FOR THE ONE MILLIONTH TIME: The amount of money we owe to China or for that matter, to ALL foreign governments COMBINED is INSIGNIFICANT compared to the amount of money we owe to OURSELVES.
Yes, I am screaming[!!!] because BI and all the other dumbasses of the world seem to think that closing the money spigot from China, or Japan, or the UK is going to stop (or even slow down) our irresponsible profligacy.
No it is NOT.
Beijing is not being ransomed. Our parents' and our own retirement and our children's, and grandchildren's and great-grandchildren's futures are what is being ransomed. That debt is literally orders of magnitudes greater than the piddling bit we own to the Chinese.
Got that? Have you stupid, stupid, morons at Business Insider finally got that?!
Dumbasses.
FOR THE ONE MILLIONTH TIME: The amount of money we owe to China or for that matter, to ALL foreign governments COMBINED is INSIGNIFICANT compared to the amount of money we owe to OURSELVES.
I don’t understand what you mean by “owe it to ourselves”. We owe the money to a private for profit cartel. The US based branch is called the Federal Reserve. “Ourselves” are broke and in debt to this cartel forever, as it cannot be paid off.
“Beijing is not being ransomed. Our parents’ and our own retirement and our children’s, and grandchildren’s and great-grandchildren’s futures are what is being ransomed. That debt is literally orders of magnitudes greater than the piddling bit we own to the Chinese.”
Does it change the result predicted by the article? That either government programs would be cut or taxes raised?