When things happen, they sometimes leave a smear on the windshield of the car of life. I'm here to help investigate what that smear is, and if possible, to take a sample to catalog it for future study. Until we get the results from this analysis, we'll need to postpone final judgment.
Ques: How will the US pay for 'economic stimulus package'?Ans: The US Treasury will write a check for the debt.Ques: How will the US Treasury finance the check?Ans: The US Treasruy will borrow the money.Ques: Where will the US Treasury get the money?Ans: The US Treasury will sell "paper" at the debt window. [think of your neighborhood checking-cashing facility! yay!]Ques: Who will buy the "paper"?Ans: Foreign Central banks interested in US debt (ie China, Saudia Arabia, etc.)Ques: What will be the interest rate on the loan and what will be the term?Ans: The rate and term of the loan will be negotiated.
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