Quoted:
China will not continue to fund us if we print our way out of this,so the only answer Geithner can come up with is to scale back the grand plan(ain't gonna happen) or raise taxes.Common sense is a bitch.
Let me help that along a bit:
Quoted:
China will not continue to fund us if we print our way out of this,so the only answer Geithner can come up with is to scale back the grand plan(ain't gonna happen) or raise taxes.Common sense is a bitch.
CHINA told Geithner just a days ago: "Cut your deficits and stop printing or we stop buying your debt, you bitches".
END OF STORY. They sat out a bond auction this week just to get their point across and it was ugly.
The leadership in the White House has therefore decided tax increases are less painful than the Asians setting us up for bond-Armageddon.
Easy to understand, when you take the wide view.