Bloomberg, July 21, 2010 Host Margaret Brennan
http://www.washingtonpost.com/wp-dyn/content/video/2010/07/21/VI2010072103171.html
“Every year, the states receive hundreds of billions of dollars in payments from the federal government—in Medicaid, in highway spending, in housing, in community development and a score of other programs…. So the idea is very simple: give an advance to states. Let them elect to borrow from the Treasury…. As we come out of the Recession, as the states are in better shape, the Treasury can simply deduct the amount from the funds that would otherwise be going to the state. So it’s a guaranteed repayment, plus interest.”