Washington, D.C. – U.S. Senator Pat Toomey (R-Pa.) issued the following statement:
“Congress has spent an unprecedented amount of taxpayer money - approximately $4 trillion - on COVID-19 relief aid. The staggering amount is on par with the size of the entire annual federal budget and is equal to about a quarter of our entire annual economy. Moreover, billions of authorized aid remains unspent.
“The economy has rebounded well since last April. The unemployment rate has fallen by more than half of what it was then and savings and disposable income rates are currently at or near record high levels. Another round of stimulus checks and other aid will not address the biggest problem facing Americans - concerns about traveling, socializing, and dining out during the pandemic. Getting the vaccine into peoples’ arms as quickly as possible does. This is what the federal government must be focused on. Once we’ve made significant progress on this goal, then Congress can revisit what pockets of the economy still require assistance.”