The federal reserve doesn't give out loans through omo's, if they do they do it through the discount window and that is typically on an overnight basis. Get over the "when money is put into circulation, we owe it back to the Reserve". No we don't. Stop with that. Who is teaching you this?
Also the more we spend, the more money is kept in circulation, the economy is liquid, and the government doesn't need to go about putting more money into circulation. You get problems when those with money stop spending and stop lending. Our entire economy is based on people spending their earnings, otherwise we might as well go ahead and use a VAT.
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