Pelosi’s Zeroes Act is dangerous for America

May 15, 2020, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement in opposition to the Zeroes Act by House Democrats:

“Speaker Nancy Pelosi’s latest spending binge should rightfully called the Zeroes Act, as it adds not one, not two, but three more trillion dollars to the national debt in a wayward attempt to permanently change the U.S. economy to her socialist vision.  The media has been awash in reports of employers whose workers have either refused or been upset that their jobs have been restored due to the federal government mistake of paying people more to be unemployed than employed.  Pelosi’s assault on America’s economy not only fails to fix this roadblock to reopening, but extends it in an obvious political ploy to maintain double digit unemployment through the November election.

“But while the Pelosi Zeroes Act is chock full of union pension bailouts and other fiscal absurdities, its real crime is that it borrows another $3 trillion from the Chinese and other financiers who seek to own America.  Pelosi’s bill will push the national debt above the $30 trillion mark at a time when the entire world economy is likely to shrink to just above $60 trillion.  This is not sustainable.

“During the Obama presidency a former chairman of the Joint Chiefs of Staff called our national debt the number one threat to our national security and many scoffed. Now, any thinking person has to agree with that assessment.   The Pelosi Zeroes Act is not only irresponsible, it is downright dangerous and should be rejected.”

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