Posted on 03/26/2020 8:43:43 AM PDT by Steve1999
Absent deflation, this is really not a ball-busting concern, we should be more fiscally responsible but s#$t happens.
If everyone goes broke there will be no income tax going to the treasury and the present debt will blossom.
Damned if we do, damned if we don’t.
Yep - all the mindless panic necessitated it and while the debt ain’t helpful, a full, deep depression would be immediately disastrous.
It will be the third step in legislation to address coronavirus. President Trump signed the $8.3 billion Emergency Supplemental Appropriation on March 6th. Then he signed the $3.5 billion Families First Coronavirus Response Act on March 18th. Tomorrow or Saturday he will sign the $2.1 Trillion Emergency Aid bill. Nancy Pelosi is saying that she will bring forth a fourth coronavirus bill.
But even if you put the check in a bank the economy still gets a jump.......the bank has the benefit of:
<><> the "float" (if deposited in a checking account)
<><> the "fractional reserve" if deposited in a savings account
<><> deposits give banks the ability to lend more to borrowers.
<><> borrowing money means business is revving up.
<><> lending money means interest pouring into banks....
<><> and the cycle continues ad infinitum.
”But what’s unconscionable is the fact that, thanks to the way Congress spent the last decade ignoring any sense of fiscal responsibility, coronavirus relief must come at the cost of further indebting future generations”
What is unconscionable is continuing to use debt as money and to increase the power of the usurers who are strangling our people.
It is untrue that “debt relief must come at the cost of further indebtedness”. Debt relief can be accomplished by direct liquidation of debts by executive order.
This guy is clueless. Trump is purposefully bankrupting the Fed. He has no intention of paying back the $2 trillion.
The President has to veto this bill because of all the non disaster spending.
Also because of the rats legalizing all future alien immigration into this country.The border patrol will be unable to enforce any immigration controls.
The Rats love these alians more than they love American citizens.
It will cost them very little.
Overseas travel will be unaffordable because the dollar will be dispised worldwide.
Store shelves will look like those in Moscow in 1987.
It will cost them very little.
Overseas travel will be unaffordable because the dollar will be dispised worldwide.
Store shelves will look like those in Moscow in 1987.
Bank depositors are paying now.
Prices rise at Walmart 3% per year.
The banks pay 1% interest.
I lose 2% of the value of my money per year.
In five years I will have no money left and will go on Social Security.
well as long as we keep ol grandma fat and happy ...children and grandchildren and great grandchildren be damned....
The only thing the USA will get from China is a modern Oriental expression ending in yu.
Given the HYSTERIA around the topic, 10 MINUTES OF COMMON SENSE from a scientist in the field.
Has anyone VETTED the SCIENTISTS now surrounding & “advising” Trump? How many are leftist Democrats with a political agenda? Consider the STILL NOT CLEANED OUT Deep State INFECTED DOJ & God knows how many other government departments.
Have we ever been lied to by the managerial class in government whose jobs depend on how submissive they can keep the rest of us?
How many of them HATE TRUMP & his stated goal to DRAIN THEIR SWAMP?
Heard the stories that CDC employees wept when Trump beat Hillary? How objective would THOSE folks be collecting & analyzing the data? And wouldn’t a “SCARE” like this serve to open the tax slave (er PAYER) money sigot for them, as another government operation, to piss away on “research” (or whatever)?
Anybody know???
I didn’t think so.
One final thought: Could this just be another of the periodic tests conducted by Deep State leftists who would be more at home in Stalin’s Russia than Trump’s America to see if their century long socialist indoctrination in the GOVERNMENT SCHOOLS has enough of us sufficiently DUMBED DOWN to make their long awaited FINAL PUSH?
Just asking evidence based questions here.
Given the HYSTERIA around the topic, 10 MINUTES OF COMMON SENSE from a scientist in the field.
Has anyone VETTED the SCIENTISTS now surrounding & “advising” Trump? How many are leftist Democrats with a political agenda? Consider the STILL NOT CLEANED OUT Deep State INFECTED DOJ & God knows how many other government departments.
Have we ever been lied to by the managerial class in government whose jobs depend on how submissive they can keep the rest of us?
How many of them HATE TRUMP & his stated goal to DRAIN THEIR SWAMP?
Heard the stories that CDC employees wept when Trump beat Hillary? How objective would THOSE folks be collecting & analyzing the data? And wouldn’t a “SCARE” like this serve to open the tax slave (er PAYER) money sigot for them, as another government operation, to piss away on “research” (or whatever)?
Anybody know???
I didn’t think so.
One final thought: Could this just be another of the periodic tests conducted by Deep State leftists who would be more at home in Stalin’s Russia than Trump’s America to see if their century long socialist indoctrination in the GOVERNMENT SCHOOLS has enough of us sufficiently DUMBED DOWN to make their long awaited FINAL PUSH?
Just asking evidence based questions here.
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