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China Worried About Thier Investment In US

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I’m no alarmist, but I challenge any reasonable American to read the snippet below from the Associated Press that was released this afternoon.

“Premier Wen Jiabao’s message is unlikely to be misunderstood at the White House. It is counting on Beijing to help pay for its stimulus package by buying U.S. bonds. China already is Washington’s biggest foreign creditor, with an estimated $1 trillion in U.S. government debt. A weaker dollar would erode the value of those assets. (America used to be the country that would lend money to other countries. Now we are the borrower. Think about it for a bit, we are broke and we are trying to borrow our way out of debt.)

“Of course we are concerned about the safety of our assets. To be honest, I’m a little bit worried,” Wen said at a news conference Friday after the closing of China’s annual legislative session. “I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets.” (What happens if China decides to cash in their Treasury Bills?)

The appeal suggested the outlines of Chinese President Hu Jintao’s stance when he meets with President Barack Obama at an April 2 summit in London of the Group of 20 major economies on possible remedies for the global crisis.” (Who will be in the position of power? Certainly not President Obama)

As a common sense American, do you think borrowing our way out of debt will work? Is all of the spending outlined by Democrats “absolutely” required to get the economy rolling again? Share your thoughts with our visitors.

March 13, 2009 |

Fat Cat Leadership and Your Tax Dollars

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Sitting here watching the news and it looks like everyone is lining up for a bailout with taxpayer money.

We have school boards that misappropriate millions of dollars in school budgets, auto makers who cannot forecast properly the types of vehicles Americans would purchase, and now we have states who cannot balance their budgets and looking for tax payer money.

America is going bankrupt under the leadership of overpaid fat cats who don’t seem to have any wisdom or common sense. The bottom line for most financial issues that plague national, state, and local economies is to cut spending. Nearly every small business owner understands this. You can’t spend more money than you take in.

What are your thoughts? Are overpaid fat cats killing America? What do you think the future of America is with our inability to reduce national debt, state debt, and local debt?

Wondering what the national debt looks like these days: National Debt Clock

Fact: China holds more than $502 billion in U.S. treasuries. – How scary is that?

Where has sound leadership gone? What would our founding fathers think or say if they could see the state of our national economy?

Share your thoughts with our visitors.

January 4, 2009 |
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