3 ms·
California is not a great example, since they pay out to the Fed so much more than they receive, so that infusion isn't really an infusion when you consider the
by gusgus01 1y ago
California is not a great example, since they pay out to the Fed so much more than they receive, so that infusion isn't really an infusion when you consider the overall budgets.
- hollerith 1y agoNit: "the Fed" means the Federal Reserve Bank, which does not collect taxes. "The US treasury", "the Federal government" or "Fedgov" would work in your sentence.
- gusgus01 1y agoIt was supposed to be "the feds", short for "the federal government", but missing the s led to autocorrect on my phone correcting it to "the Fed". I can't edit it now, luckily I think the message is still pretty clear.