"China Calling For US Fiscal Responsibility"

Discussion in 'Politics' started by Brn2bfree, Apr 2, 2009.

  1. Brn2bfree
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    Brn2bfree Member

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    http://mothanskin.blog-city.com/china_calling_for_us_fiscal_responsibility.htm

    "China Calling For US Fiscal Responsibility"


    China is openly expressing concern about the lack of fiscal responsibility during times of recession demonstrated by the Obama Administration. China is the number one holder of US debt and is rightly concerned about the massive spending and inflationary monetary policies of the Obama Administration.

    The question is will China or any other nation continue to fund and prop up the American economy? If China would right now demand the US honor the Treasury IOUs it now holds, the US would be bankrupt. The Bush Administration, instead of raising taxes to fund the the wars in Iraq and Afghanistan, has borrowed from China and other nations. Now the Obama Administration is expecting China to finance the government subsidized universal health care program and the massive expansion of other government entitlement programs, along with maintaining troops in Iraq and expanding the war in Afghanistan. China in essence is telling the Obama Administration "we are not stupid President Obama. Nothing personal, this is business". I pray to God that fiscal responsible Congressman from both parties will resist the massive deficit spending, inflationary monetary policies and unwise tax increases of the Obama Administration. President Obama's socialist agenda can wait until after America climbs out of this recession first, in my opinion. I bet you China thinks so too!

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    China telling Obama to show more Fiscal Responsibility.

    Isn't this telling us that our 'Punch drunk president is spending like a drunken Democrat? He is the most irresponsible, incompetent president in history.

    For crying out loud, even the Chinese are telling us we're getting too carried away with this socialism.
     
  2. Article 15
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    Article 15 Dr. House slayer

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    Please link your source.
     
  3. auditor0007
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    auditor0007 Gold Member

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    Don't think he can yet.
     
  4. Article 15
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    Article 15 Dr. House slayer

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    lol ... duh
     
  5. WorldAHope
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    WorldAHope Ready to Rock n' Roll

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    You forgot to mention that Obama is an Islamofascist terrorist supporting Muslim praising BLACK
    Panther racist christian baptist gay marriage licking tax spending liberal fascist nazi communist varmint and a low down cattle rustler.
    Did I miss BLACK ?
    Now the anti American Freepers have Communist China to help and guide them.
     
  6. Xenophon
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    Xenophon Gone and forgotten

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    Ha hah, even China is critical of POTUS free spend!
     
  7. Gunny
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    Gunny Gold Member

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    China can go fuck itself.

    At the same time, China is correct. Irresponsible consumer spending and irresponsible lending is what has put our economy where it is.

    Yet here is our fearless leader, exhibiting the same irresponsible behavior at the national/international level. At least in this regard, our government DOES represent "the people."
     
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  8. Gunny
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    Gunny Gold Member

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    If all you have to sling are baseless insults, feel free to find the Flame Zone. In your case, I'd say Conspiracy Theories might work as well.

    Either way, knock off this bull in the upper portion of the board.
     
  9. Gunny
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    Gunny Gold Member

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    And rightly so. Think China will vote the US a bailout?:eusa_eh:
     
  10. auditor0007
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    auditor0007 Gold Member

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    The amount of money we are borrowing is unsustainable. It's a simple fact, even with a government that can continue to print as much money as it wants. Eventually, it will just be worth nothing.

    When people borrow money for, say a house, they then pay back the money they borrowed, and once the money is paid back, they have actually accumulated an asset. The government, on the other hand, borrows money so it can go out to eat at nice restaurants. They spend the borrowed money and have nothing to show in return because it all get's shit out the other end. Then their answer is to borrow more to help pay the interest on the amount first borrowed, creating even more debt.

    It's like the individual who loses his/her job. At first they live off of their first credit card. When that gets maxed out, they then borrow from a second to help pay the debt on the first while also borrowing more to live off of. When that one is maxed out, they borrow from a third. They keep borrowing from Peter to pay Paul, and then from Mary to pay Peter and Paul. Eventually there is no one left to borrow from and they are fucked. That's pretty much us folks. We are fucked.
     
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