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It started out as an estimate of one trillion. Add to that the 2.2 trillion bailout just passed, and you have 3.2 trillion. Add to that the decrease in revenue due to the lockdown, and we have maybe another trillion or so.
I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.
Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?
oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?
I'm estimating 4 trillion, or more than the federal government normally takes in in taxes in a year.
Anyone else find these figures disconcerting? How long can that sort of deficit spending be sustained before the dollar collapses?
oh, and a trillion is such a large number most of us can't imagine it. Divide that trillion by 200 million, roughly the adult population of the USA, and four trillion is about $20,000 for every adult in America.
If my MasterCard had that much on it, and I didn't have that amount ready to pay it off, I'd be worried. Wouldn't you?