On October 11, 2019, the U.S. Federal Reserve announced it would begin buying billions of Treasury bills every month to ensure the nation’s banking system would have “ample reserves” through the end of 2019 as part of its efforts to help prevent a liquidity crisis from wreaking havoc in U.S. money markets.
As in 2009 and 2010, it is unlikely that we will see greater prosperity in the future as a result of the 2019 budget deal.
Net interest on the national debt has become one of the fastest growing segments of federal spending.
When you think of all the ways that the U.S. government spends money, which of its functions do you think tops the list?
Federal spending hits highest level since bank bailout and Obama stimulus.
An excuse to raise taxes on the American people.
With the close of FY18 looming, federal spending is expected to skyrocket.
The proposed spending bill funds key programs at a hefty price tag.
With billions left to spend, cronyism will abound.
Not fully paying for themselves nor “exploding” the deficit.