Friday, July 31, 2009

CHINA MAY PULL FINANCIAL BACKING

SPECIAL POST

It hasn't really made the news, probably because the media is covering it up at a White House request; the White House certainly would not want this issue to be a matter of rabid public discussion while the President is trying to get his $1.5 trillion Government Health Care Plan passed.

When Miss Hillary visited China, the Chinese told her in no uncertain terms that they are "very concerned" about America's growing budget deficit.

There it is folks. The warning has been put out there for us to see. But, the warning has not been heeded; we continue to move forward on a reckless spending spree while, at the same time, new unemployment claims forge ahead at break-neck speed. Those who are unemployed do not contribute to the tax base; in fact, they increase government expenditures in jobless benefits. So, at a time of a huge deficit, expenses are going up and income is going down. In short, we are all on a train spelled D-I-S-A-S-T-E-R; the wheels could literally come off at any second.

You can depend on this: When it happens, the White House will point the fickle finger of blame everywhere except where it belongs.


I don't know about you, but I am very scared, and I AM clinging on to my guns and my religion.

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