Or China Will Control America

We are treading on dangerous waters with the deficit spending.  Most economists agree that Congresses past and present have spent America to a point possibly of no return.  The deficit on and off the books is over $50 trillion dollars. To give you a vision of that it’s approximately $163,550 for every man, woman, and child in America.

China owns much of our debt in treasury bonds.  Each year we also have a deficit trade balance with China.  We buy much more of their goods and services than they buy of ours.  China is beginning to flex her economic muscle toward America.

In recent weeks we have seen the Chinese military flex their muscle.  The military has an iron fist in China.  We saw China selling off some of the American bonds they hold.  This can have a chilling effect on our ability to sell bonds.

China’s Premier expressing concern about the American dollar advised Washington Sunday to “take steps” to reassure Beijing about their huge Treasury bond holdings.  At a news conference Premier Wen Jiabao said, “Any fluctuation in the value of the U.S. currency is a big concern for us.”

The Chinese Premiere went on to say,” We cannot afford any mistake, how slight it is, when running our financial assets.  I would like the United States to take concrete steps to reassure investors.”  The Premiere added Treasury values were a matter of the “national credibility” of the United States.

How far has American fallen?  From the strongest nation in the world to the nation having the most repressive nation scolding them and having to silently listen and take it.

The deficit spending has to stop NOW.  There is blame for all.  Democrats and Republicans went out of control.  Now we have Obama with his socialist agenda and in 14 months he and the Democrats have more deficit than Bush did in 8 years.

We will lose our sovereignty To China unless we get our financial house in order.  Stop all the spending.  Stop the stimulus package that has hurt the economy not helped it.  Without strong conservative financial restraint America will be controlled by China.

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