The US Government has announced the bailout of US $ 787 Billion for economic stimulus. And all of this money is raised by US Treasury Bonds & Securities.
So in reality, US Government itself don’t have this much amount of money but it has borrowed this money from future generations…!!!
Surprised?……Don’t understand what I want to say?
Well, see according to Bloomberg, this is how it works,
“The $ 787 Billion the US Treasury will be borrowing or confiscating from you via taxation will saddle future generations with a legacy of debt. Your children and grand children can look forward to higher taxes, a lower standard of living and minimal government support in their old age.”
It means that, the US Government has leveraged this money from your future generations for benefit of you. The future generations of USA will experience higher taxes and minimal government support in their old age. In other words, the future generations will have to work like a slave and pay more in taxes to pay this US $ 787 Billion of Debt.
Federal Government has not given you this money from your pocket but they have leveraged your future generations. The Fed Government has bring this money from future generations for benefits of you today.
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