Commentary
The Biden administration has granted a 90-day extension for the COVID-19 emergency, which was set to expire on July 15. This means that government spending, which has already driven the debt to near-record levels, will continue.
An extension of this state of emergency allows for the continued distribution of unapproved vaccines, under emergency use authorization. These drugs, which are still available for free, represent U.S. taxpayer money and government debt being used to pay private pharmaceutical companies billions of dollars. So far, 599 million doses have been administered in the U.S. at a cost of around $15 each, paid for by the government….