On Fri, 13 Nov 2009 09:38:04 -0500, NowNow wrote:

In article ,
says...

"The administration wants to keep some of the unspent funds available
for emergencies, but is considering setting aside a chunk for debt
reduction, according to people familiar with the matter. It is also
expected to lower the projected long-term cost of the program -- the
amount it expects to lose -- to as little as $200 billion from $341
billion estimated in August."

http://online.wsj.com/article/SB125799009185344567.html

So let me see if I got this right. The Administration wants to use
borrowed money which created increased debt to pay down the overall
debt incurred by increased spending.

Son-of-a-gun. That must mean that your average citizen should be able
to decrease his/her overall debt by borrowing more money to pay down
that debt.

Huh - how about that.

Uh, speculators have been doing such forever. It can actually be quite
cost affective to borrow money at a much lower rate to pay off debt with
a higher rate of interest.

Well, that explains it. Good mind, Loogy.
--

John H

"Socialism is a philosophy of failure, the creed of ignorance, and the
gospel of envy, its inherent virtue is the equal sharing of misery."

Churchill