Dems send $168 million in 'relief' to elite Ivies with endowments worth more than $140 billion

Yet more government spending Insanity and partisan payoffs.  

 

By Sophie Mann

 

The Golden Horseshoe is a weekly designation from Just the News intended to highlight egregious examples of wasteful taxpayer spending by the government. The award is named for the horseshoe-shaped toilet seats for military airplanes that cost the Pentagon a whopping $640 each back in the 1980s.

This week, our award is going to the United States Congress for allocating nearly $170 million  for emergency funding to be distributed among Ivy League universities, some with endowments larger than the total assets managed by some mid-size investment funds.

The most recent "coronavirus relief bill" cost just under $2 trillion, placing significant upward pressure on the already-skyrocketing national debt. The Biden administration's opening salvo was criticized for being packed with spending only tenuously related to the pandemic, including $86 billion to bail out union pension funds and $1.5 billion for Amtrak (a pet cause of President Biden, dubbed "Amtrak Joe" during his Senate years for his daily rail commutes between Washington and his Wilmington, Del. home).

Last spring, American colleges and universities received $14 billion in funding from the CARES Act. In December, the same institutions received an additional $22.7 billion from the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA)...........To Read More....