Borrowing from the future
As originally published by our national student-based grassroots effort - http://TheNewRepublicans.net
The secret is already out: our country is borrowing billions from foreign nations and will borrow countless billions more in order to counter the recent downturn in the economy.
In “Chinese Savings Helped Inflate America Bubble,” Mark Landler of the New York Times writes that the Chinese have lent the US from its excess savings. According to Landler, China has invested $1 trillion in total, from US bonds, to US-backed mortgage debt to manufacturing exports.
Ben S. Bernanke, the Chairman of the Federal Reserve, regrets not doing more to regulate financial institutions, which may have prevented this alarming dependency.
Will foreign nations have an undue influence over our country?
The secret is already out: our country is borrowing billions from foreign nations and will borrow countless billions more in order to counter the recent downturn in the economy.
In “Chinese Savings Helped Inflate America Bubble,” Mark Landler of the New York Times writes that the Chinese have lent the US from its excess savings. According to Landler, China has invested $1 trillion in total, from US bonds, to US-backed mortgage debt to manufacturing exports.
Ben S. Bernanke, the Chairman of the Federal Reserve, regrets not doing more to regulate financial institutions, which may have prevented this alarming dependency.
Will foreign nations have an undue influence over our country?
Replies to This Discussion
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Permalink Reply by Jason on -
I would like to point out the ONLY candidate who would talk about the USA borrowing money from China and other foreign countries during the Primary Debates was RON PAUL. But of course, since he said we were using the money to fund the wars, Neo-Cons were perfectly fine with it! You know they were fine with it because they were the ones laughing at him! Low and behold, he was right as usual! If you cared about the economy, Ron Paul was your choice. If you wanted to piss trillions away and damage our economy further, you voted otherwise.
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