Sorry, America, All That “Free Money” Isn’t So Free

Unleash Prosperity Hotline
Issue #250
03/25/2021
1) Sorry, America, All That “Free Money” Isn’t So Free

If only we could print money and borrow our way to prosperity, America would be well on its way to becoming a very, very rich nation. But, of course, most non-politicians understand that bills have to be paid, and debts have to be repaid. So how is that going to work out for us now that the 1.9 trillion spending pork bill has passed and the bonds are now being issued?

Trump senior economist Kevin Hassett has made some reasonable estimates about how much of the debt will be paid by those Americans of varying income groups, based on the current progressive tax system.

He estimates: “Those with incomes between $40,000 and $50,000 would pay about $9,000, while those earning between $50,000 and $75,000 would have to fork over $16,000. That rises to $27,000 for incomes between $75,000 and $100,000, and $51,000 for incomes between $100,000 and $200,000. For higher earners, the bills climb so fast that they jump off the chart. The average for Americans with incomes between $500,000 and $1 million is $304,000.”

https://www.nationalreview.com/2021/03/heres-how-much-covid-19-stimulus-cost-you/

Now that $1,400 of “free money” per person doesn’t sound like such a bargain, does it?

2) Today Marks One Year from Cuomo’s Fateful Nursing Home Order

News broke last night in the Albany Times-Union (https://www.timesunion.com/news/article/High-level-health-officials-were-tasked-with-16044748.php) that while panicked and sick New Yorkers were desperately trying to get scarce COVID tests last March, Cuomo had secretly arranged for his friends and family to skip the line and get tested — in some cases repeatedly — in the comfort of their own homes. It reminds us of the John Lennon line: “How does it feel to be one of the beautiful people?”

This latest insult is just one added dimension to the scandal of the past year in New York. While he was giving tests to friends and family, Cuomo was forcing highly infectious patients into nursing homes and even prohibiting them from requiring testing on admission or readmission.

And just in case you think we are making any of this up, here is the infamous order Cuomo issued one year ago today:



We recommend this damning New York Post retrospective on the order – which Cuomo still defends – and the shameful coverup.

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