Thought this was neat.
Keep buying those smart phones, people.
Keep buying those smart phones, people.
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This guy on youtube summed that up pretty well.
This is so factually wrong it is not even. I will challenge anyone to actually prove this. First of all, China does not "own most of [our] debt". Our debt nominally is just over 13 trillion. China owns just over 800 BILLION of that debt. Nice try to their. They are our largest foreign creditors, but our largest creditor in actuality is ourselves, almost half that debt is owed to FED, which is a non profit institution meaning profits go back to the Treasury. China owns about 10% of our debt.
"Its preparations are concealed, not published. Its mistakes are buried not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed."
John F. Kennedy
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What he said. China is the #1 holder of US Treasury Securities at $868,000,000,000 but they are quickly reducing their holding of USD and moving into commodities (smart move on their part). I would be more concerned with the fact that our debt obligations are currently running in the realm of 92% of GDP, Debt: $13,672,000,000,000 vs GDP: $14,730,000,000,000. I'm just hoping it doesn't end up playing out like this:
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The point was obviously missed....Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack ObamaComment
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It's tough to take their message seriously when they trot out the China bogeyman instead of bothering to form a rational argument. I especially enjoyed the "government take overs of private business" (cut to Wall Street). If anyone seriously believes the government is taking over the banks their world view is seriously upside down. It's late so I'm not going to enumerate my views on what "principles" I would like to see return to this country but if you want to even bother discussing it I'll check back tomorrow afternoon.Comment
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No it's not. Huge debt isn't a rational argument anymore? Does it really matter where it's from?
Where does it say banks? GM isn't an example of Government taking over private businesses? Government "reform" of Wall Street. Fannie Mae Freddie Mac ring a bell?
And it's not banned.
Maybe you're missing the point that China is a serious competitor of ours now. In more than one way.Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack ObamaComment
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6 posts a day isn't that bad.
The real question is, how do you kill one that has no life?
"Its preparations are concealed, not published. Its mistakes are buried not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed."
John F. Kennedy
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so even if the commercial isnt factually based, can anyone argue that spending more than you make while holding massive debts is responsible? then how is this an appropriate way to run a country?sigpic
1987 - 325i Convertible Delphin Auto [SOLD], 325i Convertible Delphin Manual [SOLD]
1989 - 325i Convertible Bronzit m30b35 swapped [SCRAPPED], 325i Sedan Alpine Auto[DD]
1991 - 325i Coupe Laguna Manual [Project], 535i Sedan Alpine [SCRAPPED]Comment
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Fear campaigning at it's best.
Don't try to deal with glaring issues in healthcare or banking practices UNLESS YOU WANT YOUR KIDS TO GROW UP SPEAKING CHINESE.
I hate even more that it was a movie grade production, if only the politicians I believe in could put out ads that good. lol..sigpic
Originally posted by u3b3rg33kComment
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