Is it a fact that the stimulus money was borrowed from China?
The Federal Government is in the business of running on borrowed money. The primary way the Government borrows money is by issuing bonds. Two or three times a week, the Government holds a bond auction; each time, they need to raise a certain amount of money; I’ll call this $XXX. Bidders offer a certain amount of money in exchange for a certain interest rate. Their bids are sorted by the amount of interest they demand. Starting with the least expensive bid, the Treasury goes down the list, until they find enough bidders to raise $XXX. Whatever that bid was, all the winners get it; most of the time, this means that most of the bidders get a better deal than they had bid for. Now, the Treasury didn’t separate the stimulus package money from the Iraq War money or the Medicare money. They just held auctions knowing how much money they needed to raise to keep the g
