Saturday, May 22, 2010

Holger Asks Why #30: Economic Madness




Holger Asks Why . . .




Why would the Federal Government of the United States of America borrow billions of dollars from Communist China (paying huge inflated interest on those loans) and turn around and loan that money to failing states like California and New York to pay their unemployment claims ...realizing that those states will NEVER be able to pay that money back?





32 States Borrow $37.8 Billion Total to Make Unemployment Payments; CA Tops List at $6.9 Billion; Bill to Extend Benefits Until DEC in Congress


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