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Taxpayers paid zero. What year exactly were taxes tripled to cover the amount loaned? Never? It didn't happen. Taxpayers realized significant profits on the lo
by ChrisLomont 5y ago
Taxpayers paid zero. What year exactly were taxes tripled to cover the amount loaned? Never? It didn't happen.
Taxpayers realized significant profits on the loans, since by law Fed profits past a small amount return to Treasury, which offsets taxes.
- cudgy 5y agoIt’s called deficit spending. No need to raise taxes now; defer it to future generations.
- ChrisLomont 5y agoThe money did not come from Treasury. It's not called deficit spending, which comes from loans from the Treasury. And they were loans, as well documented in this thread. Paid back with interest. Do you know the difference between the Fed and Treasury?