seems not too long ago- Ronald Reagan was calling communists the 'evil empire" ...now they are our local bank and supplier of cheap product...
we went to war against communists in Vietnam because...?
Our (U.S.) Dad's and brothers got killed fighting (China-backed) North Veitnam.
!! communist are "planning to take over the world", now we make interest payments to 'em?!?
(george has borrowed billions for the Iraq struggle - now as the dollar drops, China wants it's money back)
...great
2007-05-04 09:45:06 · 8 answers · asked by omnimog 4 in Politics & Government ➔ Politics
Screw china, their poisoning our food chain and "ALL" ties should be cut immediatly.
2007-05-04 09:49:56 · answer #1 · answered by Anonymous · 2⤊ 3⤋
China is moving towards being communist in name only considering the large amounts of privatization currently taking place...
The fact that in China an identifiable middle class has emerged recently and Politburo members use their positions of power to enrich themselves should cast doubt on the sincerity with which the "Party" pursues or believes in achievable "Communism".
A crashed US economy is also not in China's interest. China produces and we consume. Without a healthy US and world economy China's growth engine becomes severely crippled and discontent with the "Party" increases.
All these facts don't change that we owe them money though.
2007-05-04 10:22:58 · answer #2 · answered by floatingbloatedcorpse 4 · 0⤊ 0⤋
You really should do some research to know what you're talking about before spouting off about it.
We have not borrowed any money from China. It works like this: the Federal Reserve issues notes for our government's debt. It puts these notes on the market and anyone is free to buy them. You can buy them, I can buy them, China can buy them.
So yes, China owns a lot of our debt, but they bought it in the open market like anyone else (communist or not).
2007-05-04 09:55:42 · answer #3 · answered by Aegis of Freedom 7 · 1⤊ 0⤋
the difficulty isn't wars, it relatively is a single price. the extra serious is entitlement courses like social protection and medicare, which makes up over a million/2 of our federal government price. we are irresponsible and choose stuff and postpone money. the cost of our social software replaced into not on time so we don't see the price at recent. the debt is relatively lot larger then what we see, by fact we cover it by social protection and fancy accounting that have been given enron in trouble. Like my mom stated, it relatively is not how lots we make yet how lots we keep. u . s . has become like europe and attempt to take care of and unsustainable existence type by skill of borrowing. The stupid ingredient is why choose china to keep us, by skill of encouraging or worse, forcing China to spend extra irresponsible . Obama even out and say it.
2016-10-04 09:38:47 · answer #4 · answered by guyden 4 · 0⤊ 0⤋
For Ron Reagan, hating communists was only second to making money. Guess which one prevailed in his descendants.
2007-05-04 09:50:48 · answer #5 · answered by Anonymous · 3⤊ 1⤋
It's cool for the PNAC neo-cons that are pocketing the money, not so cool for the rest of the USA.
2007-05-04 09:53:09 · answer #6 · answered by Retired From Y!A 5 · 0⤊ 1⤋
good luck my friend...the answers should quite a mix. as a side note...the Chinese are doing some adjustments currently...less dollars more euros.
2007-05-04 09:53:17 · answer #7 · answered by bilez1 4 · 0⤊ 0⤋
Makes the republicons argument kind of weak don't it.
2007-05-04 09:51:51 · answer #8 · answered by Anonymous · 2⤊ 1⤋