Posted on 02/15/2009 4:18:01 PM PST by The Duke
To Whom it May Concern in China, India, Saudi Arabia, and Elsewhere,
When they return from their hedonistic jaunts to Italy and elsewhere, America’s “leaders” will return to gorge themselves at a self-awarded political feeding frenzy. As is their tradition, the preferred source of funding will be the acquisition of debt which they intend to bequeath to their children, great grandchildren, and any other generations that may possibly follow.
Yet they will be faced with one final task before beginning the feast, which is to locate lendors who will purchase their treasury notes (aka “IOUs”).
There are but a few sources for the mud in which America’s political pigs desire to wallow, and you are those sources.
All of which leads to a question for you potential buyers of IOUs in China, India, Saudi Arabia and Elsewhere. That question is simply, “does it require less character and integrity to repudiate a debt of a trillion dollars than it does to ask for it in the first place?”
Here in the US we have a highly technical word for those who are too quick to part with their money based on the promises of others. We call them ’suckers’, and they are born every minute.
Yeah, it’s real, real easy to say, “Time go buy a new house, car, boat, etc.”
The rubber hits the road when you start to figure out how to pay for it.
I hope these other nations realize what a POS the US is trying to sell them. And then recoil in horror.
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