China threatens 'nuclear option' of dollar sales
The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.
For all those apologists for the last three Republican presidents, Reagan and the two Bush's, who have said all along the 'deficits don't matter', I say what I have said all along, too - you're wrong! And China will prove me right if they follow through with their threat.
Our $9 trillion 'debt' is the direct result of the policies of those last 3 Republican administrations because it 'skipped' Bill Clinton since he didn't add a dime to that debt and in fact, had a 'surplus' over his eight years in the White House.
For those who want to check the facts on who is to blame for our $9 trillion in national debt, you can find those facts here.
Note that the current Bush Idiot has wracked up 1,515,000,000,000 in deficits in his first five years in office. For you auto parts inspectors who have an IQ equal to well air-conditioned room, that's 1.5 Trillion, an average deficit of 303 Billion per year.
When Ronald Reagan took office in 1981 the United States was the largest creditor nation in the history of the world. Now, after Reagan's and the two Idiot Bush's reigns of terror on America's economic well-being, the United States is now the largest debtor nation in the history of the world.
Thanks Republicans. Our country has so much to thank you for.
Elect Democrats. Stop Republicans from continuing their 27 year onslaught of bringing down our country.
