The Non-Covid Spending Blowout
(From The Wall Street Journal)
Last year’s Cares Act distributed money mainly by state population, but much of the $220 billion for states in the new bill will be allocated based on average unemployment over the three-month period ending in December. Andrew Cuomo’s New York (8.2% unemployment in December) and Gavin Newsom’s California (9%) get rewarded for crushing their businesses, while Kristi Noem’s South Dakota (3%) is penalized for staying open.
This article was originally posted here: https://www.ac2news.com/2021/02/the-non-covid-spending-blowout/.