23 November 2007

You Owe China

There is a lot of crap being said about China these days. Most of it is about them refusing to allow the Navy to dock in HK, or their military build-up or their probs with the toys they make and on and on.....

Here is something to consider--China holds about $1 trillion dollars of US debt. The questions we all need to be asking is why? Why, cannot the richest country in the world not live within its means? What does that do for national security? Could they call in the debt? Will they?

These are questions that all Americans need to ask their reps in Washington. This, if it continues along these lines, will become a major prob for our children. But most Americans could care less about that. Their children are important now, but their future is none of the parents concern, is their feeling. Why cannot Americans look to the next generation? It is sad that they are so damn self-centered and shallow!

Here is another question, how can a country that owes that much money be considered a success? If it were an individual we would send them to debt counseling. Maybe that is something the next Congress should consider.

1 comment:

pete said...

Very true in your observations. Add to that that the US continues to send billion in aid to nations that are questionable allies with borrowed funds.
China may have to consider their loan as risky at best.