Yeah, genuine austerity where you actually cared about deficits and debt would trigger massive rate cuts. Instead we're cutting a few billion dollars from expenses and a few trillion dollars from revenue, so it's really just an extremely sloppy and cruel stimulus exclusively for the richest people in the country.
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u/DPMKIV 1d ago
It's called a FED bailout...
It theoretically should ease the free fall to prevent an all-out crash.