Zoomie1980
Senior Member
- Jan 16, 2008
- 1,658
- 128
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If the money is spent on improving American infrastructure and moving us toward energy independence, why not?
It's better than wasting billions in Iraq.
First off, we don't have it so we have to borrow it. Who is going to lend it us? Our main creditor, China, is now even more broke than we are, so where else are we going to get it?
We can pass all the spending we want to, but if no one lends us the money, we still won't be able to do it, any more than you could buy a house with no cash or mortgage in hand....
That's the GRIM reality no one in the media is talking about. We likely will NOT be able to even get the 850 billion to spend. Treasury offering 0% notes is not going to get any takers.....