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> No, that $1,200 didn't come out of the Fed printing press. It came out of the general budget, so taxpayers are going to be on the hook for paying it back, in

• RobertoG 7y ago
  As it should be. Public debt is just a number that express the accumulated of pass deficits. In order to reduce that number you need a government that, instead of a deficit, have a surplus. If the government has a surplus, less money is spend in the economy. If that reduction in spending is not compensated somehow, necessarily, the GDP has to fall. The only things that can reduce that fall in government spending are a positive balance commerce or an increase in private debt. Now, an increase in private debt, instead of public debt, that's a real problem.