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?
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