“Only a tiny portion of the spending in the bill goes toward vaccinations and other priories directly related to the pandemic.
Much of the rest of the spending is not well-suited, or even designed, to respond to current economic conditions, which are increasingly favorable.”
…
“Take public education, where Democratic-allied teacher unions dominate. It’s not clear why any additional spending is necessary, given that tens of billions of education funding from prior Covid relief bills are still unspent, even as many districts have already begun to reopen for in-person instruction.
Nonetheless, the bill spends roughly another $130 billion on K-12 education. According to a CBO estimate, by the time most of the money is spent we will have long exited the pandemic that supposedly justifies it.”
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” The $350 billion in aid to states and localities comes despite state and local tax revenue being down only a tick through much of 2020 compared with the year before. According to widely cited Moody’s economist Mark Zandi, the state and local funding gap will be roughly $60 billion through fiscal 2022. Still, states and localities will be showered with money, after more than $500 billion in aid to states and localities last year.”
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“The bill spends $86 billion bailing out union-negotiated multi-employer pension plans.
Transportation gets tens of billions of new spending, which by its nature doesn’t happen quickly, and more than $30 billion goes to expanding Obamacare, a long-term Democratic policy goal.”
https://www.politico.com/news/magazine/2021/03/10/bidens-relief-bill-bad-policy-475216