Saturday, March 20, 2010

 
 
 

 
 
 
 
 
An interesting - and hilarious - take on China/U.S. relations
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Tuesday, March 17, 2009
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From the S&A Digest:

Today the federal budget accounts for nearly 30% of GDP - the most since WWII. Add in the highly regulated and highly subsidized health care industry and you've got the government in control of nearly half the economy. Now add in the banking system - which couldn't exist without the FDIC, which would already be insolvent without the backing of Congress. Now add in the insurance industry, which will surely collapse next. Now add in all the state governments' spending and employees.

Most Americans don't understand: The government is now running most of the economy, by a wide margin. And who keeps the government afloat? The Chinese.

Think about that for a little while... The so-called "Communist" Chinese, whose government makes up about 10% of China's GDP and who control the No. 1 freest city in the world (Hong Kong), are now paying for the most government-controlled economy in the world - the so-called "land of the free."

Learn more about the S&A Digest...

Why China should lie about its dollar holdings

Hell, even China is against Obama's huge socialist spending plan

Topics: China | Boondoggle
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