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Tags: stimulus | pandemic | covid-19 | impact | payments | ppp | loans

Nikki Haley to Newsmax TV: Ensure Stimulus Is Spent Wisely

(Newsmax TV's "Greg Kelly Reports")

By    |   Monday, 11 May 2020 08:35 PM EDT

Small businesses obviously needed help, and it was vital for Congress to provide it, but with all the questionable places money was sent, it is vital to make sure funds are well spent, former U.S. Ambassador to the U.N. Nikki Haley told Newsmax TV.

"You can't spend $3 trillion in two months and think that there's not going to be issues, and, clearly, there were issues," Haley told Monday's "Greg Kelly Reports."

"Obviously no one predicted this pandemic," she said. "The problem is . . . the government ended up helping a lot of people they shouldn't have."

Money was intended for small businesses, but many large companies and educational institutions tapped into the funds. Large businesses have access to capital and have investors who get profits "when they win," Haley said. "We shouldn't socialize their losses and have the taxpayers pay for it."

Universities have "massive endowments," she added.

And hospitals were not treated fairly, she said, because some with low coronavirus caseloads got money while some with high caseloads did not.

"The goal now is: What do we need to slow that train?" she said. "We need to understand there's gonna have to be some tough decisions made. And we're gonna have to start seriously looking at the debt."

The national debt at more than $25 trillion, Haley noted, "We're passing that to our kids and our grandkids. I don't know that we can tell them that that money was spent wisely."

© 2024 Newsmax. All rights reserved.


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It is vital to make sure coronavirus relief funding is being well spent, according to former U.S. Ambassador to the U.N. Nikki Haley on Newsmax TV.
stimulus, pandemic, covid-19, impact, payments, ppp, loans
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Monday, 11 May 2020 08:35 PM
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