So after months and months of political infighting and election posturing, it appears that Congress will pass another major “stimulus” bill. With a price tag of $900 billion this will be one of the largest bills ever passed and it is even tied to another spending bill that comes in around $1.4 trillion. Congress has clearly taken out the country’s credit card during the holiday season. The $1.4 T will only keep the lights on in the country for a few months and then they’ll be right back to the drawing board.
Nonetheless, the $900 billion is already drawing some harsh criticisms as there are billions that are going to foreign countries. And while the bill is securing another round of “stimulus” checks, this time the amount will come to $600 as opposed to the $1,200 issued earlier in the year. Further extensions have also been put into place with respect to unemployment programs and eviction moratoriums. These are merely temporary adjustments to structural issues and as such, will not solve anything. 2021 is likely to prove even worse than 2020 with respect to the economy and these measures passed by Congress are further indication that this will likely prove correct. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Jobs #Bailouts #USA #Liberty #Revolution #EndTheFed #BananaRepublic #Inflation #Gold #Silver