It's all Paid for. Yeah Right.

 Biden's $2 TRILLION dollar (or is it $4 TRILLION?) Freebie and climate spending bill (super porkulus bill) squeaked past the house.  Democrats are saying "It won't hurt, it is all paid for".  Yeah right.  The bill authorizes the federal government to spend $2-$4 trillion dollars, which means handing out cash, or writing checks, or doing electronic funds transfers.  Right now, before the super Porkulus, federal taxes cover about 60% of federal expenses and federal borrowing covers the other 40%.  Adding $2-$4 TRILLION in federal spending will require either a solid federal tax hike (unlikely) or a lot more borrowing.   The Feds borrow money by printing and selling Treasury bonds,  T-bills, which are nearly the same as money.  Samuelson, author of the standard economics text when I was in college, called T-bills "near money".   There is a 5 day a week, 8 hours a day bond market.  Anyone can sell their T-bills for cash and get paid in two or three business days.  For the feds to borrow more, is the same as printing more dollar bills.  Inflationary that is.  So the Biden people's claim that "It's all paid for" is false, us taxpayers will have to cough up the money sooner or later.