“Did the money do any good?”
(Rick Moran – PJ Media) We’re two years removed from the passage of the American Rescue Plan Act (ARPA), the $2 trillion “stimulus” measure that Congress passed in March of 2021, and the verdict on much of that spending can now be delivered.
The biggest line item in the bill was the $350 billion given to state and local governments to deal with revenue shortfalls and other pandemic-related expenditures — like golf courses.
But here we are two years later, and, astonishingly, only 45% of the $350 billion in funds to bail out states has been spent. Local governments had reported to the Government Accountability Office (GAO) that they spent just 38% of their funds received through ARPA.
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