Friday, March 13, 2009

China wonders if we'll pay them back

You all knew this was coming.
It is bad to owe money to the Chinese. It is even worse to go into default with them. They will cut off our line of credit if they do not think that they will be paid back. They might decide to do so anyway if Sino-American relations break down. Either we make some painful spending cuts soon, or we'll have to make excruciating spending cuts later. If the stock market continues to go up, Obama cannot use the economy as a pretext for more spending.

2 comments:

milton f said...

I don't know about you, but I don't owe money to the Chinese. The Federal reserve probably owes money to the Chinese (probably? UGH!) Those slugs we elected to represent us owe money to the Chinese. Let them figure out how to pay them back!

Oh, and pity the poor Chinese-who are about to be ripped off!

tim zank said...

Spending CUTS??

You're kidding right?

This isn't gonna stop for 4 years, maybe eight if The Messiah keeps passin' out dough to mo' po' folks.

And if he manages to somehow "naturalize" another gazillion illegals, he's assured 8 years to spend spend spend...

Search This Blog

Alfie Evans

1. When a doctor says A and a parent says B, I tend to go with what the doctor says. Usually the doctors are right. After reviewing Alfie...

Blog Archive

Labels


Brgd. General Anthony Wayne US Continental Army

Sitemeter




My blog is worth $11,855.34.
How much is your blog worth?

Followers

About Commenting

Keep it clean and relevant to the post. If you have a question that isn't related to a recent post, email me at enders.robert@gmail.com . You can also email me if you want to make an anonymous comment.

DISCLAIMER

Per the by-laws of the Libertarian Party of Allen County, the Chair is the official spokesperson of LPAC in all public and media matters.

Posts and contributions expressed on this forum, while being libertarian in thought and intent, no official statement of LPAC should be derived or assumed unless specifically stated as such from the Chair, or another Officer of the Party acting in his or her place, and such statements are always subject to review.