Comments on: China is Kicking Us While We are Down http://toughmoneylove.com/2009/03/27/china-kicking-us-while-down/ The Hard Truth about Money and Personal Finance Fri, 24 Feb 2012 15:57:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MasterPo http://toughmoneylove.com/2009/03/27/china-kicking-us-while-down/comment-page-1/#comment-3346 MasterPo Sun, 29 Mar 2009 04:02:14 +0000 http://toughmoneylove.com/?p=2936#comment-3346 TML - Don't snicker too loudly. The Chinese may not be far off. I don't see any reasonable way the U.S. can pay for the debt Obama has gotten us into already, muchless what he wants to add in the new budget! Even a massive tax increase (whatever happened to the 95% cut he promised? Seems he backed off that pretty fast!!) can't pay for it. And this is just the first year budget. There's next year, and the next etc. Not to mention any crisis or emergency that you know life will throw at us some point in the next 4 years (btw, did you hear Obama promised $1.4 BILLION to Mexico for drug enforcement? What's another billion here or there...) Rick - Keep making those excuse but always remember we were told that Obama was ready on day-1 to take command and leadership. He and his supporters (and the media) reminded us constantly that being President does not allow for on the job training, hence McCain and Palin were ill suited for the positions. But Obama we were told was ready on the get-go to take the reigns and charge full speed ahead! And always remember too we were told that Geithner was the ONLY person in the country uniquely qualified to head up the Treasury and get us out of this mess; That he appointment confirmation was literally a matter of life&death for the nation! Now it's time to walk the walk - and both men are failing MISERABLY!! :-( SJ - We took their money in the form of selling them Treasury bonds. The U.S. simply can NOT say "We ain't gonna pay you back so there! :-P " That will truly destory the nation on the spot. So yes, even though we have their money they own us, not we own them. TML – Don’t snicker too loudly. The Chinese may not be far off. I don’t see any reasonable way the U.S. can pay for the debt Obama has gotten us into already, muchless what he wants to add in the new budget! Even a massive tax increase (whatever happened to the 95% cut he promised? Seems he backed off that pretty fast!!) can’t pay for it. And this is just the first year budget. There’s next year, and the next etc. Not to mention any crisis or emergency that you know life will throw at us some point in the next 4 years (btw, did you hear Obama promised $1.4 BILLION to Mexico for drug enforcement? What’s another billion here or there…)

Rick – Keep making those excuse but always remember we were told that Obama was ready on day-1 to take command and leadership. He and his supporters (and the media) reminded us constantly that being President does not allow for on the job training, hence McCain and Palin were ill suited for the positions. But Obama we were told was ready on the get-go to take the reigns and charge full speed ahead! And always remember too we were told that Geithner was the ONLY person in the country uniquely qualified to head up the Treasury and get us out of this mess; That he appointment confirmation was literally a matter of life&death for the nation! Now it’s time to walk the walk – and both men are failing MISERABLY!! :-(

SJ – We took their money in the form of selling them Treasury bonds. The U.S. simply can NOT say “We ain’t gonna pay you back so there! :-P ” That will truly destory the nation on the spot. So yes, even though we have their money they own us, not we own them.

]]> By: SJ http://toughmoneylove.com/2009/03/27/china-kicking-us-while-down/comment-page-1/#comment-3326 SJ Fri, 27 Mar 2009 22:02:10 +0000 http://toughmoneylove.com/?p=2936#comment-3326 Do they own us? isn't there a saying, when you own someone 1 billion dollars, they owe you. When you owe someone 1 trillion dollars you own them? Regardless, sadness. Do they own us? isn’t there a saying, when you own someone 1 billion dollars, they owe you.
When you owe someone 1 trillion dollars you own them?

Regardless, sadness.

]]> By: Rick Beagle http://toughmoneylove.com/2009/03/27/china-kicking-us-while-down/comment-page-1/#comment-3325 Rick Beagle Fri, 27 Mar 2009 21:32:45 +0000 http://toughmoneylove.com/?p=2936#comment-3325 I had hoped to see your comments concerning the Republican budget plan, but hitting lil' Timmy is always fun. In his defense, it has only been two months and he still doesn't have a full staff. Last I heard, he was still awaiting approval for a great many of his senior staff selections. I don't disagree that he may not be up for the task, but having one hand tied behind your back should be acknowledged and added to any conversation. Insofar as him having a quick retort for the Chinese, they own us, and nothing to do but shut our "pie holes". Thank you Republicans.... Rick Beagle I had hoped to see your comments concerning the Republican budget plan, but hitting lil’ Timmy is always fun.

In his defense, it has only been two months and he still doesn’t have a full staff. Last I heard, he was still awaiting approval for a great many of his senior staff selections. I don’t disagree that he may not be up for the task, but having one hand tied behind your back should be acknowledged and added to any conversation.

Insofar as him having a quick retort for the Chinese, they own us, and nothing to do but shut our “pie holes”. Thank you Republicans….

Rick Beagle

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