(((tedfrank)))

@tedfrank ↗

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Last Checked Aug. 30, 2022

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Wed Aug 24 11:45:30 +0000 2022

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(((tedfrank))) @tedfrank

This is just a helicopter dump of $250 billion (plus tens of billions more in interest forbearance). The amount of goods and services to purchase will remain the same because this doesn’t change production. What do you think happens to prices? — PolitiTweet.org

Posted Aug. 24, 2022

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(((tedfrank))) @tedfrank

A bunch of hardworking people are going to pay for something to give away money to some of the most privileged people in America, at the expense of increased inflation and a deeper recession when the government gets around to taking inflation seriously. — PolitiTweet.org

@tedfrank Someone might get something I didn’t

Posted Aug. 24, 2022

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(((tedfrank))) @tedfrank

Add 0.5% to inflation, or $350 in extra cost for the average household in America, and $2000/year to a new $400,000 mortgage. I know no one cares about the national debt any more, but one day we’re going to have a real emergency and won’t be able to afford it. — PolitiTweet.org

Posted Aug. 24, 2022