10-01-2020, 09:57 PM
I saw a stat that said 1/3 of incomes are the product of federal government support programs. Farm subsidies, PPP, QE, industry bailouts, extended unemployment benefits, various Fed buyer of last resort programs.
The U.S. Government spent at least $6 Trillion this year and took in $3 Trillion. This deficit is double the amount that inspired the Tea Party to whine about spending 10 years ago. Funny how those who howled then are dead saline now.
The U.S. Government spent at least $6 Trillion this year and took in $3 Trillion. This deficit is double the amount that inspired the Tea Party to whine about spending 10 years ago. Funny how those who howled then are dead saline now.