Posted by tangplay on 3/6/2021 7:00:00 PM (view original):
Yeah I know, it's disappointing. I voted for Biden because I was told that Trump was pushing hard for stimulus. Little did I know that Biden would betray me by giving money to Americans!
DAMN YOU, BIDEN!
Don't you mean loaning money to Americans?
The whole basis of a fiat currency is the ability to pay back what you create. In 10 years, or whatever the average maturation of the bonds sold to fund this massive pile of debt happens to be, we're going to have to pay the money back. With interest.
I've said it before and I'll say it again - writing untargeted checks to the vast majority of Americans is one of the worst ways you could spend the money if the goal is to stimulate the economy. Calling it a stimulus is misleading, at best.