The coronavirus shutdown has flattened multiple industries across America — everything from airlines and manufacturers to hospitals, retailers, oil and gas producers, and restaurants. Many of the 30 million small and large businesses in the country have reported a 30% reduction in revenues. Amid the carnage, one sector of the economy is thriving like never before in the history of the republic: the government.
Congress has already spent more than $2 trillion on phases one, two, three, and 3 1/2 of coronavirus relief packages. The irresponsible bill from House Speaker Nancy Pelosi would raise that spending total to $5 trillion, which is on top of the $4.71 trillion that Congress already authorized. We are getting very close to an unfathomable $10 trillion federal budget, which is more money in one single year, adjusted for inflation, than the nation devoted to fighting the Revolutionary War, the Civil War, World War I, World War II, and the Vietnam War combined.
