Posted on 05/04/2020 12:13:10 PM PDT by NRx
The Treasury Department plans to borrow $2.99 trillion from April through June to cover the federal government’s massive response to the coronavirus pandemic, issuing a tremendous level of debt to try and limit the economic impact on U.S. businesses and workers.
Last year, Treasury borrowed $1.28 trillion over 12 months. The $3 trillion in borrowing Treasury plans to do now would be done over just three months.
Congress has approved nearly $3 trillion in new spending in the past two months to try and arrest the economic fallout of the crisis. Because revenue levels are falling, Treasury is planning to issue large amounts of debt to cover these costs.
(Excerpt) Read more at washingtonpost.com ...
China has succeeded in bringing US to its knees without firing a shot!
1-800-TERM-LIMITS.
Unfortunately, I get “All our representatives are busy due to unexpectedly high call volumes. Press 1 and we will call you back in 154 years.”
Borrow it from who?
L
We are “...making it up on volume.”
Pretty soon they’ll have to send $100,000/month to every household to keep up with the cost of bread.
This will not end well at all.
Funny money, fiat currency. Now that The Fed is under Dept of Treasury (while everyone was looking “virus”), after the election the debt is renegotiated or forgiven, and we go on the gold standard.
The Federal Reserve is printing money to buy the bonds.
Have we gone past the debt ceiling with all this recent spending? Did the legislation passed include language to increase the debt ceiling?
Or did the legislation qualify as some sort of emergency legislation, which is technically funded “off budget” somehow?
Anyone know?
Fiscal sanity is hard to find in Washington in the best of times. I just wonder is that any restraint of any kind, such as the need to debate the debt ceiling issue, which can place a cap on total expenditures, as popular as the spending to counteract the virus impacts is?
Bullshit.
lol had a friend that used to say “I’m losing money on thi,s but I’ll make it up in volume”
From themselves? Sounds like they are twisting themselves into pretzels to avoid saying they are just printing cash.
Who is going to actually buy $3T in bonds at the drop of a hat? Who is receiving the interest payment?
I will need a money printing machine to keep up with the inflation which is coming.
For $5 to $10 a year for absorbable zinc supplements (zinc oxide in multivitamims-as with multivitamins made in China- is not absorbed by immunologic functioning cells), viral replication by viruses can be controlled so that viral repliocation does not outpace antibody formation and thus epidemics cannot occur.
This has been known since 1985, and zinc packs have been used after colds appear to shorten the course and minimize signs and spmptoms of colds. There has been no effort to educate the public that taking a zinc supplement year round that practically all viral exposures will expand to produce disease if a person has normal zinc levels WITHIN CELLS.
Why there is no rush to inform the public to take zinc so that national economic collapse does not occur, and that zinc sufficiency will prevent epidemics and requirements for national behavior modification as with social distancing is beyond me. We are being disinformed as regards actual facts about the necessity of zinc supplements for supression of common viral diseases in the US, actually making a flu or Covid-19 vaccine actually necessary. Social distancing also prevents herd immunity from occurring between zinc sufficient persons, a minority of the US population.
If one reads nutritional articles, probably 2/3rds of US citizens have some degree of malnutriton. Obesity, nearing 50% presentation in the US is by definition a form of malnutrition. We, as Europe are virus ready nations, prepped for vaccines that are not needed by nutritionally competent countries. I cannot think of a country today that advocates real preventive nutritional medicine especially regarding zinc, magnesium, selenium and their importance to immunological competence.
There is 100% avoidanc as regards central role in suppressing viral replication, and in the meanwhile we are killing the US in more ways than one all at once for ignorance just as regards zinc supplementation.
Zinc is a far more important prevention of herd disease than vaccines are. In zink sufficient persons, vaccines are not necessary as antibodies in excess of the viral loads allowed to grow deactivate the viruses. Good nutrition is necessary for normal suppression of viral and bacterial diseases.
Third world country migrants come from very malnourished countries and bring their diseases with them. Do not count on any of them being zinc, magnesium, selenium sufficient.
Borrowing from what... Social Security?
Im glad my use by date is approaching
“The Federal Reserve is printing money to buy the bonds.”
With ink cartridges made in China
How much of it is actually going into the virus? How much of it is pork?
Actually, it’s only $2,999,999,999,999.99, so don’t worry.
Not only that but obesity and smoking are other big risk factors for COVID-19.
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