| Where is the money coming from to pay for the Stimulus Plan Congress just passed?

Where is the money coming from to pay for the Stimulus Plan Congress just passed?

amiokhuh asked:


Both Japan and China bought US Treasury Bonds/Notes in the past and financed our debt. Both countries need money due to sagging economies, so without them, where do we get a trillion dollars to pay for the spending Congress and the prez approved?

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Comments

6 Responses to “Where is the money coming from to pay for the Stimulus Plan Congress just passed?”

  1. Ac Dc on June 18th, 2009 3:41 am

    Print it, with nothing backing it.

  2. leavin#1 on June 26th, 2009 2:18 am

    China, Japan and you and your children and your savings.

  3. Shadow Knight on July 1st, 2009 8:00 am

    Both the Chinese and Japanese continue to buy Treasury bonds.
    Very little money will be “created” by the Treasury.

  4. ObamaBot THX-1138 on July 13th, 2009 7:11 am

    We borrow them like the other 10 trillion. The difference is when the economy recovers the temporary programs will be over, and we can gradually raise taxes to payoff the 10 trillion in Republican red ink. Just having a Democrats in office means that the people will see there is a rational man at the helm of fiscal policy, and soon we will start having surpluses again.

  5. semper_paratus_1776 on July 13th, 2009 4:58 pm

    Seems that without China and Japan loaning us the money, we will go to the printing presses and risk hyperinflation.

  6. Rayne Storm on July 14th, 2009 1:48 am

    If you work and pay taxes, look in the mirror…If you have kids, have them come sit in the mirror with you…Let them know that when they become adults their babies will be paying, too.

    If you are on welfare, you don’t have to worry about it…Welfare people are getting another raise from this so-called ’stimulus’ bill, in addition to the raises Pelosi just gave them a couple months ago.