Don’t forget the economic shock that would follow. Everyone has a few grand in their piggy bank? Time to raise prices, buying power has just gone up. Then people complain they still have the same standard of living. Salaries stay the same. Prices won’t go back down. The dollar is worth even less.
Oh, just another Trillion to the debt of $40T… no big deal, right? Man, who do we have to write to write off that debt? No one is buying it, and we have to buy it home. It’s an ouruborus of debt at this point.
~270,000,000 adult Americans X $5,000
$1,350,000,000,000.
Right.
Don’t forget the economic shock that would follow. Everyone has a few grand in their piggy bank? Time to raise prices, buying power has just gone up. Then people complain they still have the same standard of living. Salaries stay the same. Prices won’t go back down. The dollar is worth even less.
Guess who wins there.
Oh, just another Trillion to the debt of $40T… no big deal, right? Man, who do we have to write to write off that debt? No one is buying it, and we have to buy it home. It’s an ouruborus of debt at this point.