With all eyes focused on how the Pelosi-Reid-Obama “stimulus” plan spends money, there’s been less attention paid to where government will get the money -- and with what consequences. It must come out of someone’s pocket. The decision by “stimulus” sponsors? Borrow the money, mostly from foreign economies. America already borrows heavily from other countries -- especially the Chinese. But we should remember that whoever pays the piper gets to call the tune. * * * Those who have maxed out their credit cards know that it worsens your credit rating, generating higher interest rates or even a total cutoff....
http://www.humanevents.com/article.php?id=30668
Originally Posted by Matthieu
