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budget gimmicks

highway bill, capital account surplus, federal budget, government debt financing, omnibus, budget gimmicks
Money & Politics, News, The Fed & Central Banks

No Honor Among Thieves: Congress’s Inane Scheme to Rob the Fed

Jeffrey Rogers Hummel/December 22, 2015June 19, 2022

On December 3, Congress passed a new highway and transit bill allocating $305 billion over the next five years.  Part of the funding, allegedly $35.8 billion, will be taken from the Federal Reserve’s capital account.  Further details on the maneuvering between the Senate and House versions, and…

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Welcome to Alt-M, a community devoted to exploring and promoting ideas for an alternative monetary future. Our goal is to reveal the shortcomings of today’s centralized, bureaucratic, and discretionary monetary arrangements, and to bring serious consideration of real alternatives to the center stage of current monetary and financial reform debates.

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