Plan B from Outer Space
January 19th, 2011 - 8:39 am
What’s Plan B if China starts dumping US debt? I’ll let Reuters explain:
“The U.S. government should have and maybe still could call on the people of the U.S. to invest in U.S. debt,” said David Walker, a former U.S. comptroller general who heads an advocacy group calling on the government to curb the U.S. budget deficit and borrowings.
Did Americans just lose a trillion dollars on houses Washington told us it was just hunky-dory to borrow money to buy? This one’s a non-starter.
Of course if we’re buying US debt, that means less money to buy Chinese goods.
Here’s a wild and wacky idea: maybe the US government should spend less money.
Here’s a wild and wacky idea: maybe the US government should spend less money.
Why, that’s just crazy talk! How are they going to buy votes to keep their phoney-baloney jobs* if they cut spending?
*Blazing Saddles reference.