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2020-12-28 Economy
President Trump Signs Stimulus and Government Spending Bill
[Breitbart] President Donald Trump has signed into law a $2.3 trillion coronavirus aid and government spending package aimed at restoring unemployment benefits to millions of Americans and averting a partial federal government shutdown.

President Trump released a statement announcing his decision to sign the relief bill in which he said, "I will never give up my fight for the American people":
As President of the United States it is my responsibility to protect the people of our country from the economic devastation and hardship that was caused by the China Virus. I understand that many small businesses have been forced to close as a result of harsh actions by Democrat-run states. Many people are back to work, but my job is not done until everyone is back to work. Fortunately, as a result of my work with Congress in passing the CARES Act earlier this year, we avoided another Great Depression. Under my leadership, Project Warp Speed has been a tremendous success, my Administration and I developed a vaccine many years ahead of wildest expectations, and we are distributing these vaccines, and others soon coming, to millions of people. As President, I have told Congress that I want far less wasteful spending and more money going to the American people in the form of $2,000 checks per adult and $600 per child. As President I am demanding many rescissions under the Impoundment Control Act of 1974. The Act provides that, "whenever the President determines that all or part of any budget authority will not be required to carry out the full objectives or scope of programs for which it is provided, or that such budget authority should be rescinded for fiscal policy or other reasons (including termination of authorized projects or activities for which budget authority has been provided), the President shall transmit to both Houses of Congress a special message" describing the amount to be reserved, the relevant accounts, the reasons for the rescission, and the economic effects of the rescission. 2 U.S.C. § 683. I will sign the Omnibus and Covid package with a strong message that makes clear to Congress that wasteful items need to be removed. I will send back to Congress a redlined version, item by item, accompanied by the formal rescission request to Congress insisting that those funds be removed from the bill. I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more. On Monday the House will vote to increase payments to individuals from $600 to $2,000. Therefore, a family of four would receive $5,200. Additionally, Congress has promised that Section 230, which so unfairly benefits Big Tech at the expense of the American people, will be reviewed and either be terminated or substantially reformed. Likewise, the House and Senate have agreed to focus strongly on the very substantial voter fraud which took place in the November 3 Presidential election. The Senate will start the process for a vote that increases checks to $2,000, repeals Section 230, and starts an investigation into voter fraud. Big Tech must not get protections of Section 230! Voter Fraud must be fixed! Much more money is coming. I will never give up my fight for the American people!
Posted by Besoeker 2020-12-28 00:28|| || Front Page|| [10 views ]  Top

#1 I will sign the Omnibus and Covid package with a strong message that makes clear to Congress that wasteful items need to be removed. I will send back to Congress a redlined version, item by item, accompanied by the formal rescission request to Congress insisting that those funds be removed from the bill.

Rest assured, Congress will be moving quickly to implement these requested changes.

[sarc off]
Posted by Besoeker 2020-12-28 01:25||   2020-12-28 01:25|| Front Page Top

#2 Budget Control Act of 1974

Besoeker knows --> Good Catch Dude !
Posted by Helmuth, Speaking for Thrase2434 2020-12-28 03:25||   2020-12-28 03:25|| Front Page Top

#3 Congress wouldn't survive reneging.
Posted by gorb 2020-12-28 05:59||   2020-12-28 05:59|| Front Page Top

#4 I never before took you for a Pollyanna, Gorb.
Posted by Mercutio 2020-12-28 08:53||   2020-12-28 08:53|| Front Page Top

#5 I was drunk when I wrote that.
Posted by gorb 2020-12-28 11:27||   2020-12-28 11:27|| Front Page Top

#6 Stephen Green in today’s Insanity Wrap addresses President Trump’s thinking:

That said, President Trump had no choice but to sign the damn thing.

Let’s look at the pros and cons:

CONS:

  • It’s crap legislation that won’t do what it’s supposed to do
  • It saddles our kids and grandkids with yet more unsustainable debt
  • Congress doesn’t care about the first two items because they used that debt to bribe one another into voting for it
  • The bill is a living testament to our broken and corrupt Congress, yet will be lauded by our broken and corrupt infotainment industry

    We could go on, but won’t.

    PROS:

  • Congress bought itself enough votes to override Trump’s veto, a veto Dems would bludgeon the GOP to death with in the Georgia runoff — and if they lose the Senate the Wuhan Flu relief bill will look cheap

    And that’s it. That’s the only pro. But that one pro item is a trump card, if you’ll forgive the unintended pun.
  • Posted by trailing wife 2020-12-28 17:09||   2020-12-28 17:09|| Front Page Top

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