Was starting to write about Bingo on Sunday night, but I just heard on the news that Obama is going to sign the Economic Stimulus plan today.
787,000,000,000. So where is the money coming from? Who is loaning us the money, because if we are in a deficit, that means that we are already in the hole, so there is no money in the bank and we are BORROWING it from somewhere or something. Or we are simply printing it, making the money we already have lower in value?
Hello China!
What is the interest they are charging us?
When is the first payment due?
What did we put up for collateral?
I really don’t think this is a good idea. But nobody asked me what I though about it.
Bub thinks I am being a bit of a foo. ” what do you mean nobody asked you, since do you wait for somebody to ask your opinion?”
True that.
I believe that we are in a depression and that the economy will be low and slow through the summer and into next year. By that time, folks will have adjusted their spending habits and the retail sector will have adjusted as well. The idea of getting out of this by spending on stuff is the thing that got us into this mess.
Excess leads to consequences.
