$350 billion wasted in Coronavirus funding boondoggles

TroglocratsRdumb

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Aug 11, 2017
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A shocking new report details just how much of the $350 billion given to states and localities to fight coronavirus went toward unrelated projects.
Democrats pumped $1.9 trillion into the economy through the American Rescue Plan to bring back jobs lost during the pandemic, help those short on cash due to job loss, reopen schools and launch a nationwide vaccination campaign. Of that $350 billion in emergency funding was made available to states, local and tribal governments, with little restriction on how they put it to use.

Broward County, Fla. recently broke ground on a high-end hotel, complete with ocean views and an 11,000-square-foot spa thanks to $140 million in relief funds.

Washington, D.C. used its relief money to impose more of a cost burden on its residents - spending $2.5 million to hire more parking cops.

In New York, Dutchess County pledged $12 million for renovations of a minor league baseball stadium to meet requirements the New York Yankees set for their farm teams.

And in Massachusetts, lawmakers delivered $5 million to pay off debts of the Edward M. Kennedy Institute for the U.S. Senate in Boston, a nonprofit established to honor the late senator that has struggled financially.

Tens of millions went toward marketing campaigns to drum up tourism in Puerto Rico, Washington, D.C. and Tucson, Arizona.

New Jersey allocated $15 million for upgrades to sweeten the state's bid to host the 2026 World Cup. In Woonsocket, Rhode Island, officials allocated $53,000 for a remodeling of City Hall.



Comment:
Was printing $trillions$ really worth causing record inflation?
Inflation hurts the poor and destroys the middle class's savings.
 
A shocking new report details just how much of the $350 billion given to states and localities to fight coronavirus went toward unrelated projects.
Democrats pumped $1.9 trillion into the economy through the American Rescue Plan to bring back jobs lost during the pandemic, help those short on cash due to job loss, reopen schools and launch a nationwide vaccination campaign. Of that $350 billion in emergency funding was made available to states, local and tribal governments, with little restriction on how they put it to use.

Broward County, Fla. recently broke ground on a high-end hotel, complete with ocean views and an 11,000-square-foot spa thanks to $140 million in relief funds.

Washington, D.C. used its relief money to impose more of a cost burden on its residents - spending $2.5 million to hire more parking cops.

In New York, Dutchess County pledged $12 million for renovations of a minor league baseball stadium to meet requirements the New York Yankees set for their farm teams.

And in Massachusetts, lawmakers delivered $5 million to pay off debts of the Edward M. Kennedy Institute for the U.S. Senate in Boston, a nonprofit established to honor the late senator that has struggled financially.

Tens of millions went toward marketing campaigns to drum up tourism in Puerto Rico, Washington, D.C. and Tucson, Arizona.

New Jersey allocated $15 million for upgrades to sweeten the state's bid to host the 2026 World Cup. In Woonsocket, Rhode Island, officials allocated $53,000 for a remodeling of City Hall.



Comment:
Was printing $trillions$ really worth causing record inflation?
Inflation hurts the poor and destroys the middle class's savings.
It was a shakedown

Just like everything else
 
Axually, did doesn't bother me. I was more PO'd about the PPP loans going out to anybody who applied without them needing to show they suffered any losses. Like our local budweiser distributor got one for about half a million bucks and they sure as hell didn't lose any money during lockdowns. They couldn't keep the shelves stocked their demand was so high.
 
The reckoning. The last two years makes the housing crisis in 2008 look microscopic.

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