Tag Archives: Borrowing

I heard this morning that the Senate has the cost of the “stimulus” package up to $932 billion. That’s $68 billion short of borrowing a trillion dollars from the Chinese and the European Union and does not include the trillion dollars we already plan to borrow this year because our budget is a trillion dollars over revenue.

The stimulus plan represents $3,106.67 borrowed for every man, woman, and child living in the United States. That’s $7,456 dollars per household. Those amounts are just the principle owed, without any kind of interest applied. […] Continue reading →