4 trillion of the was the fed putting money into the markets!!!
Every headline says 2T. Nowhere is it printed that it’s actually 6T. I only found out tonight on Hannity and about fell over. Misinformation once again.
The Federal Reserve can usually reverse anything they do.
If they buy up bonds, they can eventually sell them off.
Or they can just hold them until the issuer pays them off.
Either way, the Treasury ends up getting any profits, and the money comes back out of the system.
Fiscal stimulus isn’t as easily reversed. But it depends on how it’s done.
Direct payments are likely taxable as income and are taxable when spent. So sales tax goes to state and local governments,when spent. Depending on the income tax bracket, up to 155 will flow back to the US government.
If they spend it on infrastructure, you get long term economic benefits of whatever you build, roads airports, etc. which indirectly builds up the economy and feeds tax dollars but impossible to measure.
ALL 6 trillion is BAD
I’m sorry I thought we were conservatives here I must have been mistaken :)
I KNOW we will regret adding SIX TRILLION to the debt and sooner than later.
The markets would have come back when the economy came back.
But just like little children, Americans can’t wait for anything anymore or take ANY suffering.
What a sick joke