What services did taking away Medicare dollars do to seniors and what will putting dollars back do pursuant to law?
They didn’t. The money taken was just made up by debt. This is part of how the debt doubled under Obama.
I do not know how it will be paid for, or if the U.S. will simply default one way or another.
We have been doing a kind of default with the “quantitative easing”. We have been paying debt by basically printing dollars electronically, as best I can determine.
We owe China hundreds of Billions. They demand payment, we ship them more electrons, totally recyclable, that shows they have been paid.
Theoretically, this should induce inflation, but we are not seeing anything like what the theorists would have predicted.
Theoretically, this should induce inflation, but we are not seeing anything like what the theorists would have predicted.
Because it’s spread out throughout the world. When they see the U.S. print money, they print money and benefit their cronies as well. When you consider that, it can be predicted it will take longer.
If that is ever stopped purposefully, the economy will see a renaissance not seen in decades.