^.^

I have a number of problems with the Obama healthcare
law. Actually, I have several problems, but we'll start
with the big one. No matter the other problems with the
law, how will the United States PAY for the new
entitlements, the Christmas gifts in March, that we're
getting from Santa Obama?

So far, it's looking as though the government will simply
float more money that will be bought up by the Arabs and
Chinese, people who positively ADORE US.

The issue is a simple one. If I have been given a loan from
someone, that person has some amount of control over my
life. They can dictate what the money is used for, if they
wish, and other demands can sometimes be considered as a
condition of the loan.

I remember the Chinese objecting to the massive spending
of the Obama administration, saying "We hate you people."
The army of China has threatened the United States, saying
that they will call in the loans if the United States moves
against their interests, such as Taiwan.

In the case of my fictional loan with a friend, generally
a payment date is set up when I ask for the loan, but the
person floating the loan could come to me and request the
money. In the case of the US debt with China, the Chinese
could simply sell their dollars. At that point, the market
becomes flooded with Dollars, and the currency system
falls apart.

That last part is why the Chinese *won't* call in their
loans to the United States. About five seconds after the
Dollar collapses, the rest of the currency market will
go with it, and that will take down the Chinese. So,
the threat is rather hollow, but the protest is not.
The Chinese have protested the irresponsibility of spending
money that we do not have, and it is a valid protest.

The party of Clinton, the party that used fiscal discipline
to bring us a budget surplus, has within one year, doubled
the national debt. That's why China is complaining.

That's my biggest problem with this new law.

John B.
Blogger Guy