Peter St Onge Podcast
Episode 24: Weekly Roundup 10.02.2023
Oct 2, 2023
Topics discussed include the impact of COVID spending, skyrocketing inflation due to money printing, blaming inflation on external factors, implications of digital identity and personal carbon credits, and taking control of our destiny through education and resilience.
25:42
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Quick takeaways
- The majority of COVID funds were allocated towards handouts and crony payments, raising questions about transparency and effectiveness.
- The American economy is at risk of recession due to various factors including a potential auto-worker strike, government shutdown, and rising gas prices.
Deep dives
COVID spending was allocated to handouts and special interests instead of health
Between 2020 and 2022, $7.5 trillion was authorized for COVID spending, but nearly 90% of it went to handouts and crony payments rather than health-related expenditures. The institutional left, which includes organizations supporting the Democratic party, received a significant portion of these funds. This funding resulted in various welfare expansions, cash handouts, and subsidies for special interests, ranging from green projects to government-funded nonprofits focused on issues like LGBT, diversity, and sustainability. The limited amount spent on public health raises questions about the effectiveness and transparency of the allocation of COVID funds.
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