The same people who pay for everything: American citizens.
Certain politicians might make you angry, but you should be even angrier knowing the fact that you are actively paying their high salaries for them to fuck you.
Yes. That's one recourse someone with excess savings can do to help protect themselves, but that still won't insulate you from economic collapse caused by inflation. Still better than being a chump though.
I'm pretty sure the money is from the original CARES act but I might be wrong. A lot of it was still unused and that was what made no sense about the Dem hold up.
If it is from the original CARES Act then the money would come from the Federal Reserve / Treasury. Without going into too much detail - it's not your tax dollars that pay for it in the traditional sense. When the Fed chooses to increase the money supply they work with the treasury to 'print' new money. The money is entered into the economy through various open market operations, traditionally with other banks, which the Fed then uses to control the money supply. When you hear about the national debt it's because of this process. The securities that are created in this process are typically issued as Treasury Bills.
I skipped a lot but the point is the money isn't paid for by taxes like welfare. It's instead 'paid' by the resulting effects on inflation and the interest rates. Your biggest worry with something like this is Hyper Inflation. But we're no where close to the level of money creation that we saw in '08 and we do retain "King Dollar" status so it's not like countries are hot and bothered to dump the dollar anytime soon.
This is all assuming that the enhanced unemployment insurance was using funds from the $2.3 trillion the Fed created for the China Flu. So if I'm wrong on that then whoops. But the money used in the stimulus checks for example came from the Fed.
Who pays for this?
The same people who pay for everything: American citizens.
Certain politicians might make you angry, but you should be even angrier knowing the fact that you are actively paying their high salaries for them to fuck you.
No, it's free money. This country won't be around long enough to pay it back. Rob the treasury, that's always the final phase of a country.
We all do with inflation on our savings in fiat currency. The government has no money left. We're in debt and run annual deficits
disgusting
The best thing you can do to start with is vote for politicians that don't spend money we don't have! Get rid of RINOs!
Buy assets.
Yes. That's one recourse someone with excess savings can do to help protect themselves, but that still won't insulate you from economic collapse caused by inflation. Still better than being a chump though.
Future taxpayers?
I'm pretty sure the money is from the original CARES act but I might be wrong. A lot of it was still unused and that was what made no sense about the Dem hold up.
If it is from the original CARES Act then the money would come from the Federal Reserve / Treasury. Without going into too much detail - it's not your tax dollars that pay for it in the traditional sense. When the Fed chooses to increase the money supply they work with the treasury to 'print' new money. The money is entered into the economy through various open market operations, traditionally with other banks, which the Fed then uses to control the money supply. When you hear about the national debt it's because of this process. The securities that are created in this process are typically issued as Treasury Bills.
I skipped a lot but the point is the money isn't paid for by taxes like welfare. It's instead 'paid' by the resulting effects on inflation and the interest rates. Your biggest worry with something like this is Hyper Inflation. But we're no where close to the level of money creation that we saw in '08 and we do retain "King Dollar" status so it's not like countries are hot and bothered to dump the dollar anytime soon.
This is all assuming that the enhanced unemployment insurance was using funds from the $2.3 trillion the Fed created for the China Flu. So if I'm wrong on that then whoops. But the money used in the stimulus checks for example came from the Fed.
According to the Order, 75% is federal, 25% from individual state government...