Thread: Spending
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Old 04-06-2011, 12:22 PM
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joeydb joeydb is offline
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Join Date: Jun 2007
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Default Spending

Very basic question - how would your representative respond?

http://cnsnews.com/news/article/marc...ore-eight-time

Excerpt: "This problem is going to happen, like the former chairman of the Fed said, or the Moody's said, this is a problem we're going to have to face up,” he said. “It may be two years, you know, maybe a little less, maybe a little more. But if our bankers over there in Asia begin to believe that we're not going to be solid on our debt, that we're not going to be able to meet our obligations, just stop and think for a minute what happens if they just stop buying our debt."
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