Commentary: Peter Roff - The big bailout hidden in relief
Peter Roff
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The $2 trillion in new spending just enacted by congressional Democrats is a COVID relief bill in name only. It’s plenty of money all right, but so little of it goes to fighting the pandemic it brings to mind an observation attributed to Benjamin Franklin concerning an ox that had been mistaken for a bull.
“He’s thankful for the honor,” the great man supposedly said, “but he’d much rather have restored what’s rightfully his.”
The politicians and public sector employees whose campaign contributions keep them in office have seized on the COVID crisis to replenish the funds in their chronically underfunded pension plans while the voters weren’t looking. And they should be ashamed of themselves.