“Where do they propose we get the money?”
You betcha—hussein will simply print more and/or borrow more from China. Debt and deficit be damned.
More likely we'll borrow it out of thin air. That's been anywhere from forty to sixty percent of our borrowing in recent months.
freeangel wrote:
“Where do they propose we get the money?”
You betcha—hussein will simply print more and/or borrow more from China. Debt and deficit be damned.
The fed can call it whatever they want, "Quantitative easing," or "balance sheet expansion," or "Ben Bernanke pulling billions of dollars through his sphincter," but the result is the same. More dollars created out of nothing (not even printed these days, just digitized into someones account on the computer).
The reality is this is a tax on anyone holding dollars. Every dollar out there is worth less when a new dollar is created out of the void.