[tomder55]

The American Rescue Plan was passed in 2021 by the Dem Congress and signed by Clueless Joe .It was a sh*t load of monopoly bucks purportedly to get the country on it's feet post-covid. Basically it was a massive give away to the states and local governments . The law stated that all the money must be spent by Dec 31of this year or it would be returned .

But that was then . Clueless wanted to give more time for states and local governments to spend it because there is still $ billions unspent .

State and Local Governments Have Billions in Pandemic Aid Left to Spend - The New York Times (nytimes.com)

Virginia spent less than half of $4.9 billion COVID funds (richmond.com)

RI still hasn't spent millions in American Rescue Plan Act money (providencejournal.com)

So without Congressional revisions that he knew would not pass; He quietly added an extension to the Federal Register November .

Obligation_Interim_Final_Rule_2023.pdf (treasury.gov)

All it took was changing the official meaning of the word "obligation". As Senator Schmitt explained in a letter to Treasury

Senator Eric Schmitt on X: "Read the letter here. https://t.co/kdZkHeuyE6" / X (twitter.com)

How effective has the plan been "

This paper calculates that it cost the American taxpayer $855 thousand per job "saved"

w30168.pdf (nber.org)