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Originally Posted by Skybird
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.
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That was part of my point. SOMEONE has to raise taxes to pay for this huge bill.
They were just showing on NBC Nightly News the other day the Fed having to print more dollars just to cover this huge deficit. Just print more.
As a taxpayer myself, it would have been nice if someone had at least asked "Hey, you guys wanna foot this bill?"
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Originally Posted by Platapus
There are many things that can be blamed on the Democratic Senators but being in the Majority for the past two years aint one of them.
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That, along with the fact that both houses have been essentially rubber-stamping 'YES' on to everything that the Republican-held White House has requested means that I hold (1) Republicans to blame for not providing the correct amount of control rods in the reactor, making it go into a melt-down situation and (2) Democracts to blame for going along with it.