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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBREAKING: US Treasury plans to borrow nearly $3 trillion THIS QUARTER (April to June 2020).
BREAKING: US Treasury plans to borrow nearly $3 trillion this quarter (April to June 2020).
This is borrowing on a scale not seen since WWII, but most economists and policymakers agree it is necessary to fight COVID-19.
This is borrowing on a scale not seen since WWII, but most economists and policymakers agree it is necessary to fight COVID-19.
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BREAKING: US Treasury plans to borrow nearly $3 trillion THIS QUARTER (April to June 2020). (Original Post)
MelissaB
May 2020
OP
captain queeg
(10,081 posts)1. From China?
no_hypocrisy
(46,009 posts)2. My first thought as well.
Tariffs. Blaming China for spreading CV-19. Threatening to sue China for CV-19. Talking about not paying China for past debt.
Suuuuuuuure!
iemitsu
(3,888 posts)3. It's time to start taxing the rich and corporations again.
They need to pay their fair share.
LiberalArkie
(15,703 posts)4. From Social Security and Medicare ?
jimfields33
(15,667 posts)5. Definitely from there
We are not going to ask China thats for sure.
gratuitous
(82,849 posts)6. And Trump demands a payroll tax cut in the next relief package
Pinhead.
And, for all this money being put on the cuff, we can't just write checks to our own people. No, the money has to go to businesses and corporations for payroll protection, except there really aren't too many restrictions on how businesses spend that money.
Just cut everyone in the country a monthly check for $2,000 until the crisis is past.
GemDigger
(4,305 posts)7. If China ever decides to call in all our debt, we are screwed. China will own us, literally.
Lock, stock and barrel.
Baked Potato
(7,733 posts)8. Smoke and mirrors.