So before China switched to buyin' gold, they were buyin' USA T-bills, notes and bonds, right? They bought more than a few.
Steyn quotes The Weekly Standard: "New analysis by the Senate Budget Committee Republican staff finds that, under President Obama's proposed budget, interest payments on debt will exceed the defense budget in just 5 years...So, within a few years US debt interest payments would be covering the entire cost of the Chinese armed forces. If they ever have a military showdown over Taiwan, Washington will be funding both sides of it."
I wonder if the "math is hard" crowd will find this tidbit even the least bit worrisome...
Oh well, the American people knew what they were voting for and sooner or later will get what they deserve.
ReplyDeleteThey got it all ready: a 6ft jughead who thinks he's a genius. And it's a gift that just keeps on giving, and giv...and taking and taking. Just like Ontario's geniuses in the voting booth. 3 times they voted for a power-hungry, ethically-bankrupt serial liar and his gang of corrupt sheep. My only regret is that hydro bills are only going up 42 percent in the next 4 years. I wish they would double or triple. Maybe then it would drive the point into some thick heads that voting is a bit more serious a game than cheering for the Leafs.
DeleteAnd the Chinese aren't just squeezing 'bama's economic nuts. Practically all of the components for the USA's antibiotics are now made in China. Talk about being bent over a barrel. http://dailycaller.com/2014/02/17/report-americans-completely-reliant-on-china-for-antibiotics/
ReplyDelete