Not exact matches
The fact is, many working families are already living on far
less than 70 % of their income when you take out non-discretionary
expenses like mortgage payments and the
feeding and care of children.
The interest that the
Fed earns on all of its debt securities —
less a relatively small amount to cover the
Fed's own operating
expenses — gets paid into the General Account of the US Treasury.
Even though it's an added
expense, it's still far
less than the cost and consequences of exclusive formula
feeding.