Thursday, March 6, 2014

ANOTHER GREAT ARTICLE BY MARK STEYN

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...

3 comments:

  1. Oh well, the American people knew what they were voting for and sooner or later will get what they deserve.

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    1. They 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.

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  2. And 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/

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