Only 10% of the $7.5 trillion spent during Covid went to health. The rest funded Democrat wish lists from welfare to cash handouts to sketchy subsidies for special interests. Dr. Peter St. Onge, a Heritage Fellow, gives us the lowdown in the clip below.
A new report by Heritage found almost none of the seven and a half trillion dollars pumped out allegedly for COVID actually went to health.
“Instead, roughly 90% went to handouts and crony payments, much of that siphoned to the institutional left that has become the Democrats’ power base, meaning your local rioters, hand gluers, and that army of fact-checking censors are now fully funded courtesy of your tax dollars.”
“First, the numbers between 2020 and 2022 new spending authorizations from Washington totaled 7 1/2 trillion dollars. It’s about $57,400 per American household, so a second mortgage. Shockingly, almost none of it actually went to health; just 700 billion or less than 10% of that was even spent on public health, setting aside whether or not it was useful or not.
“Instead… the spending spree focused on welfare expansions, cash handouts, and opportunistic subsidies for a variety of special interests. So, who are those special interests?
Trillions went to green projects. “Biden’s famous Build Back Better cynically rebranded the Inflation Reduction Act. More went to the left universe of government-funded nonprofits for everything from LGBT and diversity to of course, sustainability, on top of bailouts for Hollywood, public transportation, blue city budget holes, the post office – a reliable Democrat base, even bailouts for union pensions which were running a $757 billion debt.
“Then, of course, the military-industrial complex – which is what Republicans got returned -who continues to loot the Treasury to the tune of $2 trillion per year on National Defense. That’s $12,150 per month per household to fund every proxy war they can find while giving free security to any dictator who can cash a check. If it’s good for Lockheed, it is good for America.
“All those crony trillions, of course, led to this skyrocketing inflation – 7 1/2 trillion comes to roughly half the entire supply of dollars in existence pre-COVID. So about one in three dollars had fresh ink on them, courtesy of a very obliging Federal Reserve who bought up all the treasuries they couldn’t flog in the private market, effectively printing all that money.
The fleecing will continue until morale improves.
Democrats are a threat to Democracy.
Only 10% of the $7.5 trillion spent during Covid went to health.
Where did the rest go? To hand-outs and crony payments that funded the institutional left currently trying to enslave us.
So your local rioters, hand-gluers, and that army of “fact-checking” censors are now fully… pic.twitter.com/sV3seiaKBA
— Peter St Onge, Ph.D. (@profstonge) September 25, 2023
We saw this first at WhatFinger.
Actually, most of the money was given away by Donald Trump, and 90% of that went to Corporations and Billionaires.
This what Republican Senator Thomas Massie had to say about the Stimulus Package signed by Trump:
The stimulus package that just passed is the biggest wealth transfer from common folks to the super-rich (Wall Street and bankers) in the history of mankind.
Done in the name of a virus with $1200 checks as the cheese in the trap.
This will be obvious in short order.
I’m shocked!
Wanna see my shock face
And how much of the 10% was syphoned off into the hands of rich friends?
1 Create a crisis
2 Use the crisis to keep attention away from scheming and stealing.
There was lots of spending after Biden seized power to bail out cities and government unions. Illinois got a ton of money for that. The crooks who shut us down, damaging the economy, reducing their tax revenues, ended up stealing the money from us.
Why is this NOT surprising???