Lifestyle > Train of Thought

China & Japan Finance US Deficit.

(1/2) > >>

Ant:
A quick explanation of why deficits are bad.  If you go to the below link you will see that China & Japan have been funding GWB's deficit for the past 4 years by buying US debt. 

In fact, 70% of the 2003 deficit (approx 400 billion) was financed by foreign countries.  If you watch over the past few months you will see Japan and China have continued to buy more and more US debt.  See the links:

http://www.house.gov/tanner/foreignholdings.htm

http://www.treas.gov/tic/mfh.txt

Current republicans think cutting taxes is a good thing.  They also think the war in Iraq is a good thing.  The concept that leaves me baffled is why the same group that wants the war also doesn't support fully funding the war.  Instead they 'outsource' the funding to Asia. 

Today, China and Japan combined own about $1 trillion worth of U.S. Debt and every month the U.S. makes interest payments to China & Japan. 

The moral here is simple:  Foreign countries are actually profiting from GWB's disasterous 1st term, while the US continues to suffer.     

Woodrow:
So why do you think we have a deficit?

Does 9/11 have anything to do with it?

Do you think the money spent on the war would erase the deficit?

Do you think the government can spend your money better than you can?

Woodrow:
Ant, to tell you the truth, I don't really care what you think....

I'm drunk, and thought it'd be funny to waste 15 to 20 mins of your time having you write up your views...

Immature? Yes...

Do I care? No...

Woodrow:
Ant 12:20:49 AM Posting in China & Japan Finance US Deficit....

Woodrow:
Ant  12:57:48 AM Posting in China & Japan Finance US Deficit. .

Navigation

[0] Message Index

[#] Next page