21 sats \ 11 replies \ @Satosora 7 May \ parent \ on: US Treasury issues 125 billion dollars worth of new bonds this week econ
How would they even enact it? Give each parent a debt of 1000$? That would hurt a lot, considering how much a baby costs!
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31 sats \ 2 replies \ @Cje95 7 May
It isnt a debt! It is $1k set aside for the kid and they get it when they turn 18 it doesn't cost the parents anything!
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0 sats \ 1 reply \ @Satosora 7 May
They dont just give out free money. There is no such thing as a free lunch.
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21 sats \ 0 replies \ @Cje95 7 May
I mean read the leg... it is free money. What I commented earlier was that they could in theory instead of put it in savings accounts like the legislation talked about instead give the kid $1k in US bonds to offramp some of the vast bond holdings
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10 sats \ 7 replies \ @Undisciplined 7 May
There are lots of options, but one that comes to mind is that they could make it a refundable tax credit. That would basically let people buy bonds instead of paying taxes.
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0 sats \ 6 replies \ @Satosora 7 May
Would that actually work? I would buy the bond and sell them right away, because they are worthless. Waiting for them to mature is a losing proposition.
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31 sats \ 5 replies \ @Cje95 7 May
If they used bonds you could not touch them. The kid could do whatever he wants once he/she hit 18 but not before.
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0 sats \ 4 replies \ @Satosora 7 May
hhhmm... that would be a lot of money they would have to cash in. Imagine the first set, might bankrupt america lol
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10 sats \ 3 replies \ @Cje95 7 May
Ehhh the US is issuing like 7 trillion in bonds this year alone so meh
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0 sats \ 2 replies \ @Satosora 7 May
7 trillion is just a drop in the ocean. lol
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10 sats \ 1 reply \ @Cje95 7 May
Correction I think its actually $9... from what I can recall its roughly 1/4 of the outstanding debt. A ton of it has come due along with higher interest rates they are having to issue more it was a wild thing to read about tbh
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0 sats \ 0 replies \ @Satosora 7 May
Spending has ballooned since 2020. Imagine how much better the USA would have been if we ignored the pandemic and just kept living our lives.
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