It looks like Congress is getting ready to pass another $410 billion worth of spending. Here. This is on top of the $700 billion passed last week. All in all, this will be nearly a trillion dollars spent beyond the regular federal budget – in one month.
So much money, I almost can’t believe it. Why can’t government live frugally? Clearly government will have to pay down this debt, eventually. It can’t be avoided and there is no bankruptcy option. Let’s hope this doesn’t affect our wealth as a nation too much, but I’m afraid it will.
Best,
James
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