Posted on 09/05/2009 4:00:25 PM PDT by John Semmens
As owners of a major portion of the United States’ national debt, the government of China has exercised its option to foreclose on the White House. The foreclosure is scheduled for September 20th. This shocking turn of events follows from the extraordinary explosion of debt since the start of this year.
“Look, title to the White House, per se, is largely symbolic,” said US Treasury Secretary Tim Geithner. “We have received no indication that the President and his family will necessarily be evicted. But even if they are there are still many who will take them in. After all, the President can do a lot of favors for those who help him out.”
Geithner insisted that “there is a silver lining to this. China’s purchase of US Treasury bonds has enabled us to fund the stimulus package. Without this the President’s reelection would be far less certain.”
With the projected federal deficit expected to grow by $9 billion over the next decade, Geithner said “deeds to other landmarks may be thrown into the mix in order to keep Chinese cash flowing to us.”
(Excerpt) Read more at azconserv1.wordpress.com ...
I thought they had done that long ago.
;)
Is this why Obama wants to raise the China Flag over teh Whitehouse when they visit?
http://www.wnd.com/index.php?fa=PAGE.view&pageId=108907
Tell them we’ll give them the whole Democratic Party for $1 Trillion. Make that $1 Billion. Make that $1 million. Crap, just forget it!
September 20th, the day Obummer will admit that he wasn’t born in America, and hence, how can he be president, or be responsible for this mess...
They have an eerie sense of timing with September 20th, because this month there have been cautions that about mid-month, all heck is going to break loose on the financial markets, and in the banks.
The last week in September could be a nightmare, with a bank holiday, collapsing pension funds, massive numbers of foreclosures, dozens or even hundreds of banks closing, etc. It is the end of the fiscal year, and a whole new slew of government rules and regulations come into effect on October 1st.
Yes John, and the budget will be Obama’s
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