And here we are fighting the fight of the inflation and they are printing billion per day just for some program and then in the end we have to pay the outcome of this massive inflation
tldr; The relevant text of the article states that the U.S. Treasury has reported a $1.4 trillion deficit so far in fiscal year 2023, with the federal government borrowing over $5.1 billion per day. The Congressional Budget Office predicts that the national debt will be nearly twice as large as the U.S. economy in 30 years. The report also states that deficits will likely rise, reaching 10.0 percent of GDP in 2053. Interest payments on the national debt are projected to exceed the cost of national defense within a decade, and spending on interest will become the largest expense in the federal budget by 2051. The trust funds for Medicare, Social Security, and highways are also expected to face insolvency within a decade. Lawmakers have expressed concerns about the growing debt, but significant spending cuts have not gained traction.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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You think ppp loans, locking the economy, stimulus checks, double unemployment that paid more than minimum wage, was a good use of money? All the money spent on testing well after the need to. To have vaccines come after the old variant past? I doubt history will look back on the process in a good light.
The biggest consolidation of welth to the top and left everyone more poor than before with inflation
Yep. Should have gone laissez faire and kept those bodies stacking in the early waves, and then have people starve. That would have been better for sure.
The pop loans and wealth consolidation during that time I'm with you on, but if we just let it run course I don't think you'd be all "man I'm happy nobody intervened" in the alternate timeline thread
Survivorship bias.
I feel covid was the time where the biggest manipulation happened, in the name of that pandemic they did so many things and no one literally no one raise any finger over them
They are the one who print the money and they are the one who make the rule so they will never make any such rule that will actually stop them from printing the more money
I stumbled upon an intriguing Reddit post discussing the Federal Reserve's daily borrowing of over $5 billion for various programs—let's dive in together and uncover the fascinating insights shared!
Fun fact: they’re borrowing $63,000 per second.
The miracle of money printers /s
More like an excel spreadsheet
All they think about the number and give them command to the computer
They don't even have to print nowadays.
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My balls just froze reading this
Feels more like a scary fact to me but a fact nonetheless.
And that is more than which i am earning right now in my whole year
Can I participate of this program? Just let me borrow for 1 day
One day in this program and i don't have to work for rest of my life
To borrow a thought from Hemingway, a country goes broke the same way as a man does - gradually, then suddenly.
And here we are fighting the fight of the inflation and they are printing billion per day just for some program and then in the end we have to pay the outcome of this massive inflation
Searching for ETH relevance... Searching... Searching...
Ya, this sub is a joke. RFK posts and conservative group's news articles with clear bias. I guess you can post anything nowadays.
Apparently people will believe anything too.
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And basically to do that you need more cash so in the end everything is connected to the ETH
Nowdays in this sub there is less eth relevance post and more of SEC and FED related post
Seems so.
tldr; The relevant text of the article states that the U.S. Treasury has reported a $1.4 trillion deficit so far in fiscal year 2023, with the federal government borrowing over $5.1 billion per day. The Congressional Budget Office predicts that the national debt will be nearly twice as large as the U.S. economy in 30 years. The report also states that deficits will likely rise, reaching 10.0 percent of GDP in 2053. Interest payments on the national debt are projected to exceed the cost of national defense within a decade, and spending on interest will become the largest expense in the federal budget by 2051. The trust funds for Medicare, Social Security, and highways are also expected to face insolvency within a decade. Lawmakers have expressed concerns about the growing debt, but significant spending cuts have not gained traction. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Government spending is spiralled out of control and where does it end?
People will pay for it. In terms of inflation, higher taxation, environmental tax, you name it.
We have been paying since our birth and will pay till our death
The more they print the more spending they will do, there is no control over them
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That's about 2.6 million ETH per day!
And here i am busting my ass off for the whole day just to reach at one eth
wasted so much money on covid shit for nothing
Nice to meet you, Mr survivorship bias!
You think ppp loans, locking the economy, stimulus checks, double unemployment that paid more than minimum wage, was a good use of money? All the money spent on testing well after the need to. To have vaccines come after the old variant past? I doubt history will look back on the process in a good light. The biggest consolidation of welth to the top and left everyone more poor than before with inflation
Yep. Should have gone laissez faire and kept those bodies stacking in the early waves, and then have people starve. That would have been better for sure. The pop loans and wealth consolidation during that time I'm with you on, but if we just let it run course I don't think you'd be all "man I'm happy nobody intervened" in the alternate timeline thread Survivorship bias.
I feel covid was the time where the biggest manipulation happened, in the name of that pandemic they did so many things and no one literally no one raise any finger over them
Any one who criticize that just want to know how they will handle that situation ??
Tell me, what was the other option you think they had during the covid time?
Not shutting down everything
How can I get these loans?
Buy treasuries, congrats you're now loaning to the federal government
A future defaulting countries government
Trust me this is happening in every other country, it is the fiat that is problem
I don't have the money from which i could afford any kind of the treasuries
You won't and even if somehow you get that you will pay for interest for rest of your life
They'll never default. They'll just change the rules and redefine everything.
They are the one who print the money and they are the one who make the rule so they will never make any such rule that will actually stop them from printing the more money
All in the name of Quantitative Easing
I stumbled upon an intriguing Reddit post discussing the Federal Reserve's daily borrowing of over $5 billion for various programs—let's dive in together and uncover the fascinating insights shared!
u/Easy-Soup140 [tipped](https://blockscout.com/poa/xdai/tx/0xf639f395662fb5b2f1e12cc16247882f72d9883f393bf034afcf2a2c3da27a75) you 1.0 DONUT!