Fact
Of The Day #7: Who Holds The Note? Look In The Mirror
China has taken enough debt of the USA to make sure we could continue to export our technology and the massive interest payments on this are making them more competitive with us.
The 6% effective interest on one trillion in debt, is 60 billion dollars a year towards modernizing their army.
This doesn't include the forty cents on every dollar spent in the USA that goes to China.
This country is engaged in an election where the cadidates can't see past the symptoms to the underlying causes of the problems in this country.
They sit around wondering what is happening to the middle class when only an blind man would miss that the middle class has been exported to China.
China has taken enough debt of the USA to make sure we could continue to export our technology and the massive interest payments on this are making them more competitive with us.
The 6% effective interest on one trillion in debt, is 60 billion dollars a year towards modernizing their army.
This doesn't include the forty cents on every dollar spent in the USA that goes to China.
This country is engaged in an election where the cadidates can't see past the symptoms to the underlying causes of the problems in this country.
They sit around wondering what is happening to the middle class when only an blind man would miss that the middle class has been exported to China.
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