While the Democrats’ “viral Communist bailout law” is of little use to the average person and the small businesses forced to close as a result of the Democrats’ regulations, the bailout law will be of great help to Democrat municipalities and state governments in paying off their debts and keeping them afloat for the foreseeable future, as the bailout law wipes out debt for these poorly run government agencies.
See the news from the San Francisco Chronicle.
The Communist Party’s viral bailout law, which Biden could sign this week, would wipe out much of San Francisco’s $650 million budget deficit over the next two years, saving San Francisco City Hall from painful service cuts and layoffs.
The report goes on to say that while the federal stimulus is good for the economy in the short term, it won’t solve all of San Francisco’s financial woes. San Francisco’s eventual recovery will depend in large part on how quickly the local economy rebounds, the number of tourists will need to increase and employees will need to return to their downtown offices.
Pelosi’s San Francisco is not the only local government to be rewarded by the Communist Party’s viral bailout law; Sen. Schumer’s New York state was also bailed out by the bill. Schumer’s office said Monday that the $1.9 trillion bailout law passed by the Senate provides $12.6 billion in unrestricted aid to state coffers, wiping out New York state’s budget deficit, which now allows for no major tax increases or spending cuts.
Schumer spokesman Angelo Roefaro tweeted, “Great! Thanks to Senator Schumer, New York State’s budget deficit is 0 this year.”
The Gateway Pundit says that the businesses and livelihoods of ordinary Americans have been destroyed by the Democrats’ insane blockade policies, and that these ordinary people are once again the forgotten masses while corrupt politicians look out for themselves and do everything they can to avoid the dire consequences of their misguided policies.
Recent Comments