“where was all of this money spent?”
Good question. Mostly in politician’s (and their cronies) pockets. There needs to be an accounting and justification for $ expenditures. When Biden says 1 1/2 trillion for infrastructure it should be itemized how exactly will it be spent. You can’t get a loan by telling the bank I need it to buy “stuff”
“””Mostly in politician’s (and their cronies) pockets. There needs to be an accounting and justification for $ expenditures. When Biden says 1 1/2 trillion for infrastructure it should be itemized how exactly will it be spent. You can’t get a loan by telling the bank I need it to buy “stuff””””
Thanks for the dittos. Over the past 40 years our Federal politicians have, on average, spent $750 billion each year on ‘something’ and those ‘somethings’ were funded by issuing $750 billion of government bonds (IOU’s)each year.
And now we have a $30 trillion national debt and nobody can point to any ‘visible improvements’ in our country that these trillions were spent on.
No, what has happened is like the senior citizen who does a reverse mortgage on his fully paid house so he can go on an ‘around the world’ cruise.