Prolonging a Recession for Dummies: Tax Less, Spend More, Print More

Yep, the deal which has been worked out appears to really be the worst of both worlds for the national debt:  lower taxes without lower spending and higher spending without higher taxes.  The bill is a “$900 billion proposal to extend tax cuts and unemployment insurance.”  I certainly don’t want higher taxes, but uh…does anyone in DC realize that getting less and spending more will not make the debt smaller?

Meanwhile, the Fed keeps printing:

Originally posted here.

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