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THE argument against Bush's SS plan:CHINA now buying most of US debt.

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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-05 04:28 PM
Original message
THE argument against Bush's SS plan:CHINA now buying most of US debt.
Edited on Sun Feb-27-05 04:41 PM by blm
Thanks to deals made years ago by China industrialists and the Bush crime family, no doubt.

Communist China is now buying most of the US debt. Bush's SS plan will give China the opportunity to OWN the trillions of debt that would occur from moving to Bush's plan.

The Republicans are really snookering the American people. Bush's plan will only inrease what we already owe the Chinese.

Chinese industrialists (think WalMart) have profited the most from Bush's deficit-based economics. They buy our debt and the billion dollars a day WE pay just in interest goes mostly to China.

What deals did Bush1 make back in China in the 70s when he was living there? WalMart? Bush's brother who headed the US-China Chamber of Commerce for many years?

I don't think this is all just coincidental. No doubt in my mind there are some extremely wealthy Chinese industrialists who are part of the ever-more powerful BFEE.

This is the BFEE's road to fascism and totalitarianism. Bush's SS plan would get us there faster.

And how the heck do the Repubs get away with it when they tout capitalism over communism these days based on sheer economic numbers?

There's something bigtime strange and evil going on in the world and the Bushes are neck deep in it and doing it with OUR Tax dollars and OUR future.
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-05 04:43 PM
Response to Original message
1. Paul Krugman was writing about this 6 months ago.
Edited on Sun Feb-27-05 05:37 PM by BrklynLiberal
Edit: Make that: at least 2 years ago...
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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-05 04:55 PM
Response to Reply #1
2. The silence of the rest of the media on our debt to China is astounding.
Imagine if a Democratic president's economic policies put us at the mercy of the Chinese for decades to come.

What would the Republicans and the media be screaming 24/7 at the top of their lungs?

The media barely mentions our debt and WHO is profitting from it.
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BrklynLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-05 05:36 PM
Response to Reply #2
3. There sure will be some screaming when the Chinese call in their
chips!!!!!
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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-05 06:10 PM
Response to Reply #3
5. Because they'll be blindsided, never realizing HOW it happened
thanks to Bush's poodle press.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-05 05:54 PM
Response to Original message
4. Or Nixon. Apparently the only one who could go to China at the time.
x(
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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-27-05 09:03 PM
Response to Reply #4
6. And I think that is when BushInc stepped in to make their deals with the
industrialists. And HELLO WAL-MART!
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blm Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-28-05 10:40 AM
Response to Original message
7. Morning kick.
.
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