Where will the money come from to pay for HR 1?

[usmcstinger]

Is it written into this Legislation? Please, I need a Democrat to explain it to me.

 

[AFrench2]

The US is a country with a treasury and can pay for things using taxation of its citizens, as well as selling treasury bonds or other financialization tools such as loaning to banks.

 

[Jets]

The Fed.

 

[Oddball]

 

[ReinyDays]

Hyperinflation ...

 

[Coyote]

Is it written into this Legislation? Please, I need a Democrat to explain it to me.

It will come from the same place as the other two prior relief bills that occurred before you cared about the cost.

 

[Slade3200]

View attachment 466542

The ol cotton linen printer!! Those are the best

 

[Slade3200]

Hyperinflation ...

How?

 

[Orangecat]

The US is a country with a treasury and can pay for things using taxation of its citizens, as well as selling treasury bonds or other financialization tools such as loaning to banks.

And yet we have the highest debt in human history. Perhaps we should rethink the practice of borrowing from future generations.

 

[Blackrook]

The government can print money and pretend it's real. Therefore, there will never be a need to stop out of control spending.

 

[ReinyDays]

Hyperinflation ...

How?

For a 1,000% inflation ... then the $30 trillion debt is the same as $30 billion ... some school districts spend that much ...

 

[Winston]

The US is a country with a treasury and can pay for things using taxation of its citizens, as well as selling treasury bonds or other financialization tools such as loaning to banks.

And yet we have the highest debt in human history. Perhaps we should rethink the practice of borrowing from future generations.

It is not the amount that is being borrowed that matters. It is about the cost of servicing that debt, and it is cheap as shit. Hell, about a year ago the federal government got PAID to borrow money. Few people have a grasp of finance, that is unfortunate.

 

[Slade3200]

The US is a country with a treasury and can pay for things using taxation of its citizens, as well as selling treasury bonds or other financialization tools such as loaning to banks.

And yet we have the highest debt in human history. Perhaps we should rethink the practice of borrowing from future generations.

How has the debt effected us so far?

 

[Slade3200]

The government can print money and pretend it's real. Therefore, there will never be a need to stop out of control spending.

In that case why do you oppose out of control spending? Assuming thats your position

 

[Slade3200]

Hyperinflation ...

How?

For a 1,000% inflation ... then the $30 trillion debt is the same as $30 billion ... some school districts spend that much ...

What makes you think there will be a 1000% inflation?

 

[ReinyDays]

What makes you think there will be a 1000% inflation?

History ...

 

[Slade3200]

What makes you think there will be a 1000% inflation?

History ...

Can you explain when in our history we have seen that kind of inflation because of our debt?

 

[usmcstinger]

Obviously, they are going to increase the Corporate Tax Rate, most likely they are going to increase the federal with holding tax on payrolls checks, the Federal Tax on Gas and I am sure Taxes are going to rise to pay for Obama Care and much more? Then will come the unintended consequences which will not be positive for our economy. The problem with the Dems is they keep trying failed economic policies and expect it to have a different effect.

 

[ReinyDays]

Can you explain when in our history we have seen that kind of inflation because of our debt?

Try post-WWI Germany ... history exists outside the United States ...

 

[Lakhota]

Where will the money come from to pay for HR 1?

The same place Trump's TWO TRILLION DOLLAR tax cut for the rich came from!