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 ...
Appalling misuse of the trust of American citizens.
How many Zero’s will they add to Colored Coupons come winter time? at this rate we will All be Millionaire’s by Christmas!
Hyper-inflation here we come
What happened to the trillions we spent on the War on Terror? Or the War on Drugs? Or the War on Poverty?
Plus the 48 trillion of unfunded liabilities.
Isn’t there some 800 number they can call for help with this addiction?
Our nation is bankrupt. Plan accordingly.
Is it really borrowing when the Federal Reserve just prints money to buy it?
Some people got very rich on the stupid, endless wars.
We’ve got to spend the money, to make the money...
The first step in recovery is admitting you have an addiction. Won't happen.
[[We’ve got to spend the money, to make the money...]]
Yes, but after decades of spending, there should coem a point in time that we actually make more than we spend in order to be profitable-
Are other countries doing this?
Can’t be helped. That’s the way it is.
I don’t know how anyone can see this as sustainable.
It's not sustainable.
Thanks to Dr Death Fauci and “The Scarf” Birx.
Our economy has tanked and we are now seeing food shortages.
Hyper-inflation here we come
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Fundamentally it should cause inflation. However, today, why would it? Who’s currency is ours going to devalue against? Who’s stronger?
AND...we’ll borrow the money from...Yes!...CHINA!
yep! The Clovid scare isn’t going away anytime soon. It’s too much of a windfall for researchers and government departments who claim they will need the money to supposedly keep us safe. Then to top it off; they’ll need even more money added to the bill to try and prevent a future occurrence of something they can’t even predict.
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