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Chapter 48 Five Ten Billions

When talking about relaxation, Han Xuan did not dare to relax too much. After all, it was a dignified president of a country who came to borrow money, so it was impossible to lose much.

They are all their own "hard-for-hearted money". Even if they can get interest, Han Xuan always feels lost. To say something that seems exaggerated and ugly, even if they take it out to speculate on credit default swap bonds, they can make money with higher interest rates than treasury bonds.

The American style of being addicted to debt has been shown this morning. Not to mention other countries that have difficulty speaking of, even the white-collar workers on Wall Street have expressed distrust of Washington. Before buying bonds, they have to carefully consider the economic situation in the next few years.

Those economists who don’t know how much they are in their stomachs are even more slandering the US economy every year. In this era, if anyone doesn’t say a few bad words on the show, they will be regarded as “lack dogs” in the White House.

Han Xuan knew that the US economy would not have too many problems in the short term. Even if there were economic problems, at least the country still existed, and the possibility of not paying off this part of the debt was extremely low. At worst, you could sit at the White House or the gate of Congress to ask for debts. Even if the people in power had to have even a little face, they would not let such a shame happen.

The U.S. government shutdown refers to the inability to approve the budget appropriation case, which ultimately leads to no money to spend. Since Han Xuan was born, he has encountered similar things several times, and is no longer surprised. At this moment, he has been thinking about what benefits he can get after lending money to the authorities. It seems that Bush Jr. is really forced by Congress, otherwise he would not have come to borrow money from him no matter how he thinks.

As for why it was himself... Han Xuan was not surprised at all. Who else could easily take out such a large sum of money besides himself?

At the beginning of this year, the total fiscal budget submitted by the White House to Congress was as high as about 2 trillion US dollars. He knew about this.

It's just now May, so it's impossible to use it up so quickly. It must be that there was a conflict within Congress, which caused Bush Jr.'s neck to be stuck with budget expenses. This is a very embarrassing scandal for a president. His father, Bush Sr., had encountered it once and was shut down for five days.

In recent years, the White House has only overspended and left a fiscal deficit, and the annual expenditure will never be lower than the total annual budget. At that time, people thought that President Clinton had spent money well enough, but now they know that President Bush is even more powerful. Last year's fiscal deficit was as high as more than 500 billion US dollars, and a large part of it was used for military expenditure. Since he joined the White House, it has not been quiet any day, which has led to several major arms giants making enough money.

The power of budget allocation is in the hands of the US Congress. If Congress fails to pass the budget, it means that the White House cannot spend money, so many projects that require money cannot continue and employees' wages will be difficult to pay.

From 977 to 999, the federal government closed seventeen times, almost once a year on average, the shortest day and the longest twenty-one days. President Reagan encountered eight times in total. In the years after Han Xuan was born, the news of the shutdown was almost every year.

The last time the suspension was in 1999 when President Clinton served, and it closed twice from 995 to 1999, resulting in hundreds of thousands of employees being dismissed and unemployed. The main reason was that he rejected a Republican bill, which made him only get 75% of the budget quota for a month. In the end, he had no money and had to close the door. The "civil servants" did not count money during the holidays, and saved some of the funds in disguise, and finally completed the negotiations.

From this we can see that the White House is not the only one, and there are checks and balances of power everywhere. Seeing that the little boss was posing with his mouth at the moment, Secretary Dawson nodded decisively after reading it and hurriedly ran out.

At this time, the old executive Charlie had just walked into the office and was about to ask the boss. Seeing this, he expressed confusion and did not disturb Han Xuan. He poured himself a cup of coffee and sat on the chair. He was scared and picked up a newspaper...

In Han Xuan's opinion, this president is a good person, but he is not suitable to be a president, or he is not capable enough. He has not made much achievements in a few years except for provoking trouble. If Vice President Mr. Gore came to power, it might be a different situation now.

But then again, a president like this who "robs the poor and helps the rich" is so good to him. When he heard that the justice appointed by Bush Sr. was to judge the election results of Bush and Gore, he immediately called Bush, who was on the phone to express his congratulations. The reason behind it is intriguing.

He opened his mouth with a smile and asked, "What's wrong? I just came back from a trip to Africa, and there is no internet there, and there is no nearest newspaper. What happened?

The White House fiscal budget has always been approved by Congress and allocated funds. How could I buy national debts? I am a little confused now, Mr. President."

The old executive Charlie, not far away, did not treat himself as an outsider at all, and did not intend to eavesdrop on the content of the boss's conversation. However, Han Xuan spoke loudly. Thinking of what happened recently, he guessed something from this passage. The expression on his face instantly was extremely wonderful. When he looked at Han Xuan, his eyes were full of admiration. The person who could make the president call to "borrow money" was probably the only one in the world, and it had never happened in history.

A barrel of oil costs a few dollars, and personal income, corporate income, consumption, etc. are also subject to taxation. The annual fiscal revenue is actually quite large. Unfortunately, each session costs more and more money than the other session, which has led to the extreme of the US economy.

Even if you borrow money on behalf of the White House, you should have steps that should be taken, and it is one of them. When he was doing business, Bush had a lot of dealing with banks, and he had already done it casually and explained to Han Xuan over the phone: "Hey, don't mention it."

Because they could not agree on the end of peacekeeping, Congress rejected my budget appropriation proposal and issued a treasury bond once last month, but I negotiated with the Ministry of Finance that if they get another treasury bond income recently, they would have no reason to deny my proposal based on the shortage of funds.

Five hundred billion US dollars, which can almost fill the gap for a week, a year of short-term Treasury bonds, k?"

Han Xuan continued to ask: "Why not sell it directly to the public? Now investors like to buy treasury bonds."

"Because there is not enough time, you should know... bureaucrats." Bush Jr. said with helplessness: "If you confirm the purchase now, I can speed up the processing, and it will definitely be too late to go through the normal process."

"That's how it is."

Han Xuan suddenly thought of something he had been thinking about for a long time and continued: "In exchange, I hope to get detailed data and drawings about the space shuttle and moon landing that year. If Nasa doesn't give it to me, this is very important to me.

What you should know...the businessman..."
Chapter completed!
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