Wednesday, November 18, 2009

What Is Left Unsaid During Obama's China Tour

What Is Left Unsaid During Obama's China Tour
When you are indebted to others, especially your strategic but at times dangerous competitor, it is rather hard to make a stand on critical issues concerning Americans.

The prudent way is to get the budget in order and strive to reduce the federal debts which have exceeded $12 trillion dollars.

US debts is now close to the statutory limit but Congress will ultimately adjust the ceiling and not send the US government into crisis.

Everything will be fine. However, the kindness of strangers is less predictable.

When it is taken away at an inopportune time, Americans could suffer terribly as the US government either borrow at sky-high interest rates or when nobody wants to lend, then the important civil services have to shut down.