Want another one? How about ‚Decline?‘ What do we mean by ‚decline?‘ We’re talking about the thing the anglo-saxon empire is in.

Wait a minute. We’re still Number One, right?

Yes…in the sense that we can, in theory, kick any butt in the world. That is, if the Chinese let us. They’ve got so much of our money and so many of our bonds, if they decided to dump them, we’d be in one helluva fix. Because we don’t pay enough in taxes to fund our social programs and the Pentagon at the same time. We can’t afford it. So the nice Chinese lend us money.

But don’t worry. They’ve promised not to dump our bonds. And we’re sure they’ll honor that promise for as long as they want to.

Quelle: A Look Back at the Future of America

Dieser Eintrag wurde am Dienstag, 20. Juli 2010 um 19:18 aufgeschaltet und ist unter den Labels Politik, USA, Wirtschaft abgelegt. Du kannst das Blog auch über RSS 2.0 abonnieren. You can skip to the end and leave a response. Pinging is currently not allowed.