Rumsfeld Will Host Chinese Defense Minister in Pentagon Meeting (Military Exchanges)

Associated Press ^ | Oct 24, 2003 | Robert Burns

[GO65]

You raise some good points. I wish I knew the solution. I'd argue I suppose that the first defense would be to get our own fiscal house in order so that we don't have to rely on the Chinese to fund our debt. That means getting spending in line with revenue, and curtailing efforts to add new spending. Unfortunately the political climate in the U.S. doesn't currently allow for such a move on the federal level, though it is exactly the approach we've seen in many states (typically where mandated by law).