Comment from djcoomes

Excellent

You made your point quite well, both in the poem and the author's notes. It is scary. I have this image of Chinese Triad "Debt Collector's" coming to foreclose on our country. Who will bale us out?

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 Comment Written 10-Apr-2009

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reply by the author on 10-Apr-2009

China has a two-fold problem here. No. 1: They LOVE exporting to us. But, if our dollar is so devalued against their currency, it hurts them. No. 2: They own so many of our government bonds, when we print all this money and go into debt, that causes the value of their bonds to go down. The answer right now is to STOP the spending NOW! Then, negotiate our way out of it. However, the reason I wrote this, is that just last week, our Congress passed a $3.6 trillion budget. They just won't stop! The only answer for us now is for our government to take the long-term view for our safety instead of a short-term view for saving their asses in office. Thanks much for reading. I wish I could have a more positive spin on this! Sue