Oh, Lordy. The United States is like a $100,000 house with a $200,000 mortgage...and now its taking another cash advance.
An entire nation....spending money like a drunken sailor....
US: Can we borrow more money please [to Japan and China]
Japan & China: What's it for this time..who are you bailing out now?
US: Nobody, we want this money just to spend it.
NEWS ALERT
from The Wall Street Journal
Dec. 18, 2008
Obama's economic team is crafting a stimulus package to send to Congress of $675 billion to $775 billion over two years, according to transition officials. The transition team has conveyed the figures to Capitol Hill, where the package is likely to grow as it works its way through the House and Senate. Obama aides hope to keep the package below the trillion-dollar mark, as they fear being accused of adding too much to the country's long-term budget deficit.
An entire nation....spending money like a drunken sailor....
US: Can we borrow more money please [to Japan and China]
Japan & China: What's it for this time..who are you bailing out now?
US: Nobody, we want this money just to spend it.
NEWS ALERT
from The Wall Street Journal
Dec. 18, 2008
Obama's economic team is crafting a stimulus package to send to Congress of $675 billion to $775 billion over two years, according to transition officials. The transition team has conveyed the figures to Capitol Hill, where the package is likely to grow as it works its way through the House and Senate. Obama aides hope to keep the package below the trillion-dollar mark, as they fear being accused of adding too much to the country's long-term budget deficit.