They did not receive COVID reimbursement money from most customers. All that COVID time we were forced to take during the summer was a financial loss for the company. It’s still a puzzle to me why customers aren’t reimbursing us just a little.
By customers I assume you mean DCSA, DHS/CPB, et al. Yeah, this would seems like a good thing. These government agencies should show a little love to their hardworking BI contractors. The money is already budgeted (set aside) for these agencies and they won’t be returning any of it.
Furthermore, it’s not a zero sum game. The U.S. government is now funded on debt. Taxation is now pretty much irrelevant in our monetarist economy.
The U.S. government now spends more than double what it gets through taxation. Federal money comes from writing debt and monetizing the value of the global reserve currency which the Fed controls. They can simply siphon off the value of every dollar in existence… presto magico… with monetarist
sleight-of-hand policy. It’s literally conjuring up money in a sense.
Btw, for those interested in how this new economy works here’s where to start:
While the outright U.S. debt is closing in on $28 trillion according to the debt clock (https://www.usdebtclock.org/), according to Boston University economist, Laurence Kotlikoff, the total U.S. government debt (i.e., debt and obligations) was $222 trillion in a 2012 assessment. (Economist Laurence Kotlikoff: U.S. $222 Trillion in Debt | RealClearPolicy)