the government should be required to bail out..
Government does not have the funding. It comes from our kids. Theyre borrowing from our kids. Each kid owes the government 250 k plus their student loans that the government took over and jacked up the price on
The adults need to come in and explain that. And make this stop
If you don’t extend the federal UI benefits, we will lose the Senate and Presidency.
What do you think will happen then?
Also, the notion that it will come from our kids is very 1980s. At this point, we all know, the government will not be paying any of this debt back. It is too big and every politician in DC knows we aren't going to pay down the debt. We aren't borrowing the money from anyone. The Fed creates money out of thin air and electronically loans it to the federal government. The Fed just keeps the money on its balance sheet and that's that.
At some point, the debt will get to be so big, there will be hyperinflation. It could be 5 years from now or 50 years from now. No one knows. The government will then pay the entire debt back with tons of inflated money and then issues a new currency and we all start over again.
That is the history of the world. No currency from any one country has lasted more than 200 years, but that is the scenario to expect and all the senators and congressmen know it and they just hope it does not happen on their watch and it probably won't.