Time_Yam301 t1_itxp8xd wrote on October 27, 2022 at 1:42 AM

Reply to comment by Form684 in How can we incentivize real discussions around solutions to home affordability in CT? by otter_spud

$150K per unit assuming 5 million new housing units required per year, is $750 billion or 2.9% of the current GDP of $25.3 trillion.

I think that's a pretty insignificant allocation of the nation's capital to ensure our people have quality and adequate housing.

And that cost is accurate, but doesn't include land. Though, the government can simply reallocate that via eminent domain.

Form684 t1_itxqwpv wrote on October 27, 2022 at 1:55 AM

Unfortunately, GDP and the federal government budget are vastly different. The government brings in around 2-3 Trillion a year and spends about more or less. 750 Billion is about our military budget per year.

Time_Yam301 t1_ity4m4c wrote on October 27, 2022 at 3:50 AM

No, they aren't. The Congress of the most powerful nation in history is not a household. All United States Dollars in existence were created by Congress or by lending institutions granted the power to create United States Dollars as bank credit.

Why would Congress need to "bring in" numbers in a computer that it created?

Congress creates and allocates capital, which is the result of being granted the power "to coin Money, regulate the value thereof, and of foreign Coins".

This means only Congress has the power to create money, define the value however it sees fit, and establish exchange rates the same.

Congress has no need to tax in order to spend - see the Revolutionary War, Greenbacks of the Civil war, and so on and so on.