Feb 26, 2010

Who Has it Now ?

Prior to Obama being elected, China was buying approximately 50 percent of of debt. Now after Obama's one year in office, China is buying around three percent of our debt. China has expressed serious concerns that America's mounting debt is not sustainable.
Even China and Saudi Arabia think we are close to becoming a Banana Republic, but when will the White House and Congress wake-up and realize it?

No comments: