Letters to the Editor
-
@ Obi-Wan
"Foreign governments buy US government bonds and invest in American companies because they know that if they lend money to America, America is good for it in the long term. With the dollar as the reserve currency, with oil traded in dollars, America has been a brilliant bet for foreign investors for decades.
It *their* treasure, you just borrowed it. Japan bought about $100B of government bonds last year, China did the same, India's not far off. The government spend it, or give tax breaks.
There's nothing sinister about this - it's a system that suits just about everyone"
So it sounds like you think this situation is just peachy. Yeah, let's continue to fund a defense budget larger than the rest of the world combined through borrowing money from the people we're supposed to protect. That's just fucking brilliant.
No wonder the "party of fiscal responsibility" has no qualms in running up trillions of dollars of financial debt. It's all just a game of fiscal MADD, and in the meantime, defense and private contractors get to bill the shit out of the american taxpayer!! What's there not to like about that?! I mean, we're never going to pay the interest, and if a country makes any real fuss, we'll just bomb the shit out of them.
Healthcare, education and poverty, those are just peripheral issues anyway, and don't affect "real americans."