The first bailout amounted to $2.3 trillion. This included $300 billion in stimulus checks, $377 billion to small business (big corps took a lot of that), $389 billion to state and local government, 100 billion to hospitals and $454 billion went to a slush fund administered by Treasury secretary Mnuchin, former Goldman Sachs banker and the “Foreclosure King” in 2008. This slush fund is unspent and reserved for corporations.; this fund is projected to grow to a value of over $4 trillion.
The Federal Reserve is used as a slush fund for Wall Street
The Federal Reserve bank has trillions of dollars of our money. Instead of working for the people, they have approved unlimited asset purchases, or “infinity” spending, to bail out the banks and Wall Street. Federal Reserve Chair Jerome Powell said the Fed is not going to run out of ammunition to keep stock prices high. Every week, they use millions to buy stocks in private companies. While we sink into debt, the rich are on their yachts, making champagne toasts to new heights reached by Wall Street.
Welfare for war profiteers, nothing for those of us who do the real work
The Pentagon budget with all its offshoots is over $1 trillion a year. This money comes from looting the taxpayers and using 65% of the federal budget. It goes in the hands of business owners who profit from endless war and never-ending bombs, jets, nuclear aircraft carriers, and more. This is why the U.S. keeps 800 bases and last year created a Space Force division in order to bring war to outer space, which is against international law.
Federal officials like to say there isn’t enough money to support workers through a lockdown. But we know that’s a lie. We have to demand they use the budget for the people instead of using it to terrorize the world and make arms dealers richer.
U.S. Billionaires Have Gained $1 Trillion Since Pandemic Started
No war!
Make vaccines, not bombs!
Money for the people, not war profiteers!