States are borrowing from thwe fed, but where is the fed borrowing it from? China? And these are states that are already have huge budget shortfalls.
This is getting absurd. Some are forcasting the economy to collapse this summer. Be ready. Prepare. And hope it hangs on.
Of course its absurd.
Hope it hangs on? So they can go even farther into debt?
Just imagine what the economy would look like (statistically speaking) without this borrowing.
This is a giant stimulus package which is masking just how bad this economy is.