I just lurv the tagline in this post:
Average American Owes Average Chinese $4000
It sums up everything that is problematic about “our” economy. Did you sign a promisary to Yueh T’en-Chih, resident of south side Beijing? I sure didn’t. And yet, you and I will pay, and pay, and pay…and Ms. Yueh is unlikely to see that money, if she’s a Bad Han and reads Chinese blogs.
Seriously, what’s going on here? How did we get to the point where you and I “owe” people on the other side of the planet four grand, and rising? Um, does that include my 3 year old nephew? Cause I’m fairly sure he isn’t legally resposible for any debt yet. We buy him toys without lead, usually made in the US or Yurp.
Sometimes, I just can’t wrap my brain around it- why do people accept this? I’m not trying to be racist and pick on the Chinese, this same sort of post could be made for any of the larger foreign debt-holders who’ve propped up the Bush regime’s irresponsible spending habits these last eight years. Still, I do wonder- what is the breaking point? What will “we” sacrifice, in order to make good on promises made by people who have essentially run this country into the ground…for nothing? Read more












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