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by nostromo
1360 days ago
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The only reason the states are afloat right now is because the federal government gave them hundreds of billions in printed money. So, yeah, it’s printed all the same. 1. Federal reserve makes several trillions in new money and lends it to the US Government. 2. The US Government passes “infrastructure” and “Covid relief” bills that shower billions on states and cities. If not for this flow of printed money, most of the states would be cutting budgets since 2020. So, yeah, a lot of it is printed. |
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