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Old Jan 10, 2006, 08:59 pm   #2 (permalink) (top)
Zeebadee
Volcanic Erupter
 
Posts: 3,799
Bush's "conservative fiscal policies" have made us extremely vulnerable to economic warfare. We are financing our huge deficits, as well as his war, by borrowing in the form of selling U.S. government bonds. If better investment opportunities become available, we will have to raise interest rates to keep foreign investment money coming in to cover our deficits. China is currently buying $15 Billion a month, the loss of which could have a significant effect on our economy. There may be changes in that investment coming:

http://msnbc.msn.com/id/10736596/


"Everybody knows that the boat is leaking
Everybody knows that the captain lied." - Leonard Cohen
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