Thursday 30 April 2009

Congress approves $3,400bn budget


Well actually just a budget resolution, which isn't binding. But still, that is an eyewatering number. Ka-ching.

3 comments:

Greg said...

How do they pay for that? Surely China is gonna own them by the time this is all over?

Dr Phil said...

Ya it will be interesting. They pay for part of it by printing money. Literally. The rest is domestic debt. Some more is higher taxes in future. And the rest is debt that foreigners buy. Inneresting times.

Greg said...

As long as it makes buying from Turntablelab affordable again, i'm all for it.