Article from For Liberty by Norm Leahy.
The federal government is only just beginning to distribute the more than $2 trillion if funds from the third round of government relief and talk on Capitol Hill is about the pressing need for round four.
The estimated price tag? At least $1 trillion. And it’s likely to be another bipartisan spending spree:
Democrats are looking to extend unemployment aid and small-business assistance for additional months, as well as authorize another round of direct checks to taxpayers.
Trump has signaled support for some of the ideas that Democrats back, such as expanded help for small-business owners and new bailout checks for households. Republican leaders, meanwhile, have also called for more corporate aid and money to boost the overwhelmed health-care system.
The differences in these proposals are putting smaller firms and workers at the head of the line, rather than large corporations, which thanks to their aggressive teams of lobbyists, were able to capture more than $500 billion of the most recent relief bill.
All of this has a cost, of course. Goldman Sachs estimates the federal deficit will reach “$3.7 trillion in 2020.”
It’s likely to be even higher. And all of it will eventually have to be repaid.
Image Credit: By Jericho [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons
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WONDER JUST HOW MUCH OF THIS TIME AROUND FUNDS WILL GET INTO THE COMMIE CRATES POCKETS.SINCE THEY AREN’T RICH ENOUGH,GUESS THEY WILL TAKING THEIR MONEY TO HELL WITH THEM.
OK, le’see… we now are aiming for our debt to be somewhere around $4T… If I understand correctly, China/Chicoms own a whole bunch of our debt… plus they own a whole bunch of real estate, even here in Indiana…
Because Chicoms decided to mess this thing up from the very beginning, be it from letting the virus “out” to selling bats for people to eat since their own country can’t grow even beans or rice for them to eat, to not telling the “world” the truth about their part(s) in the lying & non-information they’ve tried to spread, the severity of this whole pandemic lies squarely on their shoulders. Therefore, the amount of the debt load that they own becomes PIF/forfeited – gone. The real estate that they own (yeah, it was “Chinese investors” but anyone that knows anything about China, that means “China-owned” becomes forfeited to the State governments who can auction it off & get not only the cash from sale but the taxes.
Mr. President, we need more money the $1,200. is gone and we did not even get it yet.