BREAKING: US Treasury plans to borrow nearly $3 trillion THIS QUARTER (April to June 2020).

[MelissaB]

BREAKING: US Treasury plans to borrow nearly $3 trillion this quarter (April to June 2020).

This is borrowing on a scale not seen since WWII, but most economists and policymakers agree it is necessary to fight COVID-19.

Link to tweet

[captain queeg]

1. From China?

[no_hypocrisy]

2. My first thought as well.

Tariffs. Blaming China for spreading CV-19. Threatening to sue China for CV-19. Talking about not paying China for past debt.

Suuuuuuuure!

[iemitsu]

3. It's time to start taxing the rich and corporations again.

They need to pay their fair share.

[LiberalArkie]

4. From Social Security and Medicare ?

[jimfields33]

5. Definitely from there

We are not going to ask China that’s for sure.

[gratuitous]

6. And Trump demands a payroll tax cut in the next relief package

Pinhead.

And, for all this money being put on the cuff, we can't just write checks to our own people. No, the money has to go to businesses and corporations for payroll protection, except there really aren't too many restrictions on how businesses spend that money.

Just cut everyone in the country a monthly check for $2,000 until the crisis is past.

[GemDigger]

7. If China ever decides to call in all our debt, we are screwed. China will own us, literally.

Lock, stock and barrel.

[Baked Potato]

8. Smoke and mirrors.