Where is the USA getting the $$ for the stimulus package?

[Miramonti]

Make no mistake about it...this 'bailout' is mainly financed by China.

Those who think they have stopped buying our debt are naive, their govt. is just as dependent on our recovery as we are. If you listen to the G-7 leaders, they have praised China for how they have handled this crisis (ie buying our debt and others.) Clinton is in asia to visit China, and Paulson visited late last year atleast once. And its wasn't to talk about human rights.

 

[RichardE]

Originally posted by: jjsole
Make no mistake about it...this 'bailout' is mainly financed by China.

Those who think they have stopped buying our debt are naive, their govt. is just as dependent on our recovery as we are. If you listen to the G-7 leaders, they have praised China for how they have handled this crisis (ie buying our debt and others.) Clinton is in asia to visit China, and Paulson visited late last year atleast once. And its wasn't to talk about human rights.

I said in another post, the beauty of this system (world-wide financial system) is as long as no one challenges it, it will work pretty much indefinably, since if anyone challenges it, they will also be hurt severely. China can't call the US on its massive debt without destroying its own economy, which in turn will cascade around. You even see Putin being much softer towards the US and almost a sense of world wide group effort, where last depression we saw instant protectionist and blame game going around. The system is beautifully crafted now and intertwined that no matter what happens it will never get really *bad*. A few corrections here and there, but the world will just keep chugging along.

 

[heyheybooboo]

Originally posted by: Genx87

Originally posted by: heyheybooboo
Around $300 billion is tax breaks ...

The Social Security surplus over the next 2 fiscal years is around $618 billion and will cover the rest ...

That surplus was spent decades ago.

Uhhh, no. That would be incorrect. Over the next 5 years it will exceed $1.7+ trillion.


Got any more ass-facts ?

 

[Miramonti]

Originally posted by: RichardE

Originally posted by: jjsole
Make no mistake about it...this 'bailout' is mainly financed by China.

Those who think they have stopped buying our debt are naive, their govt. is just as dependent on our recovery as we are. If you listen to the G-7 leaders, they have praised China for how they have handled this crisis (ie buying our debt and others.) Clinton is in asia to visit China, and Paulson visited late last year atleast once. And its wasn't to talk about human rights.

I said in another post, the beauty of this system (world-wide financial system) is as long as no one challenges it, it will work pretty much indefinably, since if anyone challenges it, they will also be hurt severely. China can't call the US on its massive debt without destroying its own economy, which in turn will cascade around. You even see Putin being much softer towards the US and almost a sense of world wide group effort, where last depression we saw instant protectionist and blame game going around. The system is beautifully crafted now and intertwined that no matter what happens it will never get really *bad*. A few corrections here and there, but the world will just keep chugging along.

The stakes are perhaps even greater for China and Russia, who's governments may not be able to withstand mass unemployment throughout their countries. The best way to keep the people happy and the government in power is for people to have jobs and working.

It will be interesting to see what happens. I'm not a doomsayer, but selling begets sellers, and the further the market goes down, the more people will need to liquidate. Except now, since major institutions and governments are in a crisis, there could be a lot more liquidating because of the need for cash. And then, if I'm not mistaken, there's another shoe waiting to fall on the commercial real estate market as well...

 

[zephyrprime]

Originally posted by: RichardE

I said in another post, the beauty of this system (world-wide financial system) is as long as no one challenges it, it will work pretty much indefinably, since if anyone challenges it, they will also be hurt severely. China can't call the US on its massive debt without destroying its own economy, which in turn will cascade around. You even see Putin being much softer towards the US and almost a sense of world wide group effort, where last depression we saw instant protectionist and blame game going around. The system is beautifully crafted now and intertwined that no matter what happens it will never get really *bad*. A few corrections here and there, but the world will just keep chugging along.

It will not work indefinitely even without anyone challenging it because the debt load as a percentage of gdp increases overtime under the current system. Eventually, the economy will collapse under the debt load. Oh wait, that's exactly what's happening right now.