SUBSIM Radio Room Forums - View Single Post - New Reason to Raise Taxes on the Rich: ‘Patriotism’

Skybird · 09-19-08, 12:16 PM

Today the biggest aid package for the markets had been announced by the US government, several "hundreds of billions" of tax-dollars will be pumped into the system over the coming weeks and months.

I wonder where this money is coming from. If it all just gets newly printed, you can expect a huge jump in inflation. If it is being taken from other parts of the budget, it is missing somewhere else. And if the money is raised by lending, it means that america accept even more debts and a deficitary budget. This money needs to be payed back then - I wonder how they do it without making cuts to other parts of the budget, the military budget - or raising taxes.

09-19-08, 12:16 PM	#23
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,645 Downloads: 10 Uploads: 0	Today the biggest aid package for the markets had been announced by the US government, several "hundreds of billions" of tax-dollars will be pumped into the system over the coming weeks and months. I wonder where this money is coming from. If it all just gets newly printed, you can expect a huge jump in inflation. If it is being taken from other parts of the budget, it is missing somewhere else. And if the money is raised by lending, it means that america accept even more debts and a deficitary budget. This money needs to be payed back then - I wonder how they do it without making cuts to other parts of the budget, the military budget - or raising taxes. __________________ If you feel nuts, consult an expert.