Right after you explain how lowering the unemployment rate will eliminate our budget deficit. Stuff it.
If I only have $100 in my checking account and I write a check to the grocery store for $150, the check comes back and the store didn’t get the money it thought it was getting. And the store will no longer take my checks.
I know this is not the way it’s done anymore since now there are bar codes on the checks and you can’t “float” them anymore. But that’s still basically what the government is doing. So, can someone explain, in VERY simple terms, why anyone keeps accepting “hot” checks from America?
Unemployed people draw unemployment which adds to the debt/deficit, should I start talking to you like first grader. Do you really know basic math and economics?