Borrow from who?
“Borrow from who?”
The Chinese.
Currently it is The Fed that is buying treasury t-bills. (With printed money...”monetizing the debt”...the printer goes “brrrrrrrrrr”!!)
Remember when Bernanke said the Fed wouldn’t monetize the debt?
https://www.c-span.org/video/?c4546512/user-clip-bernanke-debt-monetization
“Borrow from who?”
Well, the Federal Reserve, naturally. Just a matter of speeding up the printing presses.
“ Borrow from who?”
First, I think that should be “whom”.
Second, the answer is the demand for US debt is so strong our currency is up and interest rates are almost zero. I hate debt, but not debt at no interest. Besides, some interesting things have been quietly happening with retiring old debt with higher rates.
“Borrow from who?”
they’ll money launder it like they did with TARP. They’ll buy parking lots for a billion dollars.