What money are we using to pay this? We are already trillions in Debt, Tax time is going to hurt.
China is giving us a great discount on green ink... as long as we buy it by the tanker load.
I think this is going to be paid with borrowed money.
How much is the national debt anymore? North of $25 trillion, perhaps approaching $30 trillion after we add up all of the virus relief bills spending???
I haven’t heard anyone talk about inflation, but, historically, big increases in the money supply have triggered inflation. To paraphrase some politician somewhere, inflation is the cruelest tax of all. The buying power of all of our money will be reduced as all of this money circulates in the economy.
And in addition to the official national debt in the $20+ trillion range, we have tens of trillions of additional, “off the books” unfunded liabilities which some future president and Congress will have to grapple with.
That's why we need a tax revolt in this country. Time to punish the tyrants big time.
Is there anyone thinking about how the unsustainable debt will hurt our children and grandchildren? Our politicians are greedy and think only about their reelection.
>>>What money are we using to pay this? We are already trillions in Debt, Tax time is going to hurt<<<
Now that I’m fully Retired I don’t pay any Federal Income Taxes. I make sure to take a limited amount out of my IRA the so I don’t wander into the Income Zone of Bill Clinton’s infamous Tax 85% of Social Security Benefits.
If I was still working I would make sure to underpay Federal Withholding and never pay any quarterly Taxes to the IRS.
They would get their Blood Money and any Penalties on April 15th of the following Year. The Penalty would be worth it me. The Beast can wait to get its fill.
They already got a Lifetime’s worth of Taxes out of me.