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Um.. if you havn't noticed, the US federal government is operating in the red, and has been deficit spending for a few decades. This means, they don't have any money other than the money they print by selling US bonds or depreciating the value of the dollar. This means, that all of the money currently utilized for the stimulas is money that was previously borrowed, or money that is borrowed against future anticipated revenue streams all the while pushing us further into debt and further depreciating the US currency on a world front.
Um.. if you havn't noticed, the US federal government is operating in the red, and has been deficit spending for a few decades. This means, they don't have any money other than the money they print by selling US bonds or depreciating the value of the dollar. This means, that all of the money currently utilized for the stimulas is money that was previously borrowed, or money that is borrowed against future anticipated revenue streams all the while pushing us further into debt and further depreciating the US currency on a world front.
What revenues? We are deficit spending, have been for decades. The moneies collected in tax revenue streams have been spent before anybody fills out a 1040. Thus why after this act is complete in 2019, we will have increased our deficit by 800B+ dollars.
What revenues? We are deficit spending, have been for decades. The moneies collected in tax revenue streams have been spent before anybody fills out a 1040. Thus why after this act is complete in 2019, we will have increased our deficit by 800B+ dollars.
yes i know how this works...but we were not deficit spending during before Bush came in, Clinton had a surplus...the CBO projected we would have 800B dollars surplus from 2001-2009.
yes i know how this works...but we were not deficit spending during before Bush came in, Clinton had a surplus...the CBO projected we would have 800B dollars surplus from 2001-2009.
Clinton did not have a surplus, he had a budget surplus, big difference. On paper, his budget would have created a surplus, but in reality it didn't.
So to get back on topic the link has a good number of "top this" uses of stimulus money:
One state is using their stimulus money to hire a guy whose sole job is to get more stimulus money from the Fed government.
Another one I read is $300 dollar road signs that say this work is part of the stimulus package.
Another state is getting funds to build a guardrail along a lake that never got filled in for public safety but no one goes there cause the lake never got filled with water.
The article is such a sad commentary of how the government is throwing away all this stimulus money that you can only laugh and see which state can have the most outrageous use of funds.
Here's the link and it also dives a bit into TARP as well.
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Where did the tax revenue from 2007-present go
