$1.9 trillion sure is a lot of money.
Where is all of the money going, I wonder?
Just to Jewish bankers and Indian scam artists, I guess?
Congressional Democrats will renew their focus this week on passing President Biden’s $1.9 trillion coronavirus relief bill, as they face a mid-March deadline when enhanced unemployment benefits expire, if Congress doesn’t act in time.
With former president Donald Trump’s impeachment trial out of the way in the Senate, Democrats are preparing to push the legislation through a few final procedural hoops before an expected floor vote next week in the House. From there, the legislation would go to the Senate.
Biden is participating in a CNN town hall Tuesday night to discuss the coronavirus, the economy and other issues. He is likely to use the opportunity to promote his relief plan, which includes a new round of $1,400 stimulus checks as well as hundreds of billions of dollars for schools, city and state governments, coronavirus testing and vaccine manufacture and distribution.
The proposal would also increase emergency unemployment benefits from $300 to $400 a week and extend them into the fall.
Despite divisions within the House Democratic caucus, Democrats have largely unified behind the legislation. Nine House committees passed their individual portions of the bill last week, fighting back GOP attempts to alter it with dozens of amendments targeting everything from abortion to the minimum wage to the Keystone XL pipeline.
Democrats defeated all the GOP amendments save for one, a relatively minor measure in the Agriculture Committee aimed at compensating farmers impacted by derecho storms last year.
Republicans repeatedly said they were frustrated their views weren’t being considered as Democrats pushed the legislation forward without GOP support. Democrats defended their approach, saying they need to act quickly to inject more money into the health care system and stabilize the economy with millions still out of work.
“Economists, left, right and center, have all embraced a similar position, and that is we have to go big,” House Ways and Means Chairman Richard E. Neal (D-Mass.) said in an interview.
“Trying to spend money on a problem that’s international in scope and not caused by malfeasance or corruption requires a national response,” Neal said.
Is anyone talking about or even thinking at all about the effect that this is going to have on inflation? Or is the assumption just that $1.9 trillion in value will be added to Tesla stock, and then it will all just work out?
I’m starting to wonder if it’s possible that the people running our country are just not really very responsible.
I mean, if the economy was capable of absorbing this amount of new money, and that this is good for the economy, then why weren’t we just doing it all along?
Just so you understand the kind of new money we’re talking about here, let me post some images.
This is one million dollars:
This is 100 million dollars:
This is a billion dollars:
This is a trillion dollars:
We’ve printed about 15 trillion dollars since the coronavirus hoax started. Now we’re printing two trillion more.
And no one knows where this money is going.
You’re not getting it. I’m not getting it.
And it appears to be a secret who is getting it.
Typically, the way things work is when you increase the supply of something, the demand goes down.
What this means, theoretically, is that because demand for the dollar is going to go down, the value is going to go down, which will then mean that things cost more money.
That is good for people who live on debt, because it effectively lessens the amount that they owe.
It’s not good however for people who live on dollars.
It seems like the easier solution, if you cared about society, would have been to just never have a coronavirus hoax in the first place.
But now, what it looks like to me, is that the dollar is going to go into hyper inflation, which will mean that it will become useless.
This would of course provide an excuse for the government to replace our current paper currency with a new digital currency, which would be hooked into a global financial system.
If that was the goal from the beginning, this would all make sense.
Otherwise, the only explanation is that they are insane.
You can figure it out.
I just report the facts.
But it’s also possible that AOC is just a big silly dumb-dumb head and Joe Biden is just a doddering old senile fool, and they’re just too gosh darn dumb to know what’s going on.