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Give a monthly livable stipend to the hard working citizens of this country that have lost their jobs and cant pay their rent and cut ALL foreign aid. The economy will come roaring back but until then we need to take care of each other.
Give a monthly livable stipend to the hard working citizens of this country that have lost their jobs and cant pay their rent and cut ALL foreign aid. The economy will come roaring back but until then we need to take care of each other.
They cannot just stop all foreign aid, and it still wouldnt be enough to cover giving every citizen a monthly stipend, that would be trillions of dollars per month!!!
It would send our national debt up into the 100s of trillions of dollars!!
I dont think many people realize how MUCH MONEY 1 Trillion dollars actually is!!!!!!
They cannot just stop all foreign aid, and it still wouldnt be enough to cover giving every citizen a monthly stipend, that would be trillions of dollars per month!!!
It would send our national debt up into the 100s of trillions of dollars!!
I dont think many people realize how MUCH MONEY 1 Trillion dollars actually is!!!!!!
I think all of this chit chat is all for nothing . I dont believe we will ever see checks in our checking account so i think you all need to quit worrying about what is not even true or real .
Give a monthly livable stipend to the hard working citizens of this country that have lost their jobs and cant pay their rent and cut ALL foreign aid. The economy will come roaring back but until then we need to take care of each other.
Yeah, foreign aid is a mere pittance in comparison - $50 billion (in 2017), which is strange to call that a pittance but we are comparing to trillions.
And, keep in mind, US government entitlement is already a couple trillion a year (most SS, medicare, medicaid, etc) even before COVID.
Also, we don't want to pay people NOT to work. That's not exactly a way to bring the economy "roaring back". Unemployment benefit increase in the stimulus is pretty damn genourous to those that made low wages such as they will make more money not working, then working. We are issuing bonds like crazy to infuse our economy and fund the stimulus package already, but it all has an impact down the road when our children and grand children need to pay it all back.
Does the government plan to just print zillions more dollars? Wouldnt this cause inflation thus increasing interest rates and prices?
Monetary Inflation also causes wages to rise. You left that part out, albeit there is some lag-time between the increase in prices and the increase in wages.
Quote:
Originally Posted by TimAZ
In the modern word debt and money are equivalent. If a government needs “money”, it sells bonds to the central bank, and then the bank puts (digital) money into the accounts. Taxpayers’ future sweat equity (and for the USA, some nuclear tipped missiles) is what backs the bonds.
Quote:
Originally Posted by oceangaia
The Federal Reserve are not real banks nor are they supported by real banks. They are not companies but constructs of the 1913 Federal Reserve Act which created them to print and distribute money. In order to maintain order, when they print money an offsetting entry is made in the liabilities column.
Thanks for making uneducated guesses.
The Federal Reserve sells nothing.
The Treasury Department sells securities to domestic and foreign cities, townships, counties, departments and provinces, US and foreign States, domestic and foreign banks, domestic and foreign corporations and non-corporate businesses, domestic and foreign insurance companies, domestic and foreign labor unions and domestic and foreign private investors.
The Federal Reserve does not print money, either. The Treasury Department prints money.
Give a monthly livable stipend to the hard working citizens of this country that have lost their jobs and cant pay their rent and cut ALL foreign aid. The economy will come roaring back but until then we need to take care of each other.
Everyone who knows about US budget also knows where the money goes; entitlement programs along with defense consume majority of federal budget.
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