CARES Act Archives - The American Spectator | USA News and Politics
by | Jun 23, 2022

Raise your hand if you’re surprised that the trillions of dollars spent on COVID-19 relief gave way to billions of dollars in government waste, fraud, and abuses. I’m not, but based on recent reporting, you might think this type of…

by | Oct 29, 2020

Why people continue to trust government officials is a mystery. Often disconnected from the problems at hand, their policies also often contradict their supporters’ frequently expressed beliefs. While suffering from cost overruns and increasing budget deficits, these policies handsomely reward…

by | Sep 16, 2020

How do you eat the mighty whale shark? The same way you eat the lowly dogfish: one bite at a time. Somebody should remind our elected representatives in Congress of this lesson. They are currently trying and failing to pass…

by | Sep 10, 2020

As the saying goes, “When you find yourself in a hole, stop digging.” This advice applies to the hole Congress leapt into by bailing out the airline industry back in March through the Coronavirus Aid, Relief and Economic Security Act….

by | Aug 25, 2020

With the bulk of CARES Act coronavirus benefits and protections having expired for almost a month, a new survey has discovered that a strong majority of Americans believe that they require new federal assistance in order to meet basic needs. …

by | Aug 19, 2020

One of the most unusual features of this very unusual year has been the resilience of the stock market. The V-shaped recovery of the S&P 500 was confirmed on Tuesday when the index shot past expected resistance and reached an…

by | Jul 30, 2020

Earlier this year, the U.S. government passed the largest piece of stimulus legislation in our nation’s history. The Coronavirus Aid, Relief, and Economic Security Act included a very generous expansion of unemployment insurance benefits. The idea was to help people…

by | Jul 11, 2020

Just over three months after the U.S. government coordinated the largest round of direct payments to taxpayers in history, lawmakers are beginning to coalesce around the possibility of a second round.  A bill could be drafted by the end of…

by | Jul 10, 2020

The Maryland district court has ruled some of the Small Business Administration’s (SBA) eligibility restrictions for acquiring a Paycheck Protection Program loan under the CARES Act to be illegitimate. The SBA was recently caught moving the goalposts on giving loans…

by | Jun 29, 2020

A report released Thursday by the Government Accountability Office (GAO) confirms in exhaustive detail the shortcomings, vulnerabilities, and wastefulness that many had long suspected of the federal government’s March pandemic bailout.  Notably, the direct payments portion of the Coronavirus Aid,…

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