Dollar printing presses working overtime again
Again, I'm going to point out that this has nothing to do with cybersecurity and everything to do with a huge budget, that was not borrowed, nor earned, it was *printed*. Basically the treasury making new money up to the limit of inflation whilst at the same time faking the inflation figure.
They need to spend this money and it has to be spent on new things.
They expanded the US money supply by an insane number, they need to dump this 2 trillion into the US GDP in new areas. If they succeed in finding new areas to spend this money, they've increased their GDP and reduced their debt.
If they fail to find new areas, it drives up inflation, and drives down the US$. Inflation they're already tweaking to the limit (omitting property costs, energy, food etc. and adding in hedonics tricks), and the driving down of the US$ can be minimized if foreign buyers don't *know* you're printing US$ which is why I think they stopped issuing the M3 money supply number.
The people really paying for it are people who hold US$ or receive US$ in payment for goods, or have their pension funds in US$, or own property or assets priced in US$.
Another neat feature of this, suppose they doubled the US$ in circulation and handed that new money to a few Bush supporters. The US$ collapses to half it's value or less, but the Bush supporters are few in number and if they're ten times wealthier, they are still 5 times wealthier after the US$ has collapsed.
So printing a few extra trillion dollars, then pumping those into the company contracts of your friends is a great way to transfer wealth from middle class Americans to your friends. Oh and piss off a lot of foreigners who lent you money only to receive devalued US$ in return.