The Trump administration will undoubtedly appeal, possibly all the way to the Supreme Court. But for now, millions of people across the country will not have to make hard choices about how to feed themselves and their families. Several states that had already declared emergencies to tackle the impending crisis will have at least some temporary relief.
That wouldn’t do anything at all. The government simply spends money into existence. If the judge tells them to pay SNAP, then they magic the money into existence.
The federal government cannot run out of money, it can only increase inflation.
No that just opens opportunity for more delay by saying “the right thing”. At that point MAGAts can say they cant spend money Congress hasn’t allocated, and is blocked on the shutdown.
In this case the executive does have a certain amount of money already allocated by Congress that they can spend to support critical government functions. Part of that was explicitly allocated to fund SNAP in case of a shutdown. But they’re also making choices like spending billions on ice and border patrol to terrorize dark skinned people and to suppress voting. Are those really critical government functions? Should they really be higher priority than keeping citizens from starving?
Thats….not how any of this works.
That is how fiat currency works.
Ok, who are the “them” and “they” in this scenario? And how do “they” relate to the Federal Reserve?
I mean it’s someone’s job to approve and allocate the funds month to month. I doubt they’re getting payed right now, though…
So then it’s not “how fiat currency works”.
The Treasury (they) creates Treasury Bills and gives them to the Federal Reserve to sell on the open market. The proceeds of these sales are deposit in government accounts to be spent according to appropriations created by Congress.
This guy gets it.
How’s it work then?