Clinton says U.S. debt to China threatens security

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S. Lindsey
S. Lindsey's picture
Joined: 12/31/2008

Oh you thought they said that recently noooo…that was in March 2008..

“The Bush administration has jeopardized national security and the ability to intervene in world crises because of the huge U.S. debt held partly by China, Democratic presidential hopeful Hillary Clinton said on Saturday”.

China holds about US$490 billion in U.S. Treasury securities. 2008 Stats

During the campaign The National DEBT was one Baseball bat used to beat up then President Bush.. Deservedly so I might add.

To help you remember here are some excerpts of those rants:

“Today, lawmakers took to the Senate floor and blasted President Bush’s wasteful spending. To fully illustrate the impact, Sen. Sheldon Whitehouse (D-RI), brought up a chart showing the budget plans of President Clinton versus the budget formulated by Bush. He concluded that by squandering Clinton’s government surplus, Bush has cost the country $7.7 trillion:”

“Nov 2, 2006 — WASHINGTON (Reuters) - Democratic lawmakers warned on Thursday that U.S. reliance on foreign countries to purchase U.S. debt could lead to a financial crisis as they faulted the Bush administration's economic stewardship.”

The Bush Administration also continues to compromise our economic security by increasing our reliance on foreign investors in China, Japan, and Dubai. Democrats have fought to reduce America’s dependence on foreign borrowing and foreign sources of oil, but the Republican majority, often at the behest of powerful special interests, repeatedly has blocked those efforts.

It’s amazing what time and a few elections can do to cloud ones memory.

China now holds $894.8 BILLION of OUR DEBT just 2 short years later and that debt to CHINA has DOUBLED mostly done in the last year alone.

Where are all the outcries of Obama’s debt? Where are the Mainstream Media stories’s on our impending Financial meltdown? Where are those same Democrats that ranted about Bush’s debt while they were spending it faster then it could be borrowed?

What is it costing us to have CHINA as our debtor.. Not much.. Just JOBS and our Economy..

Congress passed an Energy bill that banned Incandescent bulbs.. Bulbs made here in the USA.. Employing thousands of Americans. The Result: CHINA is now a major supplier of the CFLs to America and soon thousands of Americans will be looking for work..

“President Bush signed the 822-page measure into law today after it was sent up Pennsylvania Avenue in a Toyota Prius hybrid vehicle. The House passed the bill by a 314-100 vote after approval by the Senate last week.”
Rep. John D. Dingell, D-Mich., chairman of the House Energy and Commerce Committee, said the legislation will boost the energy efficiency of "almost every significant product and tool and appliance that we use, from light bulbs to light trucks."
The phase-out of incandescent light is to begin with the 100-watt bulb in 2012 and end in 2014 with the 40-watt.

Another casualty of owing money to a Loan Shark is:

A Chinese wind-turbine company strikes a deal to become the exclusive supplier for one of the largest U.S. wind farms

“An investigation by ABC News and the Investigative Reporting Workshop found that 79 percent of the program's money has gone to foreign companies, money that Schumer said was "federal tax dollars, the stimulus, which was sold as jobs in America."

Over $2 Billion of our tax dollars OF STIMULAS money has gone to China..

Democrats say we don’t have the technology to manufacture them here in the USA..???
We put a Man on the MOON for God’s sake what has China done.. well they do make great Fortune cookies.

TPI Composites (TPI), a maker of large-scale composite structures, has signed a long term supply agreement with GE Energy to manufacture wind turbine blades in a new production facility to be established in Taicang, China.

Note GE is the big winner.. I wonder why?

”While many companies hire lobbyists to win earmarks, General Electric’s unmatched lobbying force has secured a tax increase — or its equivalent — in President Barack Obama’s budget. Labeled “climate revenues” and totaling $646 billion over eight years, this line item in Obama’s budget has inspired confidence in GE Chief Executive Officer Jeff Immelt. As Immelt put it in a letter this week, he believes that the Obama administration will be a profitable “financier” and “key partner.” WashingtonExaminer

Bribes, Backroom deals, Arm Twisting and Corruption and on top of all of that China wins big and we lose big time.

Enough is enough.. standup be counted.. The Administrations fiscal irresponsibility MUST END.

We are going broke and either the Democrats don’t know that or they don’t care. They will force Healthcare on us at a cost of over a TRILLION+ dollars.. Another TRILLION our Grandkids cannot pay.

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