A little know provision of the Heroes Act passed by House Democrats would allow states and cities to borrow from the Federal Reserve Bank at extremely low rates for ten years, essentially replacing the municipal bond market.
Bailouts are coming no doubt about it. Whether they are long term discounted loans that are forgiven at a later date or straight up cash. Call it what you want but they are on their way.
NB-Chicago
5 years ago
WOW!!–If enacted, why even bother with state sovereignty. Its all out debt-don’t matter MMT socialism, the feds will solve everything….and at that point its just a matter of–WHERES MY MULTI-MILLION $ RETIREMENT DEAL MR MADIGAN???
Tom H
5 years ago
What could go wrong!? Good grief.
Governor of Alderaan
5 years ago
The Democrats say yes! The Democrats want total government control over all human activity. No private markets, no uncontrolled transactions of any type, no private property, no independence from the government
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Bailouts are coming no doubt about it. Whether they are long term discounted loans that are forgiven at a later date or straight up cash. Call it what you want but they are on their way.
WOW!!–If enacted, why even bother with state sovereignty. Its all out debt-don’t matter MMT socialism, the feds will solve everything….and at that point its just a matter of–WHERES MY MULTI-MILLION $ RETIREMENT DEAL MR MADIGAN???
What could go wrong!? Good grief.
The Democrats say yes! The Democrats want total government control over all human activity. No private markets, no uncontrolled transactions of any type, no private property, no independence from the government