EDITORIAL: Beware the stimulus bill

EDITORIAL: Beware the stimulus bill



Beware the stimulus bill

Editor:

Americans, be careful what you wish for as we look to receive another stimulus check and states are ready to receive a windfall. The $1.9 trillion COVID bill passed with no opposition support and contains less than 9% funding for Covid. The last Covid bill in December still has a trillion unspent dollars. When added up, the  $6 trillion COVID-19 stimulus packages passed by Congress in the past year, including the $1.9 trillion passed last week, is estimated to cost American taxpayers the equivalent of $17,000 individually or $69,000 per family.

It’s our money Congress is giving out while they give the impression it’s fully funded and will never have to be repaid. Please understand I’m not saying there should not have been stimulus dollars sent out to address needs related to the virus. The bills should have been specific and targeted and not include the wasteful spending that has been documented but not widely shared with the public. The only thing in the headlines is more free money.

Congress and the State of Connecticut need to wake up that they are no different than a bad credit card holder who has reached their limit and then go and get another credit card to pay off the previous debt. You still have to pay back the money. A suggestion: Spend your newfound money wisely on your young children or grandchildren in a savings account. The account cannot be opened until 2050. They are going to need it then to pay back their debt and ironically all the politicians will be long gone.

Dan Daly, Middletown 


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