Liberals want us to sell out Taiwan so the ChiComs will forgive our debt. They’re bottom feeding scum.
At the rate we are borrowing money and spending it, China can get her way by using debt forgiveness as a weapon. Read some of the commentary from Chinese think tanks (which mirrors official viewpoints). They even did a White Paper (that was translated into English by the CIA) shortly after the Iraq War, which China projected starting in 2013 US deficit spending will impact US ability to finance military power. They did not even factor the Wall Street meltdown in its calculations. China is the first to observe the unsustainable deficit spending of the American people since the late 1990’s. Why do you think they opted for a huge national surplus? Rainy day fund?? Sort of, but more like using the pile of money to achieve strategic goals.
Read how Scotland became part of Britain after her financial fiasco in trying to create a passage from Caribbean to Pacific via Panama. Over 2/3 of Scotland’s wealth was invested in the venture which failed. Britain simply stepped in to cover the losses provided Scotland becomes part of Britain or else face the consequences of a national financial collapse. If China can forgive 1.1 trillion in debt or face national financial meltdown, giving up Taiwan may be the US only choice.
Wonder how the NYT would respond to a proposal to revive our economy by invading Cuba and seizing the island for ourselves?
Isn’t selling honor for money considered prostitution.
Let’s see, 1.14T of debt forgiveness would just about balance this year’s budget but would do nothing to reduce the 14T+ total Federal debt....sell out an ally in order to kick the debt can down the road for a little while longer. What a lying piece of used dog food. This will do nothing to cure our economic woes as it does not address the fundamental problem of our spending more than we take in. It does nothing to enhance our security as it emboldens China in that we can be bought...no ally is safe if the price is right.