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I just love the Fed stimulus too. The pension funds depended on government bond yields which have tanked due to the stimulus and then Illinois raised taxes to cover it. Stimulus?
The national debt is the main source of all liquidity. What is even more of a joke is the the Fed is now rebating all the securities it has purchased back to the Treasury, actually making it worse, not better.
We still have a private debt and foreign debt problem, and we still don't have a national debt problem. The national debt is what creates all our liquidity.
But not everyone receives profit from it, do they?
Quote:
Originally Posted by Finn_Jarber
Can you help me find the post of mine you are referring to where I said I oppose what you say I oppose. Thanks
You sure do spend a lot of time worrying about tax cuts on the wealthy, what else could one summarize from your resistance to allow people to keep their own money?
Ummmmmmm........................... they did that in the early '90s and it failed then. The US had a failed "stimulus" since then.
Now why in the world do they think that it will work now?
Because these fools never see other peoples money they don't want to spend. Or in our case money they never plan on paying back they don't want to spend. 20T in debt who cares is the battle cry. No wonder people in this country aren't responsible about money. Their own government sets a pathetic example.
But not everyone receives profit from it, do they?
I didn't say anything about "profit", but whoever retires and receives SS payments, is being paid back some of the money the government owes them
Quote:
You sure do spend a lot of time worrying about tax cuts on the wealthy, what else could one summarize from your resistance to allow people to keep their own money?
Show the posts so I we can examime my words. As of right now, I have no clue what you are referring to.
Social Security debt isnt counted as federal debt, try again.
Yes, it is a part of the national debt.
So, did you find those quotes to back up your claims?
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