List of 160+ CEOs Who Favor Additional Debt-Funded Transfer Payments To “Stimulate” The U.S. Economy
The fiscal deficit will be stimulated to new heights once the $1.9 trillion debt package is passed by Congress. Speculative securities, SPAC deal flow, general fraud and moral hazard will also be stimulated along with housing and automobile prices. This debt package will do nothing to create sustainable employment nor sustainable GDP growth. Rather, the growing mountain of fiscal debt will act as a wet blanket to long-term GDP growth. These transfer payments are not going away as they carry far too much political currency with voters. Universal Basic Income (“UBI”) is here to stay. Here is the CEO list courtesy of “Partnership for New York City”.