[Paul Ross]

Why should a lazy American with little marketable skills get paid more than a hard working Chinese?

Have no fear. Soon there will be no difference when...not if... the U.S. dollar collapses. We are coming to a confrontation with China which spells the end of their strategy of subsidizing the continued deficit-financed expansion of the Federal Government. The brou-haha over Iran could mean that we have an escalatory series of punitive sanctions which results in their rejecting our Treasury note offerings.

This typically runs close to $195 billion a year.

Once the dollar crashes...sans soft landing...your presumed 'lazy' U.S. workers...they will be lucky to get close to Chinese wages. Bannana Republic...here we come.

[Toddsterpatriot]

The brou-haha over Iran could mean that we have an escalatory series of punitive sanctions which results in their rejecting our Treasury note offerings.

This typically runs close to $195 billion a year.

You need to reread the article. They do not buy $195 billion in US Treasuries a year.