Where is Bush going to find 700 billion dollars to bail out the US banks?

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Other 10 Answers to Where is Bush going to find 700 billion dollars to bail out the US banks?

texasrosie	Posted Feb 5th, 2009 at 5:58PM our taxes, our savings,our ira,our moneymarket accounts Rated: +1Vote for this!
Samm199294	Posted Feb 5th, 2009 at 5:58PM Probably the usual way that leaders do that...put up the taxes so you have to pay more for food/elecricity/income tax...same the world over... Sammy Jo xx Rated: +1Vote for this!
ElLagarto	Posted Sep 27th, 2008 at 4:27PM Simple, the Chinese are good for it. They've already loaned us a trillion. (How the heck do you think we're paying for the war?) In fact, if the Chinese called in all the American paper they're holding, the country would be out of business by week's end. Rated: +1Vote for this!
Mrkool	Posted Feb 5th, 2009 at 5:58PM First, I doubt the $700 billion bailout is gonna be used all at once. As for where all the money is gonna come from, I assume much of it will be in the form of reduced government services and programs that tax dollars are normally allocated for. Basically a sharp limit or freeze on government spending. For how long? Who knows. Rated: +1Vote for this!
rusted	Posted Feb 5th, 2009 at 5:58PM The same place the US government gets any of its money, the US taxpayer! Rated: +1Vote for this!
Suebowcott	Posted Feb 5th, 2009 at 5:58PM Initially, he will print money. When these assets (mortgage backed securities) are sold he can pay it back. I want to know when you get a mortgage you must buy insurance. what happened to the insurance policy they all had to buy??? Rated: +1Vote for this!
Generika	Posted Feb 5th, 2009 at 5:58PM They will cut social services first and then up our taxes Rated: +1Vote for this!
EricS	Posted Feb 5th, 2009 at 5:58PM It will be taken from tax reserve initially. Then Fed reduced public funding (various places). From there it will not matter, as there will be a new topic of the day. Rated: +1Vote for this!
jonboy1943	Posted Feb 5th, 2009 at 5:58PM Since we owe China 40% of our total debt, get it from them so they will then go over 50% , thus , being the majority U.S.A. debt holder. But if we default, they would then own the country , foreclose on us & give us 30 days to move out (of the country !) Rated: +1Vote for this!
victory27177	Posted Feb 5th, 2009 at 5:58PM in your wallet, yur piggy bank,your kids college fund, in your retirement fund. Rated: +1Vote for this!

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