The good news is that all the new federal debt records is all been done by self nominated fiscal conservatives. Can you imagine if they were not fiscal conservatives !!!! And the present budget does not include any of the major events that need immediate funding: War in Iraq and rebuilding the south Afganistan, Tajikistan, Sudan, etc. The actual debt will actually double the amount serve each American another $19,ooo or $280 more billion in new debt. In plain terms 3/4's of a trillion dollars, this way it looks smaller. I challenge you to write the number in a piece of paper and divided by the US population. Include illegals they pay taxes in most cases.
We need to thank those folks that save money and are willing to subsidize our mortgages, our leased cars, all our manufacturing, copiers, bananas, cereal, broccoli, gasoline/oil, plastic, basically every thing that you need to survive is been subsidized by: 1) The Saudis 2) China 3) Japan 4) Most western retirement plans 5) Africa natural resource explotation all exempted from supporting development where we exploit it.
Many are starting to get chills and worry asking themselves: will the Saudis bail out or the Japanese etc. No one is going to bail out of the Ponzi scheme.
Their leaders's debt to corruption is so large that they need every single apartment build in Manhattan to hide their country pilfered assets and they need US debt to robe their own country man to cover up their own con job.
We must get up every morning and send a few thanks in the way of the Saudis, whom with their magnanimous benevolence provide us with 15% of our present debt service. Consequently our above average standard of living.
We must thank the Chinese becuae their labor camps and exploited workers provide us with cheap everything except a few other thing no yet figure out, like housing. In the process the Chinese send us the savings of their citizens who in fact they save every month around 40% of their income so they can retire securely.
If they knew what we do with their pension money......
We need tot thank the Japanese who with a strong sense of dignitiy and dictatorial behavior buy our debt at rates unheard of in history of issuing debt. Which will be the equivalent of esxporting 70% of their savings to the great US go-go live style.
Hey, we must thank capitalism for the power to detroy their assets. As it did when the Japanese economy and US asset values where at sky high and the Japanese pensions bought the top US buildings and thanks to the magic of the federal reserve all those assets become a bargain basement and a buy back for US insures waiting for the next resale. The Japanese invested at inflated values, and lost and average of 65% in every single dealsince the 80's, all that pays for our party time.
So.....when you get up each moning, say a couple of thanks to our beloved debt buyers for such wonderful partnership. They work hard we party hard. Now, as action items of thanks:
Light a candle for Shinto and do a couple of claps. Fast one day in the name of Allah, so your tommy knows how some kids feel. Do five minutes of Tai Chi and let's hope that the Chianese continue to use labor camps for cheap labor as the nazi did. Finally, the Ruskies need to get back to the herd and buy back all those dollars they just sold, and for that, I suggest drink a double Spice Russian Vodka Martini.
I hope you plan some indulgent luxuries to celebrate all of them in unison after you are done with the single thank yous.
!!Viva la Deuda!!
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