“Today, Chairman Powell publicly told me that the Fed expects the economy to grow ‘strongly’ this year. The growth could be as high as 6 percent, depending on how we respond to COVID [i.e., vaccines, treatments, etc.]. However, Speaker Pelosi is ramrodding through Congress the second largest spending bill in history, with almost $2 trillion of hardworking American taxpayer’s money.
“Economists are warning that this bill is 6.5 times larger than is needed, and only 9% of the bill is targeting COVID. The $2 trillion does not include the devastating costs the policies in this ‘emergency’ bill will have on middle-income Americans and small and medium sized businesses, but does include pet projects like Pelosi’s $100 million for a subway tunnel, $86 billion to bail out union pensions, and $200 million museums and libraries, among others. This type of reckless spending is an atrocity that our children, grandchildren, and great grandchildren will pay for.”
To watch Rep. Loudermilk’s full Q&A, please click here.