Lockdowns Will Cost Blue States Even More Billions
This is hilarious.
I wrote yesterday about Trump’s end run around Democrats’ efforts to block a payroll tax holiday and also extended federal unemployment benefits for laid-off workers.
But I just found out Trump’s Executive Order requires states to pay 1/4 of the extended federal unemployment benefits.
Andrew Cuomo, Gavin Newsom and other Democrat governors have been fuming about this all morning on Twitter. Apparently, if California stays locked down, the federal unemployment extension will cost the state $700 million a week! That’s an additional $2.8 billion a month over what they’re already paying now!
And the benefit lasts through December, unless the economy is still struggling. If unemployment is still high, Trump said he would keep extending it!
So we’ve gone from Democrat governors expecting Pelosi and Schumer to get them billions in bailouts (for their lockdowns and broke public employee pension funds and sanctuary policies) to lockdowns costing blue states even more billions of dollars a month.
Trump reported this morning that Pelosi and Schumer have now asked for more negotiations.
Nevada Governor Sisolak Stares Into the Abyss
Nevada has 1.4 million employees and 25+% of them are unemployed. So this will cost mostly locked-down Nevada roughly $35 million a week, not counting upcoming layoffs from the completion of the Raider’s stadium, the cessation of construction on the Sphere, the rumored closing of the Sahara Casino, and from Caesars Entertainment/Eldorado now that Icahn is looking hard at the budget and wants $100 million cut from payroll.
That may not sound like a lot in terms of state budgets, but Nevada’s unemployment fund runs completely dry by the end of Augusty, and that’s before counting the costs of the new unemployment benefit.
And Nevada already has a $1.5 billion state budget deficit for this fiscal year (out of a total state budget of roughly $4 billion). Sisolak made a big show of cutting $500 million in spending, while counting on Pelosi and Schumer to deliver the $1.5 billion. He was so sure he had the extra Pelosibux coming he even expanded the state’s unemployment benefits last week, a day before Trump’s EO.
Now the price of Sisolak’s lockdown for the Democrats’ Bat Plague hoax is another $140 million a month. We’re already 10 days into August (the federal benefits ended July 31st), and Sisolak has to start cutting that first $140 million check right now! By the end of October, his $500 million in spending cuts will all have gone to the extra federal unemployment benefits, and he will be back to a $2 billion deficit, or HALF the state budget!
By the end of December, Sisolak’s budget will be down an additional $700 million! He’s already cut higher ed by 25%, Medicaid reimbursement by 15%, and K-12 education by roughly 12%.
What’s even funnier is that Democrats and their media propaganda wing have got half the country believing they’ll die if they walk out of their bedrooms without a mask. Nobody wants to get on a plane and come to Las Vegas right now to what they’ve been told will be CERTAIN DEATH. (I saw a poll yesterday that showed American adults believe 9% of the U.S. population has died from Bat Plague.)
Even if Sisolak reopens Las Vegas tomorrow, at least half the U.S. citizenry will be too scared to come.
That means Democrats will not only have to end their lockdowns to avoid blue state annihilation, they will have to convince everyone that the “pandemic” is over.
I said there would be a grim amusement to be had in watching Sisolak bust out the state and destroy all the people who voted for him. Turns out the amusement is not grim at all.