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Greenspan Says


dairygirl4u2c

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eagle_eye222001

McCain has said he will[url="http://www.politico.com/news/stories/0708/11553.html"] balance the budget[/url]. Although, there seems to be numbers not quite adding up.

I do agree we need to balance the budget. Having debt in other nations cannot turn into a good thing in the future. I wonder what will happen if McCain is elected if he will live up to his pledge? I hope so. However, looking at the numbers...I don't know.

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[quote name='Aloysius' post='1655185' date='Sep 14 2008, 02:03 AM']the thing with China is not just a trade deficit. China has bought out much of our national debt; ie the Chinese government has lent us money, we have a debt to them. the trade deficit is different.[/quote]

True. But it's not as drastic as the doomsayers are making it out to be.

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