Originally Posted by Maruzo

One point on the government printing money:

Government borrows the 3 trillion that the Congress is thinking of pumping into the economy. Treasury bonds are issued to the genenral public and foreign investors. These people buy up the bonds and the government pays interest and eventually the principals in 5, 10 years.

So in the short term we do not have to face the consequence of borrowing such a huge amount of money to stimulate the sagging economy.

But eventually we will have to payoff this huge debt, or the future generation
will have to.

All the financial experts and economists agree that this short term borrowing is a must.

We need to make sure our economy is still there for us to save.