Post
Topic
Board Economics
Re: Fed on brink of fifth(?) round of quantitative easing
by
o_e_l_e_o
on 12/10/2023, 11:23:33 UTC
most of them probably make over $60,000 per year and i bet none of them is anywhere near the federal poverty level which is a joke in itself. the federal poverty level guidelines should be $35,000 for a single person. not $11,000 or whatever ridiculous number it is. call that number what it really is : the homeless level.  Shocked
Completely agree that a salary of $11,000 is almost unlivable, but let's not fool ourselves in to thinking $60,000 is rich by any means.

if you come up with 9 other similar sized reductions we're already at a tenth of a trillion dollars.
Which again, is nothing. We've added another $40 billion to the debt since my last post. Even with 10 such proposals you are making, you delay the inevitable by a day or two, at most.

and we're supposed to feel sorry for them with all their high salaries and fringe benefits if they can't get paid on juneteenth for not working? no thanks.
Don't you see that's what the government want? Worker against worker. Focus all your anger on some other person who is just slightly better off than you are. Never mind the multinational corporations evading billions in tax, never mind the banks laundering hundreds of billions, never mind the trillions wasted in our ridiculous healthcare or military budgets.

When the $105 has to be paid back but only $100 has been printed, there are only two options: when the money cannot be paid back, either bankruptcies or to print more, refinance and make the ball bigger, devaluing the purchasing power of the money more and more as a consequence.
Yup, we can't possibly let the billionaire banks fail. Money printer goes BRRRR to bail them out, and who cares about the average Joe getting poorer and poorer as this goes on?