Monday, September 22, 2008

Money | $0.7T Bailout | US Treasury

Here's a one-page summary of how $0.7T of new US debt will be used. Paulson was asked what if it doesn't work? He responded it must work. More than a little unsettling. I'm thinking that we're looking at a whole new economy down the road. Prudent spending by individuals, businesses and government - if that's where we land - will resonate through the global economy like an 8.0. Cheers!