@CurmudgeonI'm glad at least someone is bringing it up. I don't
think those who just care about their party want to talk about it because
neither party has their hands clean.Thanks for injecting partisanship into
Now is the time to dig and go to work, setting aside ideology. Can it happen?
By far the largest creditor of the US is the US citizen, something that seems to
get lost in all this economic discussion.
When I think of the phrase, 'in a pickle,' I usually think of
baseball, when a baserunner is caught off base, and has to run back and forth,
dodging all the fielders trying to tag him out. What you can't do, in that
situation, is pig-headedly run straight to the next base. You need to dodge, try
different tactics, improvise. Or, in political terms, cut spending and raise
We don't need to recognise the problem anymore. We need to solve it.
Yes China and Japan own a lot of our debt but if you are going to write about it
you should get the actual figures. China owns 7.15% and Japan owns 6.95%.
The U.S. is by the far the largest export market for both China and Japan.
Neither country has any interest in inflicting severe damage to our economy,
which would also inflict severe damage on their own. That doesn't mean we
don't have a debt problem, merely that the scenario presented here is
unlikely in the extreme.
Mr. Robertson, I didn't think anyone could propose a more vague solution to
our nation's fiscal problems than Mitt Romney and the Republicans, but
you've done it. Congratulations.