Yikes…
President Obama’s economic stimulus plan has topped $920 billion after the Senate agreed Wednesday to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry.
The tax break adds $20 billion to the bill and was adopted without dissent. It came on a day in which Obama pushed back pointedly against Republican critics of the legislation even as he reached across party lines to consider scaling back spending.
My goodness gracious, the US is run by looney tunes. $920 billion, $920 billion is a LOT of money. Where does it come from?
Short long term bonds (a play on the cost of borrowing increasing) and buy gold (inflation).
