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Speaker 1: The Democrats are attempting to take care of their allies

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Speaker 1: at the expense of the American people. The Democrats on

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Speaker 1: the House Representatives passed Speaker Pelosi's one thousand, eight hundred

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Speaker 1: and fifteen page three trillion dollars Bill to Radically Change

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Speaker 1: America on Friday May fifteenth. Now, when a bill has

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Speaker 1: a thousand, eight hundred and fifteen pages, it's almost impossible

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Speaker 1: to grasp howmony radical and dangerous things can be buried

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Speaker 1: in it. This is the fourth in a series of

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Speaker 1: briefings on the Pelosi built and the dangers it has

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Speaker 1: for America. I will post all the briefings for you

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Speaker 1: to share at gingwich three sixty dot com slash. Pelosi built,

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Speaker 1: while disguised as the next COVID nineteen stimulus package, it

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Speaker 1: was really a bill to create a very different America

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Speaker 1: with the three trillion dollars. As the lore to Sweden

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Speaker 1: and to some extent, high the radicalism. The Pelosi Bill

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Speaker 1: is full of new ways to spend money. It includes

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Speaker 1: cash handouts to illegal immigrants. It allows people in the

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Speaker 1: country illegally to work, even with more than twenty one

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Speaker 1: million Americans unemployed. It includes funding for tax paid abortions,

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Speaker 1: handouts to state and local governments, along with a one

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Speaker 1: hundred and thirty billion dollars tax break for the richest

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Speaker 1: people living in high tax states and cities governed by Democrats.

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Speaker 1: This briefing will focus on examples of the Pelosi bills

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Speaker 1: provisions allowing for radical spending. The Democrats are attempting to

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Speaker 1: take care of their allies at the expense of the

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Speaker 1: American people. These generous gifts prove that the bill is

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Speaker 1: nothing more than a poorly timed attempt by Democrats to

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Speaker 1: expand their spending power while pandering to their base. Pelosi

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Speaker 1: is shamelessly using the timely and legitimate needs of American

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Speaker 1: families to force the Senate into negotiations over her progressive

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Speaker 1: wish lists bloated with demands unrelated to the economic impact

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Speaker 1: of the pandemic. Nine hundred and fifteen million dollars, nearly

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Speaker 1: one third of the bill's total expenditure is dedicated to

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Speaker 1: aiding poorly managed Democrat runs state and local governments through

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Speaker 1: unrestricted cash payments. Would be unreasonable to provide this level

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Speaker 1: of benefit to states that are fiscally irresponsible, with the

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Speaker 1: longstanding pension deficits chronic depths of spenders such as California,

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Speaker 1: New York, and Illinois would receive the greatest benefit to

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Speaker 1: maintain their bloated, inefficient pension systems. This blatant redistribution of

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Speaker 1: wealth would set a dangerous precedent. The Plosi bill also

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Speaker 1: expressly allows for the District of Columbia to participate in

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Speaker 1: the Municipal Liquidity Facility established by the Federal Reserve to

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Speaker 1: assist lending to states, cities, and counties in sponse to

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Speaker 1: COVID nineteen extending into twenty twenty one, ask him to

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Speaker 1: show that DC would receive an astounding one point five

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Speaker 1: billion at the state level, seven hundred and forty million

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Speaker 1: at the city level, and two hundred and sixty four

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Speaker 1: million at the county level, so the Washington DC would

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Speaker 1: get a total of two point five billion dollars. The

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Speaker 1: District of Columbia is also set to collect a per

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Speaker 1: capita allocation of four thousand, eight hundred and thirty nine

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Speaker 1: dollars under the proposed leaf package, which is greater than

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Speaker 1: any state except Wilding. Unions will also benefit from Pelosi's bill,

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Speaker 1: which is absolutely designed to preserve unsustainable practices. The emergency

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Speaker 1: Pension Planned Leaf Act EPRA of twenty twenty overrides the

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Speaker 1: Multi Employer Pension Will Form Act MPRAA of twenty fourteen.

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Speaker 1: Provisions in the Act call for a seeing multi employer

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Speaker 1: pension plans with unlimited funding and no required benefit reductions.

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Speaker 1: The EPERA makes no compromises and promises and no benefit

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Speaker 1: cuts for any participants. Additionally, benefit cuts already implemented for

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Speaker 1: plans using the MPRA to prevent insolvency are being restored.

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Speaker 1: What that means is you, the taxpayer, are going to

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Speaker 1: transfer to these union manage multi employer plans as much

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Speaker 1: money as they ask for. Section four oh three or

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Speaker 1: seven of the Pelosi Bill modifies the rules guiding minimum

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Speaker 1: funding standards for community newspaper plans. This generous gift from

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Speaker 1: the Democrats expands relief already provided through the existing Secure

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Speaker 1: Act to additional community newspapers to make them eligible for

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Speaker 1: the expanded Paycheck Protection Program, and grant access to US

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Speaker 1: Small Business Loan Administration funds for newspapers, giving them the

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Speaker 1: same treatment rest ronson hotel employees received under the original

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Speaker 1: Cares Act. Additionally, the bill provides for twenty five billion

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Speaker 1: dollar ejection to bail out the struggling US Postal Service

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Speaker 1: with no oversight. Provisions in the bill also permit up

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Speaker 1: to ten billion dollars in an expanded line of credit.

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Speaker 1: By removing borrowing restrictions imposed by the Treasury, Pelosi is

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Speaker 1: offering USPS a lifeline without requiring any compromises like an

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Speaker 1: increase in package shipping prices. Currently, taxpayers are supplementing the

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Speaker 1: cost of the US Postal Service package delivery from online

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Speaker 1: orders instead of raising their prices like their corporate competitors.

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Speaker 1: Now is not the time for political posturing and opportunism.

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Speaker 1: Democrats are wasting valuable time by crafting legislation that they

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Speaker 1: know won't survive in the Senate. America is facing a

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Speaker 1: pandemic and its impact on the economy, yet Pelosi continues

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Speaker 1: to push for a long advocated on reasonable progressive agenda.

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Speaker 1: This radical bill rewards reckless spending with more reckless spending,

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Speaker 1: substantially increasing US debt at the expense of American taxpayers.

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Speaker 1: There are a number of other radical provisions in the

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Speaker 1: Pelosi three trillion dollar bill, and we will get to

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Speaker 1: them in a series of briefings. You can read them

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Speaker 1: all at Gangwich three dot com slash Pelosi bill