China buys U.S. Treasury debt to help finance the U.S.
economy so Western consumers will buy goods made in China. But less demand here due to our declining
economy leaves the Asian giant little choice but to export less, buy more at
home and stop buying U.S. debt. This
means that the U.S. will have to pay higher interest rates to other countries
to finance our government.
COMMENTS:
Aren’t you really proud of that damned sham of a deal
Congress passed before going on vacation?
Aren’t you really proud to be an American? Now, if we ever DO decide to pay down our
debt, it will take longer. Maybe we
should just let the country go over the cliff and down the damned drain. Then we can convert to socialism and our pain
and agony will be over. Hail to the new Premier,
Barack Hussein Obama. Frankly, we need
another major march on Washington, and this time we need to make it abundantly
clear that we have had enough and we want our country back.
TODAY’S QUERIES & ANSWERS:
Q. There are people out there who have been jobless for two
years or more. Now, the economy is
taking another major turn for the worse.
How will they ever get a job again?
(Cecil ~ Houston, TX)
A. Well, the longer you are unemployed, the tougher it is to
find work even in good times. You lose
job skills, technology moves ahead without you, and potential employers think
you are a loser. Unless something
changes soon, these circumstances are likely to leave a scar on the nation unheralded
since the Great Depression. This is not
the American way.
Q. I read the other day that U.S. Congress Members who
violate the laws or ethics and get tossed out on their ears still collect a
pension for the rest of their lives. I
know for a fact that if you are a retired military officer and you do those
things, you can lose your military pension.
What gives? (Buck ~ Salinas, CA)
A. Congress makes the rules.
Good old pal Anthony Weiner will get $40,000 a year. Rob Blagojevich, the convicted Illinois Governor,
spent eight years in Congress and will collect $15,000 a year. Such pensions total over $1 million a
year. Tell me Congress is not corrupt.
Q. Who was “Roe” in Roe vs. Wade? Is it true that she is now advocating for
pro-life? (Carla ~ Weed, CA)
A. Her real name is Norma McCovey and you are right; she’s
staunchly pro-life. She’s in an upcoming
movie, “DOONBY.” She lives in a small
town in Texas.
TODAY’S QUOTE:
“I've noticed
that everybody that is for abortion has already been born.” ~ Ronald Reagan
TODAY’S VIDEO:
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