Editorial, includes “Last year’s Cares Act distributed money mainly by state population, but much of the $220 billion for states in the new bill will be allocated based on average unemployment over the three-month period ending in December. Andrew Cuomo’s New York … and Gavin Newsom’s California … get rewarded for crushing their businesses, while Kristi Noem’s South Dakota … is penalized for staying open. … The bill includes $86 billion to rescue 185 or so multiemployer pension plans … Elementary and secondary schools get another $129 billion …”
Read the full article on: The Wall Street Journal