They're paid back by paying them back the next, week or month as the repo loans are set with firm short-term dates, mostly overnighters. If they're not paid back, they seize the high quality collateral assets like treasuries / mortgage-backed securities that the banks put down. That doesn't translate whatsoever into paying off / forgiving debt, which is a straight expenditure. Likewise, when Trump announced today that he's waiving interest for federally held student loans during the Coronavirus crisis, that's a net expenditure by the feds- but only the interest, so nowhere even close to the value of the loans, especially since student loans are already low interest

The federal spending is going to be a hot mess this year.

The 1.5 Tril spending is probably the best option we have, but the consequences of it wont be pleasant. It could really undo the gains of the past three years. And if the bottom drops out there will be less QE left to save us.

Eh, they can also print more money. Problem is anyone that’s a saver or has saved, rich or poor, is going to see their dollar savings eroded. At the rate we’re going stagflation is on the horizon.

they should buy out my student loan debt and then they can seize the diploma I don't use.

i though the free market was supposed to be so efficient at allocating these things by itself and this is literally communism?

Free market is about resembling a voluntary transaction as best as possible. The moral hazards of a pandemic are so large that almost any amount spent would resemble a voluntary transaction here.

God you're good at making word salad

would keep like 2-3mil and send the rest back tbh

itt a lot of people who think a loan and a gift are the same thing lol. wtf read a book lads.