However, a budget deficit that takes the form of transfer payments to banks, as in the case of the post-September 2008 bank bailout, the Federal Reserve's $ 2 trillion in cash - for - trash financial swaps and the $ 700 billion QE2 credit creation by the Federal Reserve to lend to banks at 0.25 % interest in 2011, has a
different effect from deficits that reflect
social spending programs, Social Security and Medicare, public infrastructure investment or the purchase of other goods and ser
social spending
programs,
Social Security and Medicare, public infrastructure investment or the purchase of other goods and ser
Social Security and Medicare, public infrastructure investment or the purchase of other goods and services.