In other words, when the Federal Government borrows a dollar, it borrows it from that same capital market that would otherwise be available to loan to consumers to make consumer purchasers, to businesses to expand jobs.
Tom McClintock: “In other words, when the Federal Government borrows a dollar, it borrows it from that same capital market that would…”
On the recordFebruary 1, 2017
Source
congress.govEditor's note · Context
McClintock explains how federal borrowing impacts private sector borrowing and economic growth.
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