
You can follow Douglas Braff on Twitter @Douglas_P_Braff.
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The Looming National Debt Crisis: The Uncomfortable Truth No One Wants to Discuss
As Republican candidates gather for a debate, the skeleton in the closet remains the ballooning national debt, a subject that’s largely been relegated to the shadows of political discourse.
While the candidates may briefly touch upon the issue and offer surface-level solutions, the uncomfortable truth is that addressing the national debt’s growing burden would require difficult, unpopular choices. Candidates find themselves in a precarious position, tasked with both solving the problem and securing votes, all within the constraints of a 90-second debate response.
Since surpassing the $33 trillion debt threshold, the United States has been accruing over $800 million in new debt every hour, adding more than $2 billion daily in interest payments. The most recent debt ceiling bill has suspended any cap on this debt until January 2025, casting a long shadow over the nation’s future freedom and prosperity.
Democrats have occasionally pointed to the “Trump Tax Cuts” as a driver of the deficit. However, the tax cuts did stimulate economic growth and resulted in record-high Treasury revenues, albeit without corresponding spending cuts.
One feasible solution begins with fixing the federal budget process, though it is by no means an easy task. Nonetheless, it would substantially rein in Congress’s control over the spending pie chart. A recent Heritage study revealed that only 10 percent of the $7.5 trillion in COVID-related spending actually went to healthcare. The remaining 90 percent, charged as overhead and other expenses, underscores the need for significant reform.
According to reports from Fox News, while the discretionary budget, including debt interest payments and defense spending, constitutes less than 25 percent of overall expenditures and continues to shrink, the true driver of federal deficits lies in mandatory, programmatic spending. These are expenditures Congress does not address annually but continues unabated.
Furthermore, they encompass popular transfer programs such as Medicare, Medicaid, Social Security, student loans, and healthcare initiatives like Obamacare, among countless others. Altering these programs involves a political third rail, a risk few presidential candidates are willing to take.
Mandatory, programmatic expenditures are perpetual and don’t undergo annual scrutiny or adjustment. There is virtually no constituency for tackling these fundamental issues, despite their role as the primary drivers of the nation’s fiscal challenges.
Many citizens believe that trimming discretionary spending, such as congressional salaries or foreign aid, or rooting out “waste, fraud, and abuse,” can resolve the debt problem. While these are valid concerns, the real target for reform should be mandatory, programmatic spending to ensure the sustainability of essential programs.
The Republican candidates vying for the nomination face a daunting question: Who among them possesses the courage and leadership to make the unpopular decisions necessary to restore fiscal responsibility to the nation’s future?
On the other side of the aisle, Democrats seem unlikely to embrace responsible spending as part of their agenda, leaving the issue largely unaddressed in their political DNA.
In a political landscape dominated by divisive issues and partisan debates, the national debt looms as the silent crisis that few are willing to confront.
The path to fiscal responsibility requires acknowledging the harsh reality that popular programs must also be on the table for reform. Only then can America hope to secure a stable financial future for its citizens.
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